EU CO2 fuel switching price of Eur35/mt could arrive before Q2 2020: SocGen

摘要

London—EU carbon dioxide allowance prices could push higher to an estimated coal-to-gas fuel switching price of Eur35/ mt before the second quarter of 2020, according to research released Wednesday by Societe Generale. The potential for further upside comes as carbon prices close in on the Eur30.00/mt ($33.44/mt) mark for the first time since 2006. EU Allowance futures contracts for December 2019 delivery on the ICE Futures Europe exchange hit a 13-year intraday high of Eur29.95/mt Wednesday, before easing to Eur29.10/mt by the afternoon.