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Orbeo Forecasts EU Carbon Reserve Fund to Create 16% Excess
2010-09-02 08:50:20.755 GMT
By Mathew Carr
Sept. 2 (Bloomberg) -- Reserves of European Union carbon
allowances set aside for newcomers probably will exceed demand
by 16 percent, meaning spare permits will flow back to the
market, according to an analyst at Orbeo.
New Entrant Reserves in the EU, set aside by each country
to cover new factories and power stations covered by the world's
biggest cap-and-trade program, probably will amount to 546
million metric tons for the five years ending in 2012, Emmanuel
Fages, a Paris-based analyst at Orbeo, said today in a research
note. Excess reserves will be 88 million tons after allocation
and cancellations, he said. Orbeo is the carbon venture of
Societe Generale SA and Rhodia SA.
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To contact the reporter on this story:
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
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