Market ‘naïve’ to expect timely EU ETS fix details – analysts

Carbon traders have been overly optimistic in expecting detailed proposals from the European Commission on how to deal with the oversupply of EU allowances (EUAs), according to analysts. On Wednesday, a long-awaited announcement by the Commission on ‘backloading’ the Phase III (2013-20) auctions of carbon allowances is expected. EU Climate Action Commissioner Connie Hedegaard has […]