05.03.2014 - EU carbon senses a renaissance
The European Emission Trading System is set to change radically on March 12, after EU ministers approved last week a regulation to delay 900 million carbon permits from 2014-16 to 2019-20. The measure known as ‘backloading’ will tighten the market balance significantly, after a period of abundant supply of emission allowances (EUAs) and dwindling carbon prices. EUAs have already gained 40 per cent to €7/t since the start of the year, in anticipation of the auction curbs. Prices are likely to rise further once backloading begins, as it will more than halve the supply of new carbon permits...............................................Full Article: Source
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