EU Must Look at Carbon Market Speculation, Denmark Says
- Danish Climate Minister Dan Jorgensen speaks in interview
- Carbon prices in Europe surge to record as investors flock in
Permits to pollute in the EU Emissions Trading System jumped to a record 41.04 euros Wednesday.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
The European Union needs to analyze the impact of investor speculation on the world’s biggest carbon market when reforming the program, Denmark’s Climate Minister Dan Jorgensen said.
Permits to pollute in the EU Emissions Trading System jumped to a record 41.04 euros Wednesday, extending their gains to 50% in the past six months. The prospects of stricter climate goals under the European Green Deal and higher prices has lured new financial investors, including hedge funds.