EUAs set to reach more than €150 by 2030 as allocation adjustment and additional supply needed by 2029 –analysts

EUA prices are set to track higher over the remainder of the carbon market's current trading phase, reaching more than €150 by 2030 amid a tightening annual cap that will require cross-sectoral culling to free allocation, while attention will switch to deciding the EU’s 2040 climate target and decarbonising industry, according to analysts.