For power producers to prefer gas over coal as a fuel for power generation the price of carbon emission allowances would have to rise to €40-50/ton, Thijs van Hittersum, Natural Gas Analyst, International Energy Agency said at a conference organised by Gas to Power Journal in Brussels today.
Regulatory interventions such as the proposed backloading of up to 900 billion carbon emission allowances (EUAs) into the third phase of the ETS is, however, in his view "most likely not sufficient to solve the oversupply situation in the carbon market."
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