- Jul 22, 2019 1:30 pm GMT
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Europe’s carbon market is nearing the psychologically important threshold of 30 euros ($33.70) a ton after signs the region will tighten rules on polluters and curtail supplies of allowances.
The value of the securities that cover greenhouse gas emissions from industry and utilities has almost doubled in the past year, finishing Friday at their strongest weekly close since 2006. That followed comments from the designated European Commission President Ursula von der Leyen placing green issues at the heart of the political agenda.
An interesting development to keep an eye on in the United States, as the EU carbon price is set to get to the level that's long been considered a key threshold where impacts on utilities & industry will start to really kick in