Analysts have trimmed average price forecasts for EU carbon permits for the next three years on expectations of lower demand from the power sector as renewable generation increases and the outlook for European industry is dull.
According to a Reuters survey of six analysts, EU Allowances (EUAs) are expected to average 85.58 euros ($96.00) a metric ton in 2023 and 92.68 euros in 2024. That is down 0.7% and 3.6% respectively from forecasts in April. The forecast for average prices in 2025 fell to 100.28 euros.
