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Point Carbon Raises Forecast for 2011 EU CO2 Permits (Update1)
2010-12-08 18:11:17.491 GMT
(Updates with price revision details in second paragraph.)
By Catherine Airlie
Dec. 8 (Bloomberg) -- Point Carbon, the Oslo-based provider
of research on emission markets, said it raised its price
forecast for European Union emissions permits for next year to
22 euros ($29.10) a metric ton.
Point Carbon increased its forecast by one euro, Kjersti
Ulset, head of European carbon analysis, said by telephone from
Oslo. "We've changed our assumptions due to changes in supply
and demand predictions," she said.
The analysis company reduced its forecast for 2012 prices
by one euro to 25 euros a metric ton, it said in an e-mail.
Uncertainty of supply in that year, the last before power
stations will be required to buy most of their permits by
auctions, made it difficult to predict prices, it said.
"The exact timing of when this supply will come to market
is still uncertain and that makes the 2012 price correspondingly
challenging to predict," Anne Kat Brevik, a senior analyst,
said. Point Carbon forecast that by 2020 EU carbon permits would
reach 36 euros.
EU permits for December fell 12 cents, or 0.8 percent, to
14.67 euros a metric ton as of 5:15 p.m. on London's Ice
Future's Europe exchange.
For Related News and Information:
Top Power Stories: PTOP <GO>
Emissions Pricing: EMIS <GO>
To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss on +44-20-7073-3520 or sev@bloomberg.net
