Carbon traders foresee lacklustre market in 2010

Participants have forecast a flat market in 2010, with prices for European Union Emissions Allowances (EUA) and Certified Emission Reduction (CER) credits barely moving in a curve. Panellists speaking at the Point Carbon conference in Amsterdam this week believe the floor for CERs will be around the €8 level, which is generally regarded as cheap. Currently the December 2010 EUA contract is around €13 per ton of carbon dioxide equivalent (/t CO2e) and the same contract for CERs is around €11/t