By Daniel Hunter

The value of carbon allowances traded on the EU’s Emissions Trading System (ETS) won’t recover to pre recession levels before 2020 according to an annual survey of industry players, raising concerns about the long term impact of the UK’s carbon price floor for energy intensive businesses in the UK.

The views come in an annual survey by PwC for the International Emissions Trading Association (IETA), examining views of carbon market investors, traders and advisors, who meet at the industry’s annual conference in Barcelona.

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