Europe's carbon price reaches record high
Europe’s carbon price has reached a record high with analysts agreeing that the 100 euro milestone is now within reach.
Known as the EU emissions trading system (ETS), Europe's carbon market compels companies in carbon intensive industries to pay for each tonne of CO2 they emit.
On Friday (4th Feb 2022) the price of permits in the European Union's carbon market closed at a record high above 96 euros. By putting a price on pollution, the EU ETS provides a financial incentive for companies to cut emissions and invest in green technologies.
Euan Macalister, VP of Business Development commented; "At OPEX, we are committed to helping companies reduce emissions. With carbon prices rising by more than 200% since the start of 2021, we are helping our customers to achieve sustainability targets AND manage the bottom line.
"Our emissions.AI software unlocks emissions saving opportunities and empowers teams to contribute to decarbonisation goals, by lowering energy use, emissions and costs."