Analysts have slashed their price forecasts for European carbon prices after Britain's decision to leave the European Union raised questions about the future of the European Emission Trading System (ETS), a Reuters poll showed on Friday.
Analysts have cut their forecasts by 9-18 percent and now expect prices to average 5.46 euros per tonne in 2016, 5.59 euros per tonne in 2017 and 6.02 euros per tonne in 2018 for EU Allowance (EUA) futures, the poll of eight analysts showed. In April, analysts had forecast prices of 6.02, 6.78 and 7.10 euros per tonne. Benchmark European carbon prices have fallen almost 20 percent to around 4.70 euros since Britain voted to leave the EU on June 23 amid fears the country could exit the scheme...............................................Full Article: Source
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