(Montel) European carbon prices have shed 15% over the past week amid concerns over market interventions and a gloomy economic outlook across the continent that threatens to further curb industrial demand.
After earlier plummeting to a fresh six-month low of EUR 65.55/t, the Dec 22 benchmark carbon contract last traded down EUR 0.87 at EUR 66.43/t on Ice Endex.
This was a 15% decrease week-on-week from last Friday’s settlement of EUR 77.89/t, extending losses for the sixth consecutive session.
The carbon market has been ravaged by the prospect of frontloading volumes of allowances to be auctioned, as well as…
