The jump in electricity prices pushes up the rate of CO2 emission allowances
21:45
The certificate entitled to emit a tonne of CO2 costs almost €90. This is a record lot. Electricity prices across Europe are also at exorbitant levels.
The price of certificates has tripled since the beginning of this year. In early January, the rate was around €33 per tonne.
Certificates become more expensive because the market expects an increase in demand for energy from coal – and thus also a greater demand for CO2 emission allowances. Europe has problems with access to other energy sources, especially gas, after the main supplier – Gazprom – has limited the supply of this raw material, explaining it with the need to replenish its stocks in Russia.
Some EU Member States have long pointed out that the current emissions trading system is too open to financial investors and that, in the face of energy crises like today, there is a risk of speculation.
Rising allowance prices are driving up the price of coal-based electricity. According to the calculations of the analysts of the Brokerage House of Bank Pekao, CO2 certificates are already three-quarters of the cost of electricity generation in Poland.
