German Vow to Cancel Permits Sends Carbon to 11-Year High
Comment of the Day

July 10 2019

Commentary by Eoin Treacy

German Vow to Cancel Permits Sends Carbon to 11-Year High

This article by Brian Parkin and Mathew Carr for Bloomberg may be of interest to subscribers. Here is a section:

“We’ve seen an encouraging rise in permit prices, so it’s no surprise that we see it as essential that the instrument continues to work as it should do,” Schulze said. “That’s logical. It makes no sense at all to implement an exit from coal here, only to export pollution licenses into the wider European system.”

And

“Scarcity is central to the aims of the European carbon trading market.”

Eoin Treacy's view

Regardless of how one feels about the merits of carbon credits there is no arguing with state sponsored bull markets.

 

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