Barclays Plc scaled back its 2011 price forecast for European Union carbon, predicting lower emissions from factories and power stations and more permits coming to market from a reserve for new projects.
Barclays Plc cut its forecast for carbon prices because the market is “awash with supply” of permits and credits, said London-based analyst Trevor Sikorski.
The reopening of a link between Britain and Belgium may help slow declines in U.K. natural gas prices this week as maintenance starts on the only natural gas pipeline directly from Russia to Germany.
"The main reason would be higher demand from the power sector given the combination of the low prices and the carbon price floor."
- Trevor Sikorski on Aug 27, 2014
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