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Orbeo Revises Down CO2 Forecasts, Says Outlook 'Still Bullish'
2010-09-20 07:16:15.689 GMT
By Ewa Krukowska
Sept. 20 (Bloomberg) -- Orbeo revised down its forecast for
spot carbon permits in the European Union's emissions trading
program to 16.5 euros a metric ton in the fourth quarter from
the previous estimate of 19 euros.
The Paris-based carbon-trading venture of Societe Generale
and Rhodia SA said its outlook for prices was "still bullish,"
according to a research note dated Sept. 17.
Orbeo also lowered its forecast for spot carbon permits in
the EU to 19.5 euros in 2011 from 21 euros.
For Related News and Information:
Emission market news NI ENVMARKET <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
--Editors: Raj Rajendran, Stephen Cunningham.
To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-474-620-243 or
ekrukowska@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or
sev@bloomberg.net
