Economics
Barclays Cuts CO2 Forecasts as Market Is ‘Awash With Supply’
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Barclays Plc cut its forecast for carbon prices because the market is “awash with supply” of permits and credits, said London-based analyst Trevor Sikorski.
European Union carbon permits will average 12 euros ($16.39) a metric ton next year, 20 percent less than a Sept. 29 estimate, while the United Nations offset price was cut 23 percent to 7.75 euros, Sikorski said today in an e-mailed research note.