Prices are being boosted by technical buying
EU ETS reaches record highs
Utility hedging and a tighter supply-demand balance are boosting prices, but falls still expected later in year
Prices in the EU emissions trading system (ETS) reached above €100/t CO₂ ($106/t CO₂) last week and hit their highest-ever closing level. Although not quite rising to the record high of €102/t CO₂ from last August—stopping just short at €101.19/t CO₂—the market has breached €100/t CO₂ for five of the last six trading days and average closing prices last week were the highest ever. Previously, when the market has risen to this level it has quickly fallen back as traders sold positions to lock in profits from the rallies. But profit-taking has failed to materialise this time, with traders betting the market could still rally further and breach the all-time high. 16pc — Amount of EU’s ele
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
