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

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Legislation

Government launches review of how Ofgem can better support net zero transition

Government launches review of how Ofgem can better support net zero transition

Views sought on how energy regulator can help accelerate net zero and support households and businesses facing high energy costs

Michael Holder
clock 19 December 2024 • 3 min read
Water pollution: Watchdog accuses Defra of major legal failings over sewage pollution

Water pollution: Watchdog accuses Defra of major legal failings over sewage pollution

Office for Environmental Protection warns Defra, the Environment Agency, and Ofwat could face court action unless immediate efforts are made to remedy alleged breaches of laws governing sewage overflows

Michael Holder
clock 17 December 2024 • 6 min read
'A win-win for the economy and nature': Labour confirms plan to overhaul 'nutrient neutrality' rules

'A win-win for the economy and nature': Labour confirms plan to overhaul 'nutrient neutrality' rules

Steve Reed and Angela Rayner signal intention to revamp a planning system that is currently failing both prospective homeowners and nature

James Murray
clock 16 December 2024 • 6 min read