The Carbon and Energy Markets 25.06.2016

The ICE exchange from London opened up its CO2 operations:

• EUA spot: € 7.54
• EUA Dec 15 futures: € 7.60
• CER Dec 15 futures: € 0.40
• Brent Crude spot: $ 63.49
• German Power Front Month (June 15): € 31.04

The Energy Market

Over 7.7 million people worldwide are currently employed in the renewable energy industry, according to a new report released by the International Agency for Renewable Energy (Renewable Energy and Jobs – Annual Report 2015, IRENA). This represents an increase of 18% over last year, when there were 6.5 million employees.

The European Union and the United States registered a decrease of jobs in renewable energy in the world: 25% in 2014 compared to 31% in 2012. The figures show that more and more countries, especially in Asia, have developed renewable technologies.

In correlation with this data, Carbon Tracker shows that the main electricity utilities in Europe (E-on, Enel, RWE, GDF Suez, EDF), with a current European energy market share of 60%, fell by 37% in 2008-2013, as a result of green technologies.

The European Carbon Market 16.06.2015

The ICE exchange from London opened down its CO2 operations:

• EUA spot:  € 7.46
• EUA Dec 15 futures: € 7.49
• CER Dec 15 futures closed: € 0.39
• Brent Crude spot: $ 64
• German Power Front Month (June 15): € 31.55

The International Carbon Market

German Chancellor Angela Merkel with her counterparts at this year’s G7 summit, in front of the picturesque Alpine scenery, achieved a commitment of the participants to maintain the 2 ° C objective, which was previously considered rather unlikely. Critics, of course, remain in abundance as the realisation of the plans no longer fall in the electoral term of the current actors.

On the other hand, however, there was also praise from an unlikely source – environmental activists Greenpeace sees the G7 decision as a breakthrough and many other observers of the action see this as an important and strong signal for this year’s UN Climate Change Conference in Paris.

The path to significantly reduce greenhouse gas emissions by 2050 and to end the use of fossil fuels by the end of the century for the maximum decarbonisation in this century is an ambitious goal, but one which does not seem unattainable, if, for example, one thinks of the renunciation of the use of CFCs in aerosol cans and refrigerators, which contributed to the creation of the ozone hole in the 1980s.

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The CO2 Emissions Market 02.06.2015

The ICE exchange from London opened down its CO2 operations:

• EUA spot opened at € 7.24
• EUA Dec 15 futures opened at € 7.28
• CER Dec 15 futures opened at € 0.44
• Brent Crude spot: $ 64.90
• German Power Front Month (June 15): € 29.24

International Events: Carbon Expo Barcelona

The most important conference on climate change, Carbon Expo 2015 was held last week in Barcelona (26 – 28 May 2015).

Main topics discussed were: the price on carbon, climate change financing, transforming the energy sector into a green one, the EU ETS after 1o years of existence, climate decision transparency, and the Road to Paris.

“If until now we have seen international meetings that were disparate in terms of expectations and interests of participants, this year we have observed in Barcelona how business and political leaders have joined forces to promote the reduction of global emissions, unifying local and regional carbon markets into a global one, green technologies and ways to finance climate techmologies and innovations. Moreover, the World Bank has created a working group composed of various stakeholders interested in climate change, which focus on creating a single market analysis for carbon, as well as the design of this future market” said Casiana Fometescu, Carbon Expert consultant.

In recognition of the importance of protecting the environment, His Majesty King Felipe VI of Spain, opened the event. The conference was attended by approximately 2,200 visitors from 109 countries, 300 speakers from around the world and 100 exhibitors, representing a 30% increase compared to the last year.  At the same time, there were 27 workshops and several other side events.