Innovate4Climate Summit took place last week in Barcelona from 22nd to 25th May. Casiana Fometescu, CO2 consultant from Carbon Expert took part at this event, which gathered hundreds participants all over the world, from the carbon industry, but also from private and public financing institutions, NGOs etc. The event was organized by the World Bank in partnership with IETA (International Emissions Trading Association).
Innovate4Climate saw the publication of the annual IETA “GHG Market Sentiment Survey”. Conducted by PwC, the survey of 135 IETA members from across the globe raised widespread concerns that an increase in nationalist policies could hinder an international response to climate change.
The survey showed members of the group expect prices for EUAs will average €8.29/mt over the whole of Phase 3 (2013-2020), a drop of 10% from last year’s survey.
The poll revealed price forecasts ranging from €8/mt to €11/mt for the whole of Phase 3, which the lobby said was consistent with predictions in the last four annual surveys. Expectations for prices out to 2030 also dipped, while the majority of respondents agree that a carbon price floor is needed in the EU ETS.
For Phase 4 (2021-2030) IETA members forecast an average of €16.28/t, down 8.7% from last year’s prediction of €17.83/mt and €18.40/mt in 2015.
Source: “GHG Market Sentiment Survey”, IETA
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