EU carbon prices have doubled to EUR 50 (around USD 60) per tonne in the past 12 months. By 2030, global carbon prices need to increase to USD 160 per tonne to meet current climate change targets, according to Wood Mackenzie1 . As the European Commission (EC) prepares to launch its Fit for 55 legislative package to support the EU Green Deal, there will be more support for higher carbon prices. As more countries and corporates sign up to net zero, more regulation will follow.
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