Peter Liese, a German Christian Democrat and member of European Parliament, is pushing for stricter controls to refrain the bloc’s carbon prices from growing too quickly. Following his remarks, the benchmark December 2022 contract was traded at 91.54 euros per tonne, down 5.5% from the previous day's close.
Liese, leader of the EU Emissions Trading System reform in the European Parliament, expressed his intention to make amendments to existing measures in the bloc's cap-and-trade program next week to curb excessive price growth.
