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Is anyone able to control the carbon price?
(EurActiv, 7 Jun 2021) Carbon prices on the EU emissions trading scheme are currently rising too fast, making the market extremely volatile, but it seems the European Commission has no effective stabilising tool to tackle this, writes Robert Jeszke and Sebastian Lizak.
Robert Jeszke is the head of the strategy, analysis and auction department and the Centre for Climate and Energy Analyses (CAKE) in the National Centre for Emission Management (KOBiZE), part of the Institute of Environmental Protection – National Research Institute.
Sebastian Lizak is an expert in the strategy, analysis and auction department and the Centre for Climate and Energy Analyses (CAKE) in the National Centre for Emission Management (KOBiZE), part of the Institute of Environmental Protection – National Research Institute
The European Union is facing the challenges of implementing the Green Deal while initiating economic recovery from the COVID-19 crisis. While funding for investment is often discussed, we need a transparent policy framework that makes investments in climate-friendly technologies economically viable.
Therefore, the EU ETS market itself needs special attention, in particular at increases in the EU carbon price, which has hit a new high per tonne.
From April 2013 to May 2021, the EU Allowance (EUA) price increased on the secondary spot market from €2.75 to €54.34 (over 1,900%). €2.75 is the lowest EUA price on the secondary market since 2008, when it became possible to bank allowances between periods.
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EurActiv, 7 Jun 2021: Is anyone able to control the carbon price?
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