Analysts have further reduced their 2017 emissions forecasts for Ontario’s cap-and-trade scheme, pointing to an even larger supply glut than was previously projected.
The market will be long by 6.1 million tonnes in 2017, according to updated forecasts from
ClearBlue Markets, as emissions drop to 129.1 mt this year.
That figure is down 2.3 mt on their last forecast, and compares to available supply of 135.2 mt.
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