Carbon price of €60/ton needed to hit targets say traders
Carbon will need to be priced at €60 per European Emissions Allowance (EUA) from 2013 onwards, in order to meet the EU's target of an 80% reduction in greenhouse gas emissions from 1990 levels by 2050, according to carbon traders surveyed in the International Emissions Trading Association's (IETA) sixth annual GHG market sentiment survey.
The figure is three-and-a-half times the current price (€16.70), and double the expected price for the third phase of the Kyoto protocol (2013-2020), which
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk management
Regulation
EU eyes fix to FRTB’s capital asymmetry for govvies
Banks say French presidency proposal would see PD floor slashed for sovereign bonds under IMA
Receive this by email