EU carbon prices could fall below Eur15/mt in 2020: Berenberg

摘要

London—EU carbon allowance prices could drop below Eur15/mt this year as the market struggles to absorb an increasing volume of EUAs sold at auction in the coming months, according to Berenberg Bank analyst Lawson Steele. "We have to get over this hump," Steele said, referring to higher auction volumes in the next few months. "We could see carbon prices below Eur15 again before it begins to pull up again." "Longer term, I still see carbon rising to Eur65/mt [in 2023], and I can see it eventually going to triple digits." Steele had been forecasting prices to rise to near Eur40/mt later this year.