Emissions become more expensive
The price for emitting one tonne of CO2 has more than tripled since the beginning of the year and now stands at 17 euros, Bernward Janzing writes in the taz. There is now hope that this climate action measure is finally working. When prices rise above 15 euros, the shift could begin from old coal to very new gas-powered plants, Felix Matthes from the Institute for Applied Ecology (Ökoinsitut) told the author. Prices were rising because traders were anticipating the future effects of a reform (market stability reserve) of the European Emissions Trading System (EU ETS), Carlos Peres Linkenheil from the Energy Brainpool consultancy explained.
Read the article in German here.