The ICE exchange from London opened down its CO2 operations:
- EUA spot closed at € 6.85
- EUA Dec 15 futures closed at € 6.88
- CER Dec 15 futures closed at € 0.42
- Brent Crude Front Month (April 15): $ 55.36
- German Power Front Month (April 15): € 31.25
The International Voluntary Carbon Market
The biggest conference in the region on the voluntary CO2 market will take place this April 2-4 in Turkey: Istanbul Carbon Summit. Since there is no legislation in the emission of greenhouse gases in Turkey, the voluntary carbon market remains the only altenatative for project developers in CO2 emission reductions and energy efficiency.
At the Gold Standard conference, Carbon Expert consultant, Casiana Fometescu, was invited to hold a presentation on “The International CO2 Voluntary Market – current state and prospects for the future”.
Gold Standard, with its headquarters in Switzerland, is the most important standard organization for certification of voluntary projects in the emission of greenhouse gases. It is recognized by the United Nations Framework Convention on Climate Change (UNFCCC) for its projects (over 1000 projects worldwide and over 35 million tons of CO2 saved from the atmosphere). Gold Standard reputation has been given by much higher prices for transacted certificates (VER) compared to all other international standards (ie: the average GS price in 2013 was $9/tCO2 compared to the overall average of $5/tCO2).
After our participation in Istanbul, we will keep you informed about updates in the CO2 emissions field.