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20 Jul
11:40

Carbon prices to continue escalating: Fitch

Carbon prices in the EU are set to continue rising further in the coming years, mainly impacting the domestic metals industry, as the EU plans to further cut annual free carbon allocations, Fitch Ratings says. As part of the “Fit for 55” package presented by the European Commission, carbon allocations are expected to be cut annually by 4.2%, instead of the 2.2% annual cut currently in place. This acceleration of free allocation cuts is set to bring pri…
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