EU carbon allowances shot above 73 euros a ton, after Germany’s new coalition government signalled a price floor at 60 euros a ton, potentially limiting the downside for traders.

Settled around 73.02 euros a ton, ICE said.

#EUETS #carbon record high as German coalition parties will set a national #CO2 floor of €60/t if the EU does not set one. Politicians are beginning to get it …
My €110 target: stick (likely will be exceeded)#EUETS #OCTT #CarbonCredits #ClimateNeutralEU #ClimateCrisis

— Lawson Steele (@LawsonSteele3) November 24, 2021

(Adds photo, 73 euros; Steele; Clarifies to say floor at 60 euros a ton)