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...

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