EUROPE - The global economic slowdown will increase available carbon trading licenses in the European emissions trading scheme (ETS) by almost half, lowering the price of carbon-based exchange traded funds (ETFs) and commodities (ETCs), analyst IDEAcarbon has said.
With European industrial output predicted to fall to 1% over 2008 and decline by 0.7% in 2009, total carbon emissions are also expected to decrease, lowering the shortfall of trading licences by 44...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date