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Key EU Lawmaker Plans Measures to Curb Carbon Price Manipulation

  • EU Parliament’s Peter Liese sees need for action in CO2 market
  • Emissions prices in Europe more than tripled over three years
A Ilva steel plant in Taranto.

A Ilva steel plant in Taranto.

Photographer: ALFONSO DI VINCENZO/AFP

The lawmaker overseeing reform of the European Union’s carbon market is working on measures to prevent manipulation as the price of polluting surges to a record amid stricter climate policies.

The soaring costs of emissions, exacerbated by an unprecedented energy crunch, prompted some EU members, including Poland and Spain, to demand actions to curb the role of speculative investors. Benchmark permits erased part of earlier gains, rising 1.4% to 81.68 euros per metric ton at 4:03 p.m. on the ICE Endex exchange in Amsterdam. A record of 90.75 euros was set last month.