Without some intervention to reduce supply, "the ETS will almost certainly collapse, " said Kash Burchett, a London-based analyst at consulting company IHS Energy.
Autodesk shares are trading sharply lower Wednesday after Bank of America Merrill Lynch analyst Kash Rangan cut his rating on the stock to Neutral from Buy.
Without the backloading plan to increase scarcity on the emissions permit market, "the ETS will almost certainly collapse, " said Kash Burchett, a London-based analyst at consulting company IHS Energy.