EU carbon permit prices crash after Russian invasion of Ukrain | The Guardian news (unofficial)

EU carbon permit prices crash after Russian invasion of Ukraine

Slump effectively lowers cost of emitting carbon for the most polluting companiesRussia-Ukraine crisis: live newsThe price of carbon permits in Europe has crashed dramatically following Russian’s invasion of Ukraine, lowering the cost of emitting carbon for the EU’s most polluting companies.Permit prices, which are part of the European Union’s (EU) emissions trading scheme, were launched in 2005, and reached a high of €97 (£80) in early February, but have now slumped below €70. Prices were on course to drop to almost €60 on Wednesday afternoon, representing the biggest fall since 2014. Continue reading...

https://www.theguardian.com/environment/2022/mar/02/eu-carbon-permit-prices-crash-after-russian-invasion-of-ukraine

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