The price of carbon certificates has exceeded 30 euros per tonne, and analysts expect an even higher price increase over the next year, according to Carbonexpert.

”This morning 08.12.2020, the ICE ECX exchange in London opened with € 29,69 / tCO2. Last Friday, 04.12.2020, the EUA price reached the threshold of 30 €/tCO2,” analysts said.

”Unfortunately, following the announcement of the European Commission in 18.11.2020, by which the free allocation for 2021 will possibly delay a few months after compliance, we expect a difficult situation for EU ETS companies that have to buy EUA certificates. As a result, polluting companies can no longer get cash to buy the necessary compliance certificates for 2020 from the sale of future allocations. We recommend that you check the financial capabilities so that you can buy the CO2 certificates until 30.04.2021 at a price that is approaching the threshold of 30 €/ tCO2, as we do not expect it to decrease,” experts added.

The EU Emissions Trading Scheme (EU ETS) is the EU’s main policy on combating climate change, and is also the world’s largest system for capping and trading greenhouse gas emissions. For total emissions from industrial sectors with a high level of emissions, a limit, or ceiling, has been introduced, which is reduced over time. The cap restricts the emissions of more than 11,000 energy-intensive installations across the EU, covering about half of the volume of greenhouse gas emissions. These installations receive emission certificates or buy them at auctions, but can also sell them, depending on their own needs. Each certificate represents the right to emit one tonne of carbon dioxide (CO2) equivalent. Each year, installations must return a number of certificates equal to the amount of carbon dioxide equivalent (CO2e) emitted.