Image: Funds EuropeWhat fund managers need to know about reform of the Emissions Trading System - Funds Europe
β’ European Union Allowance (EUA) prices have dropped significantly, falling from approximately β¬90/tCO2e in January to below β¬65/tCO2e by March. β’ This price decline is primarily driven by market uncertainty surrounding the upcoming reform of the EU Emissions Trading System (EU ETS). β’ The volatility matters for fund managers as it impacts the cost of carbon permits that companies must hold to cover their COβ emissions.
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