EU CO2 prices at 11-year high as German minister signals cancellations

摘要

EU carbon dioxide allowance prices rallied to an 11-year high Wednesday, taking support from a German minister’s comments indicating an intention to cancel allowances linked to planned coal plant closures. EU Allowance futures contracts for December 2019 delivery on the ICE Futures Europe exchange rallied to an intra-day high of Eur28.31/ mt ($31.39/mt) Wednesday — the highest price for a nearest- December contract since 2008. That compares with Eur26.56/mt at the close Tuesday — a day-on- day gain of more than Eur1.50/mt. Media reports Wednesday quoted Germany’s environment minister, Svenja Schulze, saying the country may cancel carbon allowances linked to its planned closure of coal-fired power plants.