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Value of EU ETS set to increase, says analyst

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The value of the EU emissions trading scheme (ETSi) will increase by 38% this year to €95 billion due largely to utilities buying allowances to cover their emissions from 2013, says market analyst Point Carbon. The volume of EU ETS allowances traded however is not expected to increase much. This is because the increase in trading from utilities will be cancelled out by the absence of “carousel” VAT fraud (see November 2009 Eurobrief), which falsely boosted volumes in 2009. Finance ministers approved an amendment to VAT rules in December.

A Point Carbon press release on global carbon market predictions can be found here:

http://www.pointcarbon.com/aboutus/pressroom/pressreleases/1.1393070