The Carbon Market – 10.08.2016

The ICE exchange from London currently trades its as follows:

• EUA spot:  € 4.79
• EUA Dec ’16 futures: € 4.80
• CER daily futures: € 0.41
• Brent Crude Oct’16: $ 45.21

New Energy Storage Solutions

Last week, the German news magazine N-TV reported about a possible solution to the problem of energy storage. This is a key factor in energy policy, since, unlike coal and gas, which can be permanently converted to electricity, wind and sun are not continuously available. Here now the Norwegian start-up EnergyNest found a way to store the energy effectively. The German concern HeidelbergCement was also involved in the development. The result is a box-shaped module in container size, which can be assembled like Lego bricks with other units.

The CEO of EnergyNest, Christian Thiel, emphasized a special feature of the new storage medium: “Our technology is simple and inexpensive; it costs not more than one-third as much as a battery”  and he called the tested and working system “the missing link that enables us to use renewable energy more efficiently in the future.”

Source: N-TV, Germany

The Carbon Market – 02.08.2016

The ICE exchange from London currently trades its as follows:

• EUA spot:  € 4.37
• EUA Dec ’16 futures: € 4.39
• CER daily futures: € 0.40
• Brent Crude spot: $ 42.84

New Sectors into the EU ETS

The European Commission published the legislative proposal to revise the Effort Sharing Decision (ESD) on 20 July 2016. The proposal maintains the EU on track towards the decarbonisation of the European economy following the successful outcome of the Paris Climate Change Summit last year.

The legislative proposal tabled by the European Commission includes national targets for EU Member States to reduce greenhouse gas emissions in those sectors of the economy not falling under the EU ETS covering the period 2021-2030, such as road transport, constructions, agriculture, and waste. It was accompanied by a Commission Communication on a European Strategy for Low-Emission Mobility as well as a legislative proposal on how to integrate the land use sector into the EU 2030 Climate and Energy Framework.

Source: The European Commission, Brussels

Written by: Casiana Fometescu