Carbon emission prices have soared through December to record highs above 90.00, driven by strong technical buying and measures announced by Germany's new coalition government to align Germany's decarbonization pathway to 1.5C. In November, representatives of the German ruling party announced that they would not allow prices to drop below €60.00. This contributed to the acceleration of the upward move and as a result price broke above psychological limit of €80.00. In addition, the ongoing economic recovery, higher gas prices and diminishing omicron concerns have also positively impacted the price of coal.
EMISS price surged more than 525% since March 2020. Source: xStation5
