S&P Global Says EU Carbon Prices Will Continue to Fall in 2024

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  • 04 Jan 2024
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S&P Global Says EU Carbon Prices Will Continue to Fall in 2024

S&P Global's 2024 forecast indicates a continued downward trend in European Union (EU) carbon prices. Despite volatility in 2023, ending lower than the previous year, analysts anticipate a bearish trend for 2024. This expectation is attributed to lower emissions in the power sector and an oversupply of gas, reflecting in gas prices. S&P Global predicts an EU carbon price range of EUR80.80 to EUR95.50 per metric ton of CO2 equivalent, with an average annual price of approximately EUR89.60. The projection is influenced by expectations of reduced industrial activity due to a potential slowdown in the European economy.

Source: Carbonherald