Finance
EU Carbon Price Hits a Record 41 Euros as Rally Speeds Up
- Carbon permits rose as much as 3% to record-high 41.85 euros
- Carbon is up 26% in 2021 as investors bet on climate policy
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European Union carbon permits surged to a record as speculators bet on stricter policies to meet emission-reduction goals and demand from industrial buyers for the pollution rights.
Carbon futures cleared 41 euros a metric ton for the first time in the EU’s 16-year-old cap-and-trade emissions market, the largest in the world. The contracts have climbed 26% this year, and are up five-fold since 2018.