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Analysts raise EU carbon price forecasts on market reform plans

LONDON, July 27 (Reuters) - Analysts have raised their European carbon market average price forecasts after the European Commission unveiled a package of policies to implement its climate targets, including reforms to limit the number of carbon permits available.

EU Allowances (EUAs) are expected to average 52.01 euros a tonne in 2021 and 62.26 euros in 2022, a Reuters survey of eight analysts showed. That is up 12.4% and 11.8% respectively from forecasts made in April.

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