Retail

European carbon prices hit record high after German price floor pledge



© Reuters.

LONDON (Reuters) – The benchmark European carbon contract hit a fresh record high of 73.18 euros a tonne on Wednesday after Germany’s incoming coalition government said it would prevent carbon prices in its country from falling below 60 euros/tonne.

Germany, which is Europe’s biggest emitter of carbon dioxide, said it would implement the measure if the European Union cannot agree on a minimum price in its Emissions Trading System.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.