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Analysts cut near-term carbon price forecasts as British supply looms

"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."

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