#Latest news with #RedshawAdvisersReuters19-05-2025BusinessReutersBritish benchmark carbon price rises on EU link talksLONDON, May 19 (Reuters) - The benchmark British carbon price rose more than 6% on Monday after Britain and the EU signalled they would work towards linking their emission trading systems. Both the EU and UK charge power plants and other industrial entities for each ton of carbon dioxide they emit as part of wider efforts to cut emissions and reach climate targets. The benchmark UK allowance (UKA) contract was up 6.5 pounds at 51.50 pounds ($68.85) a metric ton by 0908 GMT. Prices in the UK are currently lower than those in the EU and analysts said that linking the two schemes would be likely to result in higher UK prices. "Linking the schemes would drive UKA prices ... to parity with EU allowance (EUA) prices," Redshaw Advisers analysts said. The equivalent EUA benchmark contract is trading around 70.35 euros ($79.24) /ton. ($1 = 0.7481 pounds) ($1 = 0.8879 euros)
Reuters19-05-2025BusinessReutersBritish benchmark carbon price rises on EU link talksLONDON, May 19 (Reuters) - The benchmark British carbon price rose more than 6% on Monday after Britain and the EU signalled they would work towards linking their emission trading systems. Both the EU and UK charge power plants and other industrial entities for each ton of carbon dioxide they emit as part of wider efforts to cut emissions and reach climate targets. The benchmark UK allowance (UKA) contract was up 6.5 pounds at 51.50 pounds ($68.85) a metric ton by 0908 GMT. Prices in the UK are currently lower than those in the EU and analysts said that linking the two schemes would be likely to result in higher UK prices. "Linking the schemes would drive UKA prices ... to parity with EU allowance (EUA) prices," Redshaw Advisers analysts said. The equivalent EUA benchmark contract is trading around 70.35 euros ($79.24) /ton. ($1 = 0.7481 pounds) ($1 = 0.8879 euros)
19-05-2025
