Australia
In response to moves by the Australian federal government to establish a domestic emissions trading, Bloomberg New Energy Finance now runs a dedicated research and analysis service for the prospective Carbon Pollution Reduction Scheme (CPRS).
Fundamental Research & Price Forecasting
In 2008 New Energy Finance developed its first proprietary CPRS Price Path Model for the Australian market. Built with the input of some of Australia’s leading authorities on emissions trading, including investment banks and domestic energy companies, it was specifically designed to forecast the Australian carbon price, covering all aspects of the market including industrial process, transport, forestry, waste, fugitives, agriculture and the power sector, plus a full spectrum of abatement options including import of international CDM/JI offset credits. With the government’s proposals to introduce linking between the CPRS and the international offset market our Australian model how now been integrated within our global model.
The New Energy Finance Australian carbon market service uses the model to produce regular price forecasts for the Australian market in the form of Quarterly Deep Dive reports, as well as Research Notes on issues important to the Australian market. These Notes are specifically designed to provide insight into how the market will operate, helping clients identify new business opportunities and understand the risks involved. Based in Sydney, the NEF Australia office is in regular contact with all the main market participants and draws on this network in the development of its research.
