Polish EUAs

Its a funny thing about Point Carbon, sometimes they are spot on. As in this article about how messed up the Polish EUA market is: Polish supply stunted by price and understanding.

It seems that confusion holds sway there. I might agree that it is also a price sensitive issue, but there is also an element of fear. due to the sizeable stake of some companies held by the government. They need ultra bureacratic procedures to be followed, and perhaps many a company officer needs to consult many upper level directors and board members, before he can sell EUAs (and probably before he can take a pee).

And sometimes Point Carbon can be so far off. In fact almost rumour-mongering, if you will. This story claims that the government is really getting going to float a law (or amendment) to restrict the selling of EUAs (under a confusing method): Poland ponders allowance sales restrictions.

When I read this line "Under a draft amendment to the Polish emissions trading legislation" I immediately thought that some really good PR agency, probably representing a lobbyist for the chemical sector, got a hold of Andy Allan (decent bloke at PC) and read him their fantasy view of a new amendment that no one has even seen.

Ok, colour me unpersuaded. And I have to admit, there is a slim chance some amendments might be made. But, thinking about how many times Poland has annoyed the EU (or Germany) lately, it strikes me as odd that they would (or could) do something so anathema to the Kyoto Protocol and the EU ETS scheme.