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Carbon reaches record high - 03-02-2022

Close price: There was a slight bounce back up in prices yesterday, following a sharp dip. This was mainly in response to gas flows through Velke reducing, with flows very inconsistent of late.

Opening price: Prices opened higher, but have since fallen back to levels similar to yesterday’s close, and settling. Carbon has ignored the rest of the settled market and is trading at a record high of nearly €95/tonne in the EUA market, £85 in the UK ETS.