Benchmark EU carbon price rises to highest in more than five years
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Carbon prices have been rising steadily this year after reforms to tighten supply in the market were agreed by EU lawmakers.
* Benchmark European Union carbon prices rose to 8.77 euros a tonne at 1209 GMT, their highest level since November 2012
* Carbon prices have been rising steadily this year after reforms to tighten supply in the market were agreed by EU lawmakers
* Analysts have raised their forecasts for carbon prices due to market reforms to curb oversupply and the possibility Germany will ditch its 2020 climate targets.
* This week, European lawmakers approved draft measures to raise the bloc’s renewables and energy saving goals
Source: reuters
