EU carbon credits prices have been rising dramatically as the COVID-19 lockdowns continue to ease globally.

The credits, one of the EU’s anti-pollution measures, have returned to the levels seen before the crisis, and as the EU seeks a ‘green’ recovery the bets are that they will be increasingly sought after, and are now trading at three times their pandemic low.

In addition, the political talk around recovery stimulus being linked to ‘green’ and sustainable policies mean that there is speculation that the credits will be even more valuable in the near future, and that the allowances for carbon could be cut further.

However, if the credits represent a sign that green is in, the doubling of oil prices from its lows of $20 a barrel show that recovery, whilst greener, might well be some way off be being environmentally sound.

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