Bloomberg News

EU Will Take Two Years to Fix Carbon Market, Bofa’s Schels Says

November 22, 2012

European Union lawmakers will probably take one or two years to fix an oversupply in the bloc’s carbon market as they deal with more urgent economic and political problems, according to Bank of America Corp.

“With what’s happening with Europe, given the huge problems Europe has, I don’t see policy makers focused on this,” Sabine Schels, an analyst at the bank, told delegates today at the Emart energy conference in Amsterdam. “There’s not enough political will.”

To contact the reporter on this story: Mathew Carr in London at

To contact the editor responsible for this story: Alessandro Vitelli at

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