EU carbon prices in the EU’s emissions trading system rose to an all-time high above 99 euros a tonne on Aug. 19, due to a cut to auction supply in August and a significant increase in demand.
According to Platts assessments published by S&P Global Commodity Insights, EU Allowance futures contracts for December 2022 delivery surged as high as €99.14/mtCO2e ($99.70/mt) on Aug. 19, the highest intraday price ever recorded for the nearest-December futures contract, compared with a close of €96.53/mtCO2e on Aug. 18.
