Plenty has happened in the carbon industry since the start of 2023 and below is a quick overview.
European carbon credits break records
When wind farming was starting to enter conversations, the concept of a “wind drought” was often a joke made in passing. But the slowing of the winds in Europe has been partly attributed to a surge in carbon credit prices.
European allowances this week broke the €100 mark for the first time in its history. According to market reporting website Barchart, EUAs closed Monday at €99.99 before reaching €101 on Tuesday.
The EUA price roughly equals…
