Deconstructing the European carbon market's price slump
The price of emissions in the world\u2019s largest compliance carbon market \u2013the EU\u2019s Emissions Trading System\u2013 has fallen sharply so far in 2024, driven by economic uncertainty, weaker industrial activity and lower gas prices.
S&P Global Commodity Insights' experts Eklavya Gupte, Coralie Laurencin, Michael Testa and Scott Chen discuss the reasons behind this decline, the outlook for EU ETS prices, and what this slump could mean for short- and long-term climate and energy policy.
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