Phase 3 of the European Union’s Emissions Trading Scheme (EU ETS) could see the price of an EU Allowance (EUA) rise from current levels of around €15 per tonne to €30 in 2013 and €40 in 2016, the market intelligence advisors forecast.
The increase, is vital for the EU to meet its current emission reduction targets of 20% below 1990 levels and any possible increased reduction targets that may be discussed at the UN’s Copenhagen summit this December, Point Carbon says.
The
