The price of CO ₂ exceeds 28 euros: its maximum in 11 years

The price of _CO2 has exceeded 28 euros per ton, which is its highest in eleven years and is on track, according to market experts, up to 30 euros per ton if the heat wave persists. In the opinion of the operators, heat can affect the production of nuclear power plants, which would mean a greater generation with fossil technologies and therefore an increase in demand, while also reducing the efficiency of photovoltaic energy.

Since the birth of this market, with the Kyoto Protocol in 1997, the carbon dioxide emissions market – where companies and countries acquire and sell emission allowance certificates. has been acquiring importance and volume, to the point that at the next COP25 – the United Nations Conference on Climate Change, which will take place in December in Santiago de Chile. it will be one of the main objects of review and debate.

In January 2018, the price of _CO2 was 8 euros. Forecasts said that the price would move between 20 and 25 euros in 2021. And in July 2018 this level was already reached, explain market sources, who warn that a review of the functioning of this market is needed.

Source: The Economist