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For the first time since the European Union introduced the CO2 emission rights, the price of 100 euros per ton of CO2 was exceeded on Tuesday. The leading EU Allowance contract briefly peaked at 101,25 euros. A milestone reflecting the increased price factories and power plants have to pay when they pollute.The European Union intends to reduce CO2 emissions to 55% below 1990 levels by 2030, and, therefore, introduced the emission allowance system in 2005 as one of the most important weapons to encourage the industry, the energy sector, and airlines to opt for ‘green’ choices.This content has been archived.…<\/p>\n","category_list_v2":"Climate<\/a>, Energy<\/a>, Environment<\/a>, Industry<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Hilde Van Raemdonck","url":"https:\/\/newmobility.news\/en\/author\/hilde-van-raemdonck\/"},"comments_num_v2":"0 comments","yoast_head":"\nCosts of CO2 emission rights break through \u20ac100 per ton ceiling - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2023\/02\/22\/costs-of-co2-emission-rights-break-through-e100-per-ton-ceiling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Costs of CO2 emission rights break through \u20ac100 per ton ceiling - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"For the first time since the European Union introduced the CO2 emission rights, the price of 100 euros per ton of CO2 was exceeded on Tuesday. 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