The Carbon Market 18.11.2015
The ICE exchange from London currently trades as follows:
- EUA spot: € 8.60
- EUA Dec ’15 futures: € 8.64
- CER Dec ’15 futures: € 0.65
- Brent Crude spot: $ 45.01
- German Power ‘2016: € 28,92
The European CO2 Market
On 10 November 2015, the Council adopted a new directive to limit the emissions from combustion plants of medium size. These new rules are part of the clean air legislative package, which aims at improving air quality in the EU.
The new directive sets emission limit values for certain pollutants. These limits will be applied for new and existing combustion plants of medium size (between 1 and 50 MW).
Main elements of the new directive include:
- compulsory registration of medium combustion plants
- specific emission limits for certain pollutants: sulphur dioxide, nitrogen oxides and dust
- rules to monitor another pollutant: carbon monoxide
There are different deadlines to apply the emission limits:
- for bigger existing plants (5-50 MW): from 2025
- for smaller existing ones (1-5 MW): from 2030
- for new plants: after a transposition period of two years following entry into force
- extended compliance deadlines until 2030 may be granted to some plants (district heating systems, plants firing biomass as their main fuel, plants in small isolated systems and plants linked to a national gas transmission system)
Source: The European Council, Brussels