The Carbon Market 10.11.2014

The ICE exchange from London closed down its operations:

• EUA spot closed at € 6.69
• EUA DEC14 futures closed at € 6.71
• CER futures contract Dec14 closed at € 0.09
• Brent Crude Front Month trade at $ 82.79
• German Power Front Month trade at € 34.25

EU ETS Market

News that the French government would support both the early implementation of the Market Stability Reserve and the cancellation of backloaded allowances (added to the reserve) saw the EUA push on to a higher price. The EUA remains well bid despite fears of over extension to the upside.