The Carbon Market

28.07.2014

The ICE exchage from London closed up its operations on July 28:

• EUA spot closed at € 6.17
• EUA DEC14 futures closed at € 6.22
• CER futures contract Dec14 closed at € 0.17
• Brent Crude Front Month closed at $ 107.67
• German Power Front Month closed at € 31.25

European Carbon Market

EUA prices also rallied on Friday afternoon, paid up on a rallying energy complex and decent sentiment, the Dec 14 traded up to €6.16, settling €6.15. The contract remains within its present range – strong support below/around €6.00 materialised on Friday, with gains toward €6.20 well resisted.

Summer auction volumes will be implemented at ICE and at EEX from the 1st August (Friday), this will see auction volumes halve. We believe that risk is to the upside, as reduced volumes raised the possibility of supply squeeze.

Source: The ICE/London, EEX/Leipzig, July 2014

The Carbon Market

16.07.2014

The ICE exchage from London closed up its operations on July 16:

• EUA spot closed at € 6,02
• EUA DEC14 futures closed at € 6,06
• CER futures contract Dec14 closed at € 0,15
• Brent Crude Front Month closed at $ 106,58
• German Power Front Month closed at € 30,05

European Carbon Market

Switzerland threatens 40 pct carbon tax rise if targets not met

Switzerland threatened on Monday to raise its tax on greenhouse gas output from the energy sector by 40 percent if companies do not meet government-imposed emissions reduction targets this year.

Source: Reuters, 15 July 2014

The Carbon Market

9.07.2014

The ICE exchage from London closed its operations on July 9:

• EUA spot closed at € 5,78
• EUA DEC14 futures closed at € 5,83
• CER futures contract Dec14 closed at € 0,15
• Brent Crude Front Month closed at $ 108,28
• German Power Front Month closed at € 29,60

European Carbon Market

Norway to buy 21 mln emission reductions for 48 mln euros

Norway will buy 21 million U.N.-backed certified emission reductions (CERs) for an average price of 2.28 euros each in its international tender to purchase carbon offsets, said the financial institution in charge of the deal on Monday.

Source: Reuters, 9 July 2014