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Barclays Increases 2010 C02 Price Forecast to 15.50 Euros
2010-09-16 11:17:53.689 GMT
By Mathew Carr
Sept. 16 (Bloomberg) -- Analysts at Barclays Plc raised
their estimate for European Union carbon allowance prices in the
second half of this year by 3.3 percent to 15.50 euros a metric
ton.
Trevor Sikorski, a London-based analyst at Barclays
Capital, estimated that the supply of Certified Emission
Reduction credits overseen by the United Nations will be 100
million tons, 23 percent lower than his previous forecast. A UN
decision to retroactively change its rules on credits from
hydrofluorocarbon-reduction projects "would set an appalling
regulatory precedent," he said today in a note to clients.
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Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
