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This article is part of our special report EU carbon market reform. High gas prices, combined with a recent decision to raise the EU’s climate goals for 2030, have combined to form a “perfect storm” on the EU carbon market, according to a market analyst who predicts a carbon price of €90 per tonne by the end of the decade. Florian Rothenberg is an analyst on EU power and carbon markets at ICIS, an independent commodity intelligence services firm. He spoke to EURACTIV’s energy and environment editor, Frédéric Simon. INTERVIEW HIGHLIGHTS: Current high carbon prices on the EU ETS are driven by: 1) the 2018 ETS reform; 2) high gas prices, and; 3) expectations of a tighter supply of CO2 allowances until 2030.

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