EU carbon prices hit 12-year high above Eur30/mt

摘要

London—EU carbon allowance prices rallied July 13 to their highest since 2008, with bullish sentiment continuing to dominate as participants look ahead to upcoming market reforms and focusing on the need for non-power sector emissions reductions. EU Allowance futures contracts for December 2020 delivery on the ICE Futures Europe exchange surged as high as Eur30.80/mt ($34.45/ mt) July 13 -- the highest price for the front-December contract since 2008, and up from Eur29.02/mt at the close July 10.