Record carbon prices in Europe last week are a clear message that COP26 has super-charged the drive for decarbonisation and will add hugely to future shipping costs. Global investors have since the climate summit piled into European Union carbon allowances, driving the price to more than €90 ($102) per tonne and leading analysts to speculate that €100 is on the horizon.
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Post-COP26 carbon price hikes should spur shipping into action
Green observers may feel the UN climate talks lacked ambition, but the subsequent hikes in carbon trading price suggest otherwise
15 December 2021 6:45 GMT
Updated
15 December 2021 6:45 GMT
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in
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