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Low Carbon Price Gains Cut Interest in Market, Barclays Says
2011-01-11 08:47:03.494 GMT
By Mathew Carr
Jan. 11 (Bloomberg) -- A lack of strong price rises in
European Union carbon-dioxide allowances has reduced interest in
the market, said Barclays Plc.
Permits for December have risen 3.9 percent in the past
year. That's reduced the market's appeal to investors, as well
as factories and power stations needing them for compliance,
Trevor Sikorski, a London-based analyst at Barclays Capital,
said in an e-mailed report dated yesterday.
"The added political failure to introduce meaningful
carbon prices in other geographies has resulted in scaled-down
interest in the market, with people and money exiting," he
said.
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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:
Rob Verdonck at +44-20-3216-4149 or
rverdonck@bloomberg.net
