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BofA Predicts Surge in EU Carbon Prices to USD 112/Tonne Amid Energy Shock from Iran Conflict

1w ago October 23, 2026 1 min read 📰 Iran Herald
📋 Key Takeaway

BofA Global Research predicts that European carbon prices may rise to USD 112 per metric tonne this winter due to increased coal usage driven by high natural gas prices linked to the Iran war. This situation reflects the broader energy supply shock affecting global markets, exacerbated by geopolitical tensions. The implications for Iran are significant as they highlight the interconnectedness of its conflicts with global energy prices.

🔍 Quick Context Guide
💡 Bottom Line: The conflict in Iran is contributing to rising energy prices in Europe, which could have significant implications for carbon markets and climate policy.

👥 Key Players

Bank of America (BofA) Global Research MENTIONED
Financial research institution
"Their predictions can influence market expectations and investor behavior regarding carbon pricing and energy markets."
Iran MENTIONED
Nation involved in ongoing geopolitical conflict
"Iran's conflicts have significant implications for global energy supply and prices, particularly in relation to natural gas."
European Union (EU) MENTIONED
Political and economic union of member states
"The EU is a major player in global carbon markets and its policies directly affect carbon pricing and energy consumption."

📰 What Happened

BofA Global Research forecasts that European carbon prices could rise to USD 112 per metric tonne this winter due to increased coal usage prompted by high natural gas prices linked to the Iran conflict. This situation reflects a broader energy supply shock affecting global markets.

  • European carbon prices are expected to reach USD 112 per metric tonne this winter.
  • High natural gas prices are driving power generators to increase coal usage, leading to higher emissions.

💡 Why It Matters

🇮🇷 For Iran: This situation highlights Iran's role in global energy markets and the economic repercussions of its conflicts.
🌍 Regional: Increased energy prices may exacerbate tensions in the region and affect energy security for neighboring countries.
🌐 International: Higher carbon prices could influence global climate policies and energy strategies, particularly in the EU and beyond.

📚 Background

The ongoing conflict in Iran has disrupted energy supplies, leading to higher natural gas prices and increased reliance on coal, which in turn affects carbon pricing in Europe.

Geopolitical conflicts and energy supply Carbon pricing mechanisms in the EU
📡 Source: INTERNATIONAL
📊 Confidence: 70%
BofA Global Research is a reputable financial institution, but their forecasts should be interpreted within the context of market speculation and economic modeling.

New Delhi [India], October 23 (ANI): European carbon prices could rise to 100 (USD 112.12) per metric tonne this winter as high natural gas prices linked to the Iran war encourage power generators to increase coal use, pushing up emissions, according to a report by BofA Global Research.The report said the energy supply shock had driven global prices to their highest levels since Russia's invasion of Ukraine, wit

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Translated from the original and edited for English readers. View original source →

Translation confidence: 100%

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