Skip to content
Magazine
Saturday, August 2, 2025
SUBSCRIBE
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
SUBSCRIBE

Analysts expect EC reforms to drive up carbon price

Shiva Singh by Shiva Singh
28 July 2021
in European Commission News

Brussels (Brussels Morning) Analysts expect carbon prices in the EU to rise in the wake of European Commission reforms intended to help reach new environmental goals.

Eight analysts who participated in a Reuters –run survey expect EU Allowances (EUAs) to average about 52 euro per tonne of CO2 this year, rising to roughly 62 euro per tonne in 2022. Their projection represents increases of 12.4% and 11.8%, respectively, compared to forecasts in April, the news agency reported.

By 2023, the expectation is that EUAs will average about 61 euro per tonne, up 9.4% compared to earlier predictions.

Under the EU Emissions Trading System (EU ETS), select sectors of the economy have to buy allowances for each tonne of CO2 they emit. The system is an integral part of the bloc’s plan to lower emissions 55% by 2030 compared to 1990 levels.

EC proposes new rules

Earlier this month, the European Commission proposed including the shipping sector in the scheme, lowering the number of EUAs provided for free and therefore speeding up the rate at which EUAs are removed from circulation each year.

In addition, the EC proposed to step up the removal of excess EUAs from the carbon market in order to avoid lowered prices.

Looking towards 2022-2023, the belief is that “the market will move in anticipation of the EU’s new policies coming into place”, ClearBlue Markets analyst Mourad Farahat declared.

Carbon prices in the EU jumped more than 60% this year to approximately 53.5 euro per tonne of CO2 in anticipation of the new EC rules. Analysts pointed out that the European Parliament and EU member states still need to discuss the Commission’s proposals and negotiate for up to two years before the new rules come into effect.

“The final design will be decided in policy negotiations that will start in earnest after the summer break and continue well into 2022, most likely into 2023”, according to the Refinitiv analysts.

Related News:

  • EU carbon price now more than 50 euro a tonne
  • Europe on brink of recession, analysts warn
  • Economists expect ECB to raise interest rates in 2024
  • Will The Pension Lifetime Allowance Increase In The UK? (What To Expect)
Next Post

French prosecutors raise corruption charges against Sarkozy ally Dati

Latest post

EU-elections-UK

EU elections: UK looks on from the “outside”

1 year ago
Galeries-Royales-Saint-Hubert

What Makes Galeries Royales Saint-Hubert an “Institution”?

1 year ago

Most Read

    Follow Brussels Morning
    Facebook Twitter Youtube Linkedin

    Browse Important News

    Belgium News
    Brussels News
    Culture and Society News
    Economy News
    EU Institutions News
    European Commission News
    European Council News
    European Parliament News
    Europe News
    Health And Fitness News
    Southeast Europe News
    Sustainable Perspective
    World News
    Diplomacy News
    US Elections News

    About Us

    Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

    More Info

    • About Us
    • Advertise With Us
    • Contact Us
    • Cookies Policy

    Join Our Newsletter

    Brussels Morning Newspaper – All Rights Reserved © 2024

    No Result
    View All Result
    • Home
    • About Us
    • Belgium News
      • Belgium Police News
      • Brussels News
    • Brussels Bubble
      • European Parliament News
      • European Commission News
      • European Council News
    • Wider Europe
      • Member States
    • World News
    • Business & Society
    • Europe With Transparency
    • Culture & Society
    • Policy Talks
      • Place de la Bourse
      • The Macro-Economist
      • Sustainable Perspective
      • Ambassador’s Corner
      • The American Angle
      • Southeast Europe
    • Print Magazine

    Brussels Morning Newspaper - All Rights Reserved © 2020

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT