Analysts have revised up their average price forecasts for EU carbon permits for the next three years in anticipation of improving economies in Europe as energy prices fall from record highs.
But they warned an increase in permits sales would keep a lid on gains.
EU Allowances (EUAs) are expected to average 81.40 euros a tonne in 2023 and 94.14 euros in 2024, according to six analysts surveyed by Reuters. That is up 4.2% and 1.9% respectively from forecasts made in October.