EU Allowances are expected to average 81.40 euros a tonne in 2023 and 94.14 euros in 2024, a survey of six analysts shows
Analysts have increased their average price forecasts for EU carbon permits for the next three years on expectations that Europe’s economies could start to improve as energy prices fall from record highs.EU Allowances are expected to average 81.40 euros a tonne in 2023 and 94.14 euros in 2024, a Reuters survey of six analysts showed. That is up 4.2% and 1.9% respectively from forecasts made in October.
The sharp fall in energy costs is leading to expectations of an improved outlook for economies across Europe. The picture however is complicated by Europe’s “REpowerEU” plan launched last year, to sell an increased number of allowances through government auctions over the next few years to help raise 20 billion euros that would help fund the bloc’s transition away from reliance on Russian fossil fuels.
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