Refinitiv ups Q2 EU CO2 price forecast 8.7% to Eur25/mt

摘要

Financial analysis group Refinitiv has increased its Q2 EU carbon allowance price forecast to Eur25/mt ($27.96/mt), up Eur2/mt or 8.7% from its previous forecast in April. The more bullish forecast reflects an ongoing uncertainty over Brexit and the UK’s participation in the EU Emissions Trading System, which is causing a supply squeeze, according to Refinitiv analysts. “With the Brexit deadline extension to October, we think that the persisting Brexit limbo is turning into a supportive factor for EUA prices in the short term,” Refinitiv said in a note to clients Thursday.