Carbon market prices in Poland and Estonia emissions win

Although the court's decision is expected to weaken prices, Trevor Sikorski, a carbon analyst at Barclays Capital, does not expect to see any additional volumes coming onto the market until 2011 or 2012. "The market is going to have to price in this uncertainty," he says. "We think there will be much better price support by 2011 and 2012, when we will begin to see any extra volumes. This would take away a lot of the upside, meaning prices would be kept at more modest levels for much longer,"