POLL: Analysts slash EUA forecasts on gloomy outlook following price rout

EMEA > POLL: Analysts slash EUA forecasts on gloomy outlook following price rout

POLL: Analysts slash EUA forecasts on gloomy outlook following price rout

Published 03:59 on February 9, 2016 / Last updated at 00:13 on July 11, 2016 / EMEA, EU ETS / No Comments

Analysts have slashed their estimates for EU carbon prices across the board, cutting some of their forecasts by as much as two-thirds following the recent EUA crash and amid wider fundamental and macroeconomic weakness.

Carbon Pulse initially collected analysts’ EUA forecasts in early January for the Q1-2016 poll, but in light of the precipitous fall in prices that was taking place during that time, a decision was made to delay the poll until the market stabilised somewhat. This was in order to preserve the survey’s relevance by giving any analysts who wished to revise their estimates time to do so.

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