European carbon prices are close to €80 a tonne, well below their peak of nearly $100 hit in February, after the European Commission announced plans to sell more carbon emission permits to fund the EU’s exit from Russian energy. The European Commission unveiled a €210 billion plan for Europe to end its reliance on Russian energy by 2027, and to use the pivot away from Moscow to speed up its transition to green energy. The commission has 2.6 billion certificates in reserves and plans to sell between 200-250 million ETS certificates from Market Stability Reserves by the end of the decade. Still, the EU is seeking alternatives as some countries fear the proposal would undermine the bloc's main climate change policy.
Historically, EU Carbon Permits reached an all time high of 98.49 in February of 2022. This page includes a chart with historical data for EU Carbon Permits. EU Carbon Permits - data, forecasts, historical chart - was last updated on August of 2022.
EU Carbon Permits is expected to trade at 73.63 EUR by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 83.74 in 12 months time.