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UN carbon price forecasts to 2020 cut further

Posted on 03 October 2012

Analysts cut their price forecasts for United Nations’ carbon permits to 2020 further on Tuesday as over-supply continued to put pressure on prices, a Reuters poll of 14 analysts showed.
UN carbon permits, called certified emissions reductions (CERs), have lost more than 70 per cent of their value over the past year on the continued over-supply of permits, low demand due to the global economic downturn and concerns about restrictions on CER use in other countries’ carbon markets………………………………………..Full Article: Source


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