The Carbon Market 18.11.2015

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.60
• EUA Dec ’15 futures: € 8.64
• CER Dec ’15 futures: € 0.65
• Brent Crude spot: $ 45.01
• German Power ‘2016: € 28,92

The European CO2 Market

On 10 November 2015, the Council adopted a new directive to limit the emissions from combustion plants of medium size. These new rules are part of the clean air legislative package, which aims at improving air quality in the EU.

The new directive sets emission limit values for certain pollutants. These limits will be applied for new and existing combustion plants of medium size (between 1 and 50 MW).

Main elements of the new directive include:

• compulsory registration of medium combustion plants
• specific emission limits for certain pollutants: sulphur dioxide, nitrogen oxides and dust
• rules to monitor another pollutant: carbon monoxide

There are different deadlines to apply the emission limits:

• for bigger existing plants (5-50 MW): from 2025
• for smaller existing ones (1-5 MW): from 2030
• for new plants: after a transposition period of two years following entry into force
• extended compliance deadlines until 2030 may be granted to some plants (district heating systems, plants firing biomass as their main fuel, plants in small isolated systems and plants linked to a national gas transmission system)

Source: The European Council, Brussels

The Carbon Market 10.11.2015

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.35
• EUA Dec ’15 futures: € 8.40
• CER Dec ’15 futures closed: € 0.63
• Brent Crude spot: $ 47.24
• German Power ‘2016: € 28,87

The European CO2 Market

A newly released report has found the waste sector has a key role to play in the development of a low carbon economy and the reduction of greenhouse gases (GHGs). This report comes in advance of the UN Climate Conference in Paris, which will take place in December.

The report was commissioned by Zero Waste Europe, in partnership with Zero Waste France and ACR+. The report finds that the role of waste prevention and improved waste management can play in reducing GHG emissions and the development of a low carbon economy has previously been significantly understated, partly due to the structure of the national inventories of the UNFCCC.

The CO2 Market 03.11.2015

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.57
• EUA Dec ’15 futures: € 8.69
• CER Dec ’15 futures closed: € 0.63
• Brent Crude spot: $ 46.57
• German Power ‘2016: € 29,25

The European Carbon Market EU ETS

Carbon market throughout the past month of October proved to be very bullish. The price of European allowances increased week after week, reaching thereby a few times new three-year highs. With a peak of 8.71 euros for the December contract this was also the case in the past week, but overall the uptrend slowed somewhat.

If we will see in the coming days a correction at the market, it could push the price back to a level above 8.50 euros. However, according to recent experience, the correction could well turn out even more moderate. If on the other hand the bullish trend continues, the line of 8.80 euros could be overcome in the foreseeable future.

The rise in prices logically had a positive effect on the auction proceeds. Thus, for example, Germany made with their auction last Friday (with an unchanged sales volume) an increase of more than two million euros revenue than a month ago. Romania will auction in 2015 25,395,500 EUAs in weekly installments of approximately 560,000 EUAs.

Source: Advantag Brokerage Gmbh. and EEX., Leipzig