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European carbon benchmark price hits all-time-high, surpassing 70-euros mark Updated: 2021-11-23 11:38:21 KST

The European benchmark price for carbon permits has surpassed 70-euros per ton, hitting a new record high.
Monday was the sixth consecutive business day that European Union Allowances, set an all-time high, reaching as much as 71.21 euroes per ton.
Market watchers point out that colder weather and less wind power output across Europe has increased fossil fuel use in power generation .
This, they explain has boosted demand for European carbon permits.
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