On 23 April, closing price of China Emission Allowances (CEAs) hit a record high of RMB 100/t (EUR 13/t), which is 30% higher than the price at the start of 2024. This surge is due to the upcoming more stringent benchmarks for coal plants, coupled with the imminent compliance enforcement in China’s national ETS.
Why the sky high prices? Although CEA trading was relatively thin on a daily basis throughout March, the contracts that changed hands did so at ever higher prices: CEA closing prices successively broke records throughout March in a runup to reaching their…
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