LONDON May 30 (Reuters Point Carbon) - European carbon prices could treble from current levels to average above 19 euros ($23.80) over the next eight years provided European governments cut supply of permits, according to a survey by consultants PwC.
In its annual GHG Market Sentiment Survey, PwC found that 80 percent of respondents were in favor of cutting supply in a bit to boost carbon prices from under 7 euros to a level that encourages firms to invest in clean technology that cut emissions.
Of those, two-thirds preferred EU regulators to cut supply by taking on a deeper 2020 emissions target rather than a one-off permanent withdrawal of allowances from the market.
