| From Commodities-now.com: The global economic recession will have a significant effect on the European carbon market, nearly halving the shortfall in EU Allowances (EUAs), according to a new projection in the latest weekly report from IDEAcarbon, a leading carbon market analysis and research firm.
In December 2007 IDEAcarbon estimated the Phase II shortfall in EUAs would be 206 million tonnes per year of CO2 equivalent. However, the onset of recession has cut this forecasted shortfall by 44% to 115 million tonnes per year between 2008 and 2012, according to IDEAcarbon's latest figures..... Full Article: Source
|