Regulation

Price of EU carbon quotas climbs to all-time high

The price of European carbon quotas is soaring, as the shipping sector is on track to soon be included in the system. Right now it costs USD 42 to emit a ton of carbon, the highest price ever. Maersk has asked the EU for permission to not pay at all.
Photo: PR / Maersk
Photo: PR / Maersk
BY RITZAU AND SHIPPINGWATCH

The price of emitting carbon in the EU is at an all-time high. For years, the EU's Emission Trading System, ETS, has been described as a "fiasco" and as "bloated", but in recent months and weeks, the system has shown a whole different gravitas.

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