Bloomberg News

Carbon May Fall Below 6 Euros by Dec. 13, Deutsche Bank Says

November 16, 2012

European Union carbon permits may drop below 6 euros a metric ton before a vote on plan to temporarily fix the market glut set for Dec. 13, according to Deutsche Bank AG.

Isabelle Curien, an analyst at the bank in Paris, forecast prices will trade from 6 euros a ton to 8 euros a ton in the period, according to an e-mailed research note.

“However, given the very large volume of allowances coming to market in coming weeks, particularly from the pool of 120 million Phase-3 allowances to be auctioned early, we think there is a risk that prices could fall below 6 euros a ton in the short term,” she said.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Rachel Graham at rgraham13@bloomberg.net


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