A
price rise in the emission trading market should be
welcomed as it would trigger emissions reduction. However,
prices of EU allowance seem to be rising not only due
to excess demand, but also because of the entry of financial
firms wanting to play with this new commodity, carbon,
and the tradable securities deriving from it.
*
This article was originally published in the Frontline
Print edition:
October 8, 2021.
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