no-deal brexit risk weighs on near- term eU CO2 price: Platts analytics

摘要

London—The risk of the UK dropping out of the EU carbon market this year has increased with Boris Johnson becoming Prime Minister, with carbon prices appearing to factor in that risk in August, according to S&P Global Platts Analytics. The binary nature of the Brexit outcome could therefore leave carbon prices exposed to upside if the UK and EU manage to find a last minute withdrawal deal, keeping the UK in the EU Emissions Trading System until 2020. “UK Prime Minister Boris Johnson’s ‘do or die’ approach to leaving the EU on October 31, combined with the recent decision to suspend UK Parliament starting in mid-September, has greatly increased the prospect that the UK could soon leave the EU ETS in a no-deal Brexit,” Platts Analytics said in a report Thursday.