Carbon market heading for historic tipping point

The EU is facing “a complete break from the historical relationship where lower gas always meant lower carbon,” Goldman’s Michele Della Vigna said. — Reuters

COPENHAGEN: The cost of emitting carbon dioxide into the atmosphere is set to decouple from gas prices in the European Union (EU), marking an historic shift in the dynamic between the two markets, according to the Europe, Middle East and Africa head of natural resources research at Goldman Sachs Group Inc.

The EU is facing “a complete break from the historical relationship where lower gas always meant lower carbon,” Goldman’s Michele Della Vigna said in an interview.