Analysts expect EC reforms to drive up carbon price

Analysts expect EC reforms to drive up carbon price

Analysts expect EC reforms to drive up carbon price — — -Brussels (Brussels Morning) Analysts expect carbon prices in the EU to rise in the wake of European Commission reforms intended to help reach new environmental goals.

Eight analysts who participated in a Reuters –run survey expect EU Allowances (EUAs) to average about 52 euro per tonne of CO2 this year, rising to roughly 62 euro per tonne in 2022. Their projection represents increases of 12.4% and 11.8%, respectively, compared to forecasts in April, the news agency reported.