By Mathew Carr
Oct. 19-21, 2021 — Tuesday night: I reckon there’s gotta be a good chance that British carbon pricing might be bolstered by the UN Glasgow climate talks, if other nations jump on board and the EU strategy on border adjustments plays out.
So, and this is not investment advice, Tuesday’s drop in UK and EU carbon might be a bit overdone / premature.
Both the UK and the EU will be under tremendous pressure from emerging countries to tighten their 2030 emission-reduction targets even more, during the Glasgow talks.
Net zero announcement: UK sets out plans to cut greenhouse gas emissions https://www.bbc.co.uk/news/science-environment-58899006
Wednesday night: Indeed prices rebounded Wednesday
Nice little profit on the tons bought at Wednesday’s British carbon auction on ICE.