Analysts at Barclays Capital have predicted that Phase II of the European Union Emissions Trading Scheme (EU ETS) will have a surplus of 23 million allowances over its five-year phase.
The surplus has been attributed to a sharp contraction in Europe's economy, which has led to lower than expected emissions in 2008.
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Quant Finance Master’s Guide 2019
- Credit risk quants are hitting the tech gap
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?