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Weak demand to keep lid on EU carbon price in 2024

The downward trend in the EU carbon price since early 2023 has been driven by lower demand for pollution permits on the back of industrial weakness and growth in cleaner energy sources. With energy-intensive activity in the bloc set to stay weak, and renewables to get a shot in the arm from lower interest rates, the market fundamentals argue against any sustained resurgence in the carbon price this year.

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