October 07, 2024 11:56 GMT
EMISSIONS: EU ETS Price Increase Possibly Limited Amid Lower Emissions:BNEF
EMISSIONS
EU carbon prices are forecast to fall to an average of €65/t CO2e in 2024, before rising to €71/t in 2025 and nearly €150/t CO2e by 2030. However, the increase may be limited by persistently low emissions, which reduce demand for allowances, and a surplus of permits, data from BNEF shows.
- Allowance supply is projected to increase again in 2025.
- Additionally, four key policy details are still pending, and several reviews are expected by 2026, price volatility could increase, BNEF added.
- EUA DEC 24 down 3.1% at 60.10 EUR/MT
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