"Analysts have lowered forecasts for the price of European Union carbon permits for 2020 as a restart to British auctioning of permits, expected following Brexit later this month, will swell supply. "Ben Evans, a market analyst at ClearBlue Markets said the 2019 allowances would likely all be sold in a few months ahead of the April-end compliance deadline. 'This is expected to add downward pressure to market prices over this quarter (Q1),' he said." Read the full Reuters article here

Read our EUA forecast for 2020 from our Market Analyst Ben Evans here or at Carbon Pulse.

California Carbon Offset (CCO) issuances will increase this year due to a large overhang of WCI-eligible credits awaiting approval by California regulator ARB at the end of 2019, analysts said Wednesday. According to a new report from Toronto-based analysts ClearBlue Markets, the ARB will distribute 52.4 mln CCOs in 2020, marking a significant shift from the 26.5 million offsets distributed by the California agency last year. CCO issuances last year plunged 50% from 2018 as a result of delayed forestry credit approvals, ClearBlue said. Read more about ClearBlue's offset issuance forecast here