Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EU May Cut Carbon Supply 20% More Than Expected, New Energy Says

Don't Miss Out —
Follow us on:

Nov. 5 (Bloomberg) -- The European Commission, regulator of the world’s biggest carbon market by traded volume, may next week propose a temporary cut in supply that’s 20 percent more than expected.

The volume of European Union carbon allowances to be delayed in the phase starting next year proposed by the commission on Nov. 14 may be 900 million metric tons, compared with about 750 million tons expected by traders in a survey last month, Konrad Hanschmidt, an analyst at the London research company, said today in an e-mailed research note.

There is a perception among some traders that “the volume to be announced is more likely to be above the market’s expectations,” Hanschmidt said.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.