The EU’s carbon price has climbed above €100 a tonne for the first time, in a landmark moment for one of the bloc’s key tools to fight pollution.
Allowances traded under the EU’s flagship emissions trading system (EU ETS) rose 2 per cent on Tuesday to hit an all-time high of €101 a tonne.
The threshold has been seen as psychologically important, and a price at which companies may start looking more seriously at investing in expensive emerging technologies such as carbon capture and storage.
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