That price, calculated by Bloomberg New Energy Finance, is much higher than most people will be expecting.
Guy Turner, director of commodity research at Bloomberg, tells Recharge that until now, the EU Allowances — currently languishing at €12-13 — have been too depressed to spur investment in low-carbon technologies.
Government feed-in tariffs have been driving the renewables market. “By 2020 and beyond, if our calculations are correct, these prices could start to incentivise renewables in their own right,” Turner says.
The
