EU Considering More Transparent Carbon Market Reporting – Draft

The European Union is considering making more information available on trading in its carbon market, according to a draft document, amid calls from some governments to limit financial speculators’ participation in the scheme.

Tougher EU climate targets and high gas prices leading some power generators to switch to higher-emitting coal have helped to drive a jump in carbon prices in recent months. Permits in the EU carbon market hit a record high of 98.49 euros a tonne this month, having risen by about 150% in 2021.

View entirety: Reuters