Carbon and commodities

EU could shut the window on the carbon market

Will investors clean up?

Banks warm to green products “The carbon price today is moving in sympathy with oil,” says Emmanuel Fages, carbon markets analyst at Société Générale. “To a large extent this is simply because the market sees EUAs and CERs as part of the energy complex, so if energy prices go up, CO₂ goes up with it. The relationship is based on the fact that when oil rises, gas also becomes more expensive.