EU Carbon Permits Drop 8% as Lawmakers Again Surprise the Market With Overlapping Policy (3)

Tightening renewables and energy efficiency targets can reduce the need for factories and power stations to buy CO2 allowances.

The downside was the result of the EU announcing a proposal to sell €20 billion worth of EUAs to help pay for renewable energy investments to accelerate the transition away from Russian energy products, Redshaw Advisors Ltd said by email.

Wall Street Journal take:

https://apple.news/ALmIfqhn7SN-DwZ4JcLiWcA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s