EMEA > EUA price of $300 in 2030 required for 1.5C warming and to avoid billions in financial losses -ECB

EUA price of $300 in 2030 required for 1.5C warming and to avoid billions in financial losses -ECB

Published 16:27 on July 8, 2022  /  Last updated at 12:41 on July 9, 2022  / /  EMEA, EU ETS

A European carbon price of around $300 per tonne in 2030, which is around €295 in current, nominal terms, is required to remain on an 'orderly' pathway to a Paris Agreement-aligned warming target, according to modelling in the European Central Bank's first climate stress test published Friday that said stringent policy measures were urgently required to avoid billions of financial losses across euro zone banks.
A European carbon price of around $300 per tonne in 2030, which is around €295 in current, nominal terms, is required to remain on an 'orderly' pathway to a Paris Agreement-aligned warming target, according to modelling in the European Central Bank's first climate stress test published Friday that said stringent policy measures were urgently required to avoid billions of financial losses across euro zone banks.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.