EMEA > Compliance Markets & Taxes > COMMENT: Why BNEF thinks the EU ETS does not need a price ceiling

COMMENT: Why BNEF thinks the EU ETS does not need a price ceiling

Published 01:00 on July 20, 2020 / Last updated at 12:49 on December 19, 2023 / EMEA (Compliance Markets & Taxes, Europe), Other Content (Contributed Content)

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The price of EUAs topped €30 on July 13, the highest since 2006. At that point, EUAs had risen by over 60% since May 12, and had almost doubled compared to their March lows. The rally has prompted the discussion around additional stability mechanisms. Analysts at BloombergNEF discussed the concept of a carbon price floor after EUAs declined almost 40% in March. This time, the price spike has raised the question of the need for a carbon price ceiling.
The price of EUAs topped €30 on July 13, the highest since 2006. At that point, EUAs had risen by over 60% since May 12, and had almost doubled compared to their March lows. The rally has prompted the discussion around additional stability mechanisms. Analysts at BloombergNEF discussed the concept of a carbon price floor after EUAs declined almost 40% in March. This time, the price spike has raised the question of the need for a carbon price ceiling.


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