Poland Asks EU to Clarify Carbon Rally on Speculation Concerns
- Carbon price surge may hinder EU climate policy, Poland says
- Poland wants EU executive to address emissions price spike
Emissions rise from chimneys at a coal powered power plant in Bogatynia, Poland.
Photographer: Bartek Sadowski/BloombergThis article is for subscribers only.
Poland said record-high prices in the world’s biggest carbon emissions market may derail the European Union’s climate goals and called on the bloc’s regulator to investigate the latest rally amid concerns it was led by speculators.
Permits to emit carbon dioxide surged almost 60% in the past six months as the EU outlined plans to adopt stricter climate targets. Those involve speeding up the reduction in the number of available allowances, with the potential increase in their value seen luring financial investors into the cap-and-trade program.