The Carbon Market

14.05.2014

The ICE exchage from London opened down today, May 14:

• EUA spot opened at € 5,24
• EUA DEC14 futures opened at € 5,33
• CER futures contract Dec14 opened at € 0,13
• Brent Crude Front Month trade at $ 109,39
• German Power Front Month trade at € 29,35

The European Energy Market

13.05.2014

Britain to end solar power subsidy scheme early
Britain will end its subsides for new solar power plants two years earlier than expected to prevent costs from the scheme soaring, the government said on Tuesday.

Source: REUTERS, LONDON, May 13.

EU ETS – Market Stability Reserve

05.05.2014

The European Commission’s proposed framework for climate and energy policies for the 2020-2030 period includes a proposal to reform the EU ETS by establishing a Market Stability Reserve (MSR).
This reserve has two-stated objectives and a third, implied objective. It aims to address the surplus of allowances that has built up in recent years and to improve the system’s resilience to major demand shocks by automatically adjusting the quantity of allowances to be auctioned. It also has the potential to address the problem of uncoordinated policies at the European level.

Next Steps in terms of decision making and implementation of MSR

The Commission’s proposal goes now through the normal legislative process of co-decision in the European Union, which means that EU Member States and European politicians will evaluate the proposal, possibly modify, and then will negotiate an agreement to be implemented in the European legislation. We believe that the final agreement on the MSR can happen in 2016 or even 2017.

The Market Stability Reserve should be a permanent design change at the European Union greenhouse gas emissions trading system – EU ETS.

To see the EC legislative proposal on MSR, please click here.

The IPCC (UN Intergovernmental Panel on Climate Change) report

29.04.2014

The latest report by the United Nations scientific panel on climate change shows that collective and significant global action is needed to reduce greenhouse gas emissions in order to keep global warming below 2°C. The report from the Intergovernmental Panel on Climate Change (IPCC) says that the longer we wait, the more expensive and technologically challenging meeting this goal will be.

• Despite a growing number of climate change mitigation policies, man-made greenhouse gas emissions (GHG) grew more rapidly from 2000 to 2010 than in each of the previous three decades.
• The global economic crisis in 2007/2008 only temporarily reduced carbon emissions.
• Total emissions from 2000 to 2010 were the highest in human history. In 2010, total GHG emissions were around 49 gigatones of CO2-equivalent (around 7 tones of CO2-equivalent for every person on the planet).
• About half of the total carbon dioxide emissions emitted between 1750 and 2010 occurred over the last 40 years.

To access the report, please click here.

Source: The European Commission, DG Clima.

Carbon Market

25.04.2014

The ICE Emissions Market has opened operations today, 04/25/2014, as follows:

• EUA spot: 5,73 Euro
• EUA Futures December 2014: Euro 5.81
• CER Futures December 2014: Euro 0.16
• Brent Crude (oil) June 2014: $ 110.03
• Energy Germany June 2014: Euro 29.25

This morning, EUA price tumbled from 5.81 Euro to 5.50 Euro. The reason for this correction is technical rather than intrinsic, as determined by the intervention of traders who bought large quantities of EUAs, given low auctions next week and the potential military intervention of Russia in Ukraine, which may generate a price increase.



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