EU ETS Sees Record Low Prices: What’s Driving the Plunge?
February 14, 2024Created By: Arpit Beniwal
Key Takeaways Amid fear of recession and decreased emissions, the European carbon prices reached record low. Strong positive correlation observed between EUA and gas prices, with gas price declines influencing EUA trends. Gas usage in power generation rises, replacing coal, while renewables like hydro and wind drive emissions reduction. Short-term…