31 Aug '14, 11pm

Carbon prices to average €23 in the 2020, analysts say

EU carbon prices are set to more than treble to an average of around €23 a tonne during the 2020s, according to a new analysis. A new Thomson Reuters report on EU energy and climate policy published last week forecasts that stricter regulations driven by reform of the bloc's emissions trading system (ETS) will force up the price of permits known as EU Allowances (EUAs) from around €6/t today. FURTHER READING France underlines commitment to "legally binding" agreement at Paris climate summit Should we "green up" dirty energy technologies? From 2021 to 2030 it predicts EUAs will average €23 in real terms, but it counsels that the sharp increase in prices is highly dependent on proposed European Commission reforms that would adjust the amount of permits available in the ETS. It argues that without the creation of a Market Stability Reserve to control the supply of allowances,...

Full article: http://www.businessgreen.com/bg/news/2362609/carbon-price...

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