Article: EU carbon price to reach €32 by 2030, short of required price for UK's net-zero target
The International Emissions Trading Association (IETA) has published its latest carbon pricing forecast and vowed to lobby for the net-zero transition by 2050 at the latest, while the Zero Carbon Commission is t calling for a UK carbon price of £75 per tonne by 2030.
Carbon pricing has proven a key sticking-point in debates around both the net-zero transition and delivering a low-carbon recovery from the Covid-19 pandemic Late last week, the IETA published a new net-zero vision, committing to only engage in lobbying activities aligned with the Paris Agreement. The body will engage with policymakers and businesses to promote “cap and trade” requirements and other market-based policies designed to create a strong economic incentive for the decarbonisation of high-emitting sectors.
