EU carbon prices are set to average €35-40 ($41-46) per tonne over the period 2019/23, accelerating the transition from coal to gas, according to a report by independent financial think tank, the Carbon Tracker Initiative. The research found that carbon prices are likely to hit €25 by the end of 2018, around €7 more than the current price on the EU Emissions Trading System. Putting a price on carbon is becoming increasingly common within corporations and governments as the impact of climate change – and the related economic losses – is becoming more and more tangible. “Coal is not going away any time soon,” said Tom Burke, director at Climate Advisers, an energy and climate policy consultancy in London.
EU carbon prices are set to average €35-40 ($41-46) per tonne over the period 2019/23, accelerating the transition from coal to gas, according to a report by independent financial think tank, the Carbon Tracker Initiative. The research found that carbon prices are likely to hit €25 by the end of 2018, around €7 more than the current price on the EU Emissions Trading System. “Coal is not going away any time soon,” said Tom Burke, director at Climate Advisers, an energy and climate policy consultancy in London.