Deutsche Bank downgrades carbon market forecast in wake of sovereign debt fears

Jessica Shankleman
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Carbon now expected to cost €12/t at the end of 2011 and €24/t on average over Phase 3 of EU Emission Trading Scheme

Deutsche Bank has lowered its forecast for the price of carbon in Europe's emissions trading scheme (ETS), predicting the market will take longer than expected to recover from volatility caused by concerns...

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