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EC urges calm over record high carbon prices

02 Sept 2021 11:02

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Siobhan Hall


02 Sept 2021 11:02

(Montel) The European Commission is urging calm over record high carbon prices as they are within the EUR 50-80/t range it used in its impact assessment for cutting EU emissions by at least 55% from 1990 levels by 2030, a senior official said on Thursday.

“We need to keep calm about the EUR 60/t prices. The market is working. It’s a strong decarbonisation signal,” Beatriz Yordi, the EC’s director for European and international carbon markets, told a Euractiv webinar, with the Dec 21 EUA contract hitting a record EUR 61.90/t yesterday. 

Current prices were being influenced by short-term market conditions such as high gas prices, as well as longer-term factors…

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