EU carbon permits exceed 70 euro per tonne

EU carbon permits exceed 70 euro per tonne — — -Brussels (Brussels Morning) The benchmark price of EU carbon permits rose above 70 euro per tonne on Monday, reaching the highest level since the bloc first introduced them in 2005.

The December 21 EU Allowance (EUA) contract reached 70.43 euro before dropping to 69.77 euro, according to Reuters reporting.

The EUA price has been rising continuously since the start of the year, when it stood at roughly 35 euro, and has now increased by more than 110% so far in 11 months.