Euro Markets: EUAs End Almost Unchanged as Carbon Tracks Swings in Gas, While UKAs Hold Above Key Level « Carbon Pulse

Euro Markets: EUAs end almost unchanged as carbon tracks swings in gas, while UKAs hold above key level « Carbon Pulse

EU carbon prices gave up a mid-morning rally to end Wednesday fractionally higher, after early strength driven by firmer natural gas and equities as well as the lack of a daily auction, with participants eyeing a recent upside resistance zone around €74.00, wile UKAs continued to hold on just above a key psychological level.

A carbon tax and some key policy challenges

A carbon tax will obviously help reduce carbon emissions and achievement of the net zero target, but it will also help raise the revenue needed to fund essential government services and promote Australia’s economic development.