Slide in EU carbon price "will not be long-term"

Market analyst Point Carbon expects a "robust" carbon price for the 2008-12 trading period, despite a current downward slide amid economic uncertainty. The prediction is in line with previous forecasts. "Prices could go lower in the short-term but they will be higher in the longer-term," manager Kjersti Ulset told ENDS on Monday. The EU carbon price dropped to an 18-month low of EURO 17.60 per tonne in early trading on Monday as European firms sold carbon allowances freed up by lower production forecasts (Source: Ends Daily)