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Will there still be a market price for CERs and ERUs in two years time?

Author

Listed:
  • Valentin Bellassen

    (Mission Climat de la Caisse des Dépôts - Groupe caisse des dépots)

  • Nicolas Stephan

    (Climat Research - Groupe caisse des dépots)

  • Benoît Leguet

    (Climat Research - Groupe caisse des dépots)

Abstract

Medium-term (i.e. pre-2015) demand for credits from the EU ETS and secondary sources of demand appears to be limited to 1.6 billion tCO2e. The supply of Kyoto credits is relatively predictable, and will cover demand between now and 2013-2014 according to our base-case scenario. Our view is that the demand-supply equilibrium will lead to a decorrelation between the price of Kyoto credits and the EUA price, and may lead to a price for Kyoto credits that is very low, or almost nil. Unless CER and ERU demand-side policies are modified, we do not foresee any rebound in CER and ERU prices beyond the current year.

Suggested Citation

  • Valentin Bellassen & Nicolas Stephan & Benoît Leguet, 2012. "Will there still be a market price for CERs and ERUs in two years time?," Working Papers hal-01151432, HAL.
    • Handle: RePEc:hal:wpaper:hal-01151432
    Note: View the original document on HAL open archive server: https://hal.science/hal-01151432v2
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    Citations

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    Cited by:

    1. Igor Shishlov & Valentin Bellassen, 2012. "10 lessons from 10 years of the CDM," Working Papers hal-01151437, HAL.
    2. de Sépibus, Joëlle, 2012. "Top-down, Bottum-up or In-between: How Can a UNFCCC Framework for Market-Based Approaches Ensure Environmental Integrity and Market Coherence?," Papers 430, World Trade Institute.

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