Australian Carbon Demand in 2015-16
Updated on Monday, October 15, 2012 at 23:46 by MCJ
Updated on Thursday, October 25, 2012 at 16:29 by MCJ
In the September issue of Point Carbon’s Carbon Market Australia-New Zealand newsletter, Cecile Langevin writes that
[Point Carbon] expect[s] the emitters covered in Australia’s emissions market will have 57 million fewer permits than they need in the year 2015-2016
and
the market price will be set by the international cost of U.N. Clean Development Mechanism (CDM) credits for the first two years, and then by EU Allowances (EUAs) the last three years of this decade.
Based on my rough calculations (below), the Australian market should demand 240-245 MtCO2-e in 2015-16, and the government’s (official) projections are even higher, so I’m struggling to reconcile that with Point Carbon’s 57 million estimate.