ICE CO2 Allowance Futures/update…

Updating an old post:

 

Here is the chart, from Barchart.com:

Reuters has this:

”Carbon permits traded under the EU’s Emissions Trading System (ETS) have become the best performing commodity this year, almost trebling in price to over 21 euros ($25) a ton since January on the back of stronger energy prices and measures to reduce supply.

The ETS, which charges power plants and factories for every ton of carbon dioxide they emit, has suffered from excess supply since the financial crisis which dragged prices down to lows of 2-3 euros a ton.

Now at 10-year highs, stronger carbon prices make it more expensive for European utilities to burn fossil fuels, encouraging a shift to cleaner energy sources.”