The value of the global carbon market will rise 15 percent this year to 46 billion euros ($63 billion), driven by the European Union’s plan to postpone sales of pollution permits, according to Bloomberg New Energy Finance.
Matthew Gray, senior lecturer as the center for Arab and Islamic Studies at Australian National University in Canberra, comments on the United Nations decision to impose a no-fly zone and other military action in Libya.
Jefferies Group Inc. boosted its forecast for European Union carbon permit prices in 2014 by 11 percent after the regulator proposed yesterday to temporarily cut supply in the three years through 2015.
Interest in United Nations emission credits for 2011 and 2012 has waned after prices dropped to a two-year low and traders began to transfer positions into later years to avoid an oversupply exacerbated by the recession.
European Union carbon permits rose to their highest in almost three weeks as the environment committee of the bloc’s parliament prepared to vote on a measure to temporarily cut supply of the certificates.
Mercuria Energy Trading SA’s investment in a Romanian energy producer shows how traders are looking to benefit from the country’s emergence as a natural gas exporter in a less-regulated Eastern European market.