The Carbon Market 24.02.2015

The ICE exchange from London opened down its CO2 operations:

• EUA spot closed at € 7,70
• EUA Dec 15 futures closed at € 7.82
• CER Dec 15 futures closed at € 0.40
• Brent Crude Front Month (April 15): $ 50.25
• German Power Front Month (April 15): € 32.40

The CO2 Market 16.02.2015

The ICE exchange from London closed up its CO2 operations:

• EUA spot closed at € 7.64
• EUA Dec 15 futures closed at € 7.71
• CER spot contract closed at € 0.03
• CER Dec 15 futures closed at € 0.40
• Brent Crude Front Month (March 15): $ 61.56
• German Power Front Month (March 15): € 32.35

The European Carbon Market EU ETS

The EUA price continued the upward trend of last week when the ENVI Committee of the European Parliament published the legislative proposal on the reform of the market. Soon after, the price surpassed the resistance level of  Eur 7.50, as a result of increased demand for certificates. Today trading session on the ICE see the EUA Dec. ’15 futures contract at highs of Eur 7.73.

We expect prices to rise in the next period, with the milestone date is 28.02.2015 in which it will be decided the MSR – Market Stability Reserve.

Source: ECX ICE, London

The Carbon Market 12.02.2015

The ICE exchange from London opened up its operations:

• EUA spot opened at € 7.28
• EUA Dec 15 futures opened at € 7.35
• CER spot contract opened at € 0.03
• Brent Crude Front Month (March 2015) trades at $ 55.73
• German Power Front Month trades (March 2015) at € 31.70

The International Carbon Market

China will launch in 2016 a national scheme for greenhouse gas emissions, which will be fully functional in 2019.

According to a Chinese official, Jiang Zhaoli, the carbon market in China will include six sectors of activity: steel, energy, nonferrous metals, chemicals, building materials and aviation, including companies in these areas with an yearly production of at least 26,000 t CO2.

Currently, China has in operation seven regional CO2 pilot system.

Source: Eco News

The CO2 Emissions Market 03.02.2015

The ICE exchange from London opened down its operations:

• EUA spot opened at € 7.08
• EUA Dec 15 futures opened at € 7.22
• CER spot contract opened at € 0.03
• Brent Crude Front Month trade at $ 55.00
• German Power Front Month trade at € 31.70

The European Carbon Market EU ETS

Last week, ECOFYS published some data on the European carbon market – EU ETS. According to Ecofys, at the end of the third phase of the ETS (2020), the market will have a surplus of 500-900 million allowances, as a result of free allocation to industry in the previous period, especially from 2008 to 2012, the regulations regarding the process of “back-loading” and the new entrants reserve NER.

Source: Ecofys, UK