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Environment & Energy Report

Poland Seeks to Soften Carbon Market Rally as Utilities Hurt

Oct. 17, 2018, 7:31 PM

Poland is seeking to halt the rally in the European Union’s carbon emissions market.

Allowances have slumped to near their lowest in more than two months after Poland repeated calls for the bloc to intervene in favor of lower prices. That followed a more than doubling of carbon credits this year, which boosted costs for power generators and threatened profits at state-controlled utilities.

Polish Energy Minister Krzysztof Tchorzewski asked the European Commission Oct. 15 to call a meeting of the Climate Change Committee to discuss intervening in the carbon market, the world’s biggest by traded volume. Carbon dropped...

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