EU CO2 price hits 2-month high on reform hopes

摘要

The price of carbon dioxide allowances under the EUrnEmissions Trading System rallied to a two-month high inrnApril, amid expecations that a compromise can be foundrnbetween EU member states on reforms that couldrntighten future supply.rnDecember 2015 EU Allowances in the over-thecounterrnmarket rallied to €7.28/mt ($7.91/mt) at thernclose April 24, amid reports that current EU Presidencyrnholder Latvia had proposed a new draft compromise textrnon the European Commission's proposed MarketrnStability Reserve. December 2015 EUAs averagedrn€7.07/mt in the period April 1-24, compared withrn€6.85/mt in March, according to Platts' daily pricernassessments. The gains came after prices fell to a 4.5rnmonth low of €6.45/mt March 12.