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European carbon prices tumble, failing to scale new highs as gas drops

Wednesday 11 May 22 10:30am

THERE may be no fresh risks of an escalation in the Ukraine war and in the standoff between the EU and Russia regarding its fossil fuels, but recession fears spilled over to the carbon market. The price of a ton of CO2 equivalent within the EU ETS fell more than 5% after challenging recent record highs.

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