Energy & Science
Europe CO2 Prices May Rise More Than 50% by 2030, EU Draft Shows
- European Commission is designing reform of EU carbon market
- Higher emission prices would make fuels more expensive
Photographer: Bartek Sadowski/Bloomberg
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The price of polluting in the European Union may rise to as much as 85 euros a metric ton by the end of the decade as the bloc tightens its carbon market and forces a swifter shift to clean energy, according to a draft analysis by the EU’s executive arm.
Carbon futures in the region have doubled in two years to more than 55 euros on expectations that reforms to align the market with stricter 2030 climate targets will make emission permits more scarce. The European Commission’s new price projection, included in an analysis of the bloc’s planned Emissions Trading System overhaul, is still lower than forecasts by most carbon analysts.