The Financial Times reported on February 25 that since the outbreak of the global financial crisis, the EU carbon price has fallen to a very low level. To this end, European parliamentarians have recently proposed major measures to repair the EU carbon market, that is, to implement the carbon reserve plan from 2018. Carbon prices rose to 7.86 euros per ton on the day.
The European emissions trading market is the world's largest carbon cap-and-trade market, but since the 2008 economic crisis, the price of carbon trading in the European market has fallen from 30 euros per ton to about 7 euros at present. The low price of carbon trading has affected the enthusiasm of EU enterprises to implement emission reduction. In order to reverse the situation, the European Union recently proposed to classify the excess carbon emission permits in the market as reserves and reduce the supply of emission permits in the market in order to raise the trading price. Affected by this, the price of carbon trading in the European market began to rise.
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