The CO2 Market – 01.06.2020

Change of outstanding rights from CERs to EUAs certificates

We have noticed in these months that some of Romanian operators have not used the opportunity to exchange the outstanding rights they have in their emissions Registry account and swap them from CERs into EUA certificates.

In accordance with the EU Regulation no. 1123/2013 of the Commission on determining the right to international credits under Directive 2003/87 / EC of the European Parliament and of the Council, installations in Romania older than 2012 are entitled to 11% of the total allocation 2008 – 2012 to convert from CER certificates into certificates EUA or 4.5% for new entrants and aviation. These rights are automatically calculated by the Registry software and displayed in your Registry account.

We remind you that the right of swap expires on April 30, 2021, the date of compliance with the phase III EU ETS, and the possession of CER certificates and their exchange into EUAs are no longer allowed in the phase IV (2021-2030).

Therefore, we recommend you to check your  Registry account, and if you still have outstanding rights, to perform the SWAP operation that does not involve any financial effort on your part, but especially could generate substantial amounts of “cash” for the company in this difficult period.

The price of the EUA certificate on the ICE ECX London stock exchange closed yesterday, 01.06.2020, at 20.97 euro / tCO2.

For additional information regarding the trading procedure on the conversion of CERs into EUAs, please contact us at: info@carbonexpert.ro or 0744760710.

Source: Carbon Expert & Bloomberg