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Greenhouse gas emission rights decline in September, but remain elevated

The price for Greenhouse Gas Emission Rights witnessed a decline to €81.90 per ton of carbon dioxide within September 2023, according to data obtained by CNA.

The price remains elevated, marking an approximately 9% increase compared to the beginning of the current year when it had dropped to €75.27.

Specifically, the price of emission rights in the European Union Emissions Trading System (EU ETS), commonly known as the "Emissions Exchange," which governs the allocation and trading of Greenhouse Gas Emission Rights throughout the EU, decreased by 1.8% at the end of September, reaching €81.90 per ton of carbon dioxide (tCO2), down from €83.42 per ton at the beginning of the month.

In comparison to the end of August 2023 when it had closed at €85.52, the price for emission rights saw a decrease of 4.2%.

The price for emission rights in the European Emissions Exchange marked a substantial increase within 2021, surging by 128.3% and reaching €74.57 per ton of carbon dioxide by 20 December of the same year.

(Source: CNA)

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