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:

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