Our Managing Director of Markets Nicolas Girod was recently quoted in a Market Voice article on risk management in the global carbon markets.
Many analysts and industry experts expect the price of carbon to rise even further this year, breaking through the psychologically important threshold of €30.
“While the addition of supply from the U.K. will add some bearish pressure in the short term, we are coming to the end of the third phase of EU ETS and this will see increased demand from industrials, especially those that in the past borrowed future free allowances. This will not be possible for the compliance year 2020 and therefore these participants will need to be active, which will support prices,” said Nicolas Girod, managing director of markets at carbon consultancy ClearBlue Markets. “We forecast that prices will end the year above €30.”
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