European Union carbon prices may rise as much as 15 percent for the eight year through 2020 if Germany decides to permanently cancel extended use of its nuclear fleet, according to Bloomberg New Energy Finance.
If Germany never reopens the seven reactors suspended earlier this week and closes its 10 newer reactors by 2021, the carbon price may average 38.50 euros ($53.92) a metric ton in the period from 2013 through 2020, said Matthew Cowie, an analyst at New Energy Finance in London. That compares with the 33.40 euros predicted before last week’s earthquakes and tsunami in Japan for the trading period known as phase three.
