Point Carbon lowers EUA forecast

According to Point Carbon, challenges to international negotiations and a low likelihood of a legally binding agreement at the upcoming Copenhagen summit has contributed to the revision in market policies. The impact of the recession on emissions prices has also been cited as a contributing factor.

"The large difference between EU and US positions in the negotiations reduce the likelihood of a satisfactory agreement – from the EU's point of view," says Kjersti Ulset, head of European carbon anal