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emission rights

Electricity market

What is causing the dramatic rise in the prices of emission rights?

The price of emission rights has doubled in the last six months. At the end of May, the right to emit one tonne of carbon dioxide into the atmosphere was priced at EUR 54, more than double the EUR 25 price at the end of last year. The change is striking compared with the trend from 2013 to 2018 when emission rights cost just EUR 5–10.