Carbon set for sustained price rally in chase for net zero
Emissions trading reignited as market takes centre stage as carbon abatement driver
Carbon prices are set for a sustained rally as the formalisation of net-zero emissions targets and an influx of new capital drive it to new highs and transform it into the world’s biggest commodity market, according to speakers at the FT Global Commodities Summit. Prices in the EU Emissions Trading System (ETS), the most liquid carbon market, have doubled in the last year to more than €50/t ($60/t) and are expected to trade as high as €75/t by the end of the year as the supply of allowances tightens and the scheme widens to cover additional sectors, speakers said. “The objective is to get to net zero by 2050, and that is now a legally binding target,” says Mark Lewis, head of Climate Researc
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