“An aggressive tightening of the [EU] Emissions Trading System [ETS] will be required to make it ‘fit for 55’. Carbon prices are set to be on a continuous rise. We forecast prices to average €50 over this decade, ending at €89 [per tonne] in 2030,” said Refinitiv head Hæge Fjellheim.
“Approaching [a] three-digit carbon price level in 2030 reflects the fact that in order to become carbon neutral in 2050, costly abatement options in industry will have to be triggered sooner rather than later.”
Mark Lewis, chief sustainability strategist at French bank BMP Paribas added: ““With Phase 4 of the EU ETS starting on 1 January, we are on the verge of a new pricing paradigm for [carbon permits] based on green hydrogen and a net-zero trajectory.
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A Nobel peace prize winner and a key architect of the Paris Agreement are signatories to the letter to Boris Johnson MORE than 400 female leaders, celebrities, activists and academics from across the world have written to Boris Johnson to demand equal representation at the highest level of the COP26 climate summit. In September, it was revealed that not one of the top positions at the key Glasgow summit was to be filled by a woman. At the time, the SNP branded the UK Government’s all-male team an “unthinkable” exclusion of women, and said moving towards gender balance was the “least it could do”.