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Carbon permit prices tumble after Germany’s Merz demands emission trading overhaul

European Union carbon permit prices have fallen significantly following remarks by German Chancellor Friedrich Merz indicating that he may support an overhaul of the EU’s emission trading system (ETS). The price for one ton of carbon dioxide (CO2) equivalent fell by 10 per cent to €71.40 today – the lowest in almost half a year - after Merz's comments on February 11.