European Union Emissions Allowances under the Emissions Trading Scheme (ETS) are likely to trade around Eur24/mt of C02 over the 2018-20 period as the market shifts from oversupply to a “moderate” shortfall of allowances, Italy-based energy research firm REF-E told Platts Steel Business Briefing Friday. Despite a possible increase in the EU CO2 emissions reduction target from the current 20% to 25% or 30% by 2020, the EU ETS faces an annual surplus of emissions allowances is likely to continue until 2015, REF-E's data show.
展开▼
