EU Carbon Permits
European carbon futures were trading around the €85 a tonne mark, below an all-time high of €99 touched in August 2022, as lower natural gas prices reduced the gas-to-coal switch, and weaker industrial output curbed industrial firms' demand for permits. Meanwhile, EU policymakers clinched a deal to raise €20 billion from the region's carbon market to finance its strategy for cutting dependence on Russian energy. Member states agreed that 40% of the funding would come from front-loaded government auctions of emissions allowances and the remaining 60% through sales of permits earmarked for an innovative technologies fund.
Historically, EU Carbon Permits reached an all time high of 99.22 in August of 2022. This page includes a chart with historical data for EU Carbon Permits. EU Carbon Permits - data, forecasts, historical chart - was last updated on January of 2023.
EU Carbon Permits is expected to trade at 77.90 EUR by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 68.02 in 12 months time.
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