European Carbon Permit Price Rally ‘Won’t Last,’ UBS Says
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The current rally in European Union carbon permits will come to an end in April, said UBS AG.
The “carbon crash” will continue because the market is oversupplied by 2 billion metric tons and companies may sell allowances once they realize how few they need, Per Lekander, an analyst at the bank in Paris, said today by e-mail. “Enjoy the carbon rally while it lasts - it won’t,” he said yesterday in a research note.