| Uncertainty over Britain’s future participation in the European Union carbon market led Bloomberg New Energy Finance to cut its outlook for pollution prices by 14 percent following the decision by U.K. voters to leave the EU.
BNEF analysts forecast on Wednesday that allowances to discharge carbon dioxide in the EU will cost 5.90 euros a metric ton on average in 2016-2019, compared with the previous forecast of 6.90 euros in February, four months before the U.K. referendum won by supporters of Brexit. Britain is the 28-nation bloc’s third-biggest emitter...............................................Full Article: Source
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