Analysts have raised their average price forecasts for EU carbon permits for the next three years after the EU gave green light to the bloc’s carbon market reforms, but warned prices could remain volatile along with swings in European energy costs.
EU Allowances (EUAs) are expected to average 86.17 euros a tonne in 2023 and 96.19 euros in 2024, a Reuters survey of seven analysts showed. That is an increase of 5.9% and 2.2% respectively from forecasts made in January.
The forecast for average prices in 2025 rose by 2.5% to 104.84 euros per tonne.
