Explained: How the summer heatwave is helping drive up EU carbon prices

Michael Holder
clock • 5 min read

Higher energy demand coupled with plant shut downs, low wind and hydro production has helped rally EU ETS prices to a seven-year high

As Europe melts in record breaking temperatures, the price of carbon under the bloc's Emission Trading System (ETS) has hit a seven-year high of almost €18 per tonne. What's going on? Could the two...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Environmental journalist and editor

View profile
More from Michael Holder

'Exciting moment': Energy-saving Passivhaus school projects completed in South Gloucestershire

Major Lincolnshire solar and battery project gets government approval

More on Legislation

'Climate change is upon us': Tesco and Aldi join 100 leaders in demanding action to strengthen UK food security
Legislation

'Climate change is upon us': Tesco and Aldi join 100 leaders in demanding action to strengthen UK food security

Letter from UK food industry to new Prime Minister Andy Burnham warns that 'the next food shock is not a question of if, but when'

Michael Holder
Michael Holder
clock 30 July 2026 • 5 min read
Environment Agency launches criminal proceedings against former Southern Water CEO
Legislation

Environment Agency launches criminal proceedings against former Southern Water CEO

Court confirms watchdog has the authority to pursue criminal proceedings against former employees accused of trying to manipulate water tests

James Murray
James Murray
clock 22 July 2026 • 3 min read
European Commission set to launch Digital Product Passport Registry
Legislation

European Commission set to launch Digital Product Passport Registry

Key plank of Ecodesign for Sustainable Products Regulation slated to go live, providing businesses and consumers with more detailed product information

James Murray
James Murray
clock 20 July 2026 • 2 min read