The continuously increasing gas prices have turned European electricity generators to use more polluting coal-fired power and drive up demand for carbon permits. Analysts have thus upped their average price projections for carbon permits in Europe.
According to a Reuters poll of seven analysts, EU Allowances (EUAs) are predicted to average 84.14 euros per tonne in 2022 and 91.71 euros in 2023. This is up 27.2% and 38.5% from October predictions, respectively.
