Deferred Phase 3 Carbon Sales May Delay Price Fall, BNEF Says
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Delays in selling about 30 million carbon permits that were scheduled to be sold this year could push back an anticipated decline in prices, according to Bloomberg New Energy Finance.
The Czech Republic, Poland, Ireland, Estonia and Belgium all failed to complete preparations in time to participate in auctions that run through Dec. 18, according to a schedule of sales published by the European Energy Exchange AG on Dec. 3. They may still not be ready to start selling when the third phase of the bloc’s carbon market begins next month, analysts including James Cooper at Bloomberg New Energy Finance in London said yesterday in an e-mailed report.