“Today’s outcome in Parliament should provide confidence to market participants that the auction volume will be reduced significantly this year, thereby providing a supportive signal for EUA prices in 2014, targeting €6.5/t to €7/t,” Marcus Ferdinand, head of EU carbon analysis at Thomson Reuters Point Carbon, said in a BusinessGreen article.
Analysts, though, calculate that carbon prices need to rise to €40/t to €50/t, or $54.6/t to $68.2/t, before we see meaningful large scale low carbon investments.
iPath Global Carbon ETN
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