The CO2 Market – 20.10.2016

The ICE exchange from London currently trades its CO2 operations and Brent Crude as follows:

• EUA spot:  € 5.68
• EUA Dec ’16 futures: € 5.72
• CER daily futures: € 0.40
• Brent Crude futures Dec’16: $ 51.88

Climate Change News

Casiana Fometescu was invited by Allcot Group to participate this week ( 18-19.10.2016 ) at the Climate Change Conference in Paris, organized by IETA, IEA, and OECD.

Conference participants, coming from both the public sector, especially public technocrats (United Nations, European Commission, EPA – the US Environmental Protection Agency), and the private sector (industries, trading companies, universities) openly discussed current and future trends on the achievement of internationally climate change targets, and current systems existing in the main developed countries (EU, US, Canada, Japan).

The main topics discussed:

• Paris Agreement: international trading to achieve and surpass NDCs (National Determined Contributions of parties)
• Carbon markets in Asia – Pacific
• The EU ETS scheme – current challenges and future opportunities
• Aviation: news on the global trading scheme recently approved by ICAO
• Evolution of the carbon market in North America (USA and Canada)
• Linkages and carbon clubs

For more information about these topics, we are please to answer your questions.

Source: 16th Annual Workshop IETA IEA EPRI on GHG Emissions Trading, OECD Paris

The CO2 market – 13.10.2016

The ICE exchange from London currently trades its CO2 operations and Brent Crude as follows:

• EUA spot:  € 5.58
• EUA Dec ’16 futures: € 5.64
• CER daily futures: € 0.40
• Brent Crude futures Ian’17: $ 52.55

Climate Change News

In a momentous decision last Thursday, 6th October 2016, the International Civil Aviation Organization (ICAO) Assembly passed a resolution to establish a Global Market-based Measure (GMBM) that will help the aviation sector meet its commitment to carbon-neutral growth starting in 2021. This resolution also effectively creates a brand new market for high-quality carbon credits.

ICAO intends for the global aviation industry to achieve carbon neutral growth from 2020 by requiring participating aviation operators to offset any additional emissions above a 2020 baseline. The system will be voluntary from 2021 and mandatory from 2027.

Source: ICAO.int, Montreal

The Carbon Market 04.10.2016

The ICE exchange from London currently trades its CO2 operations and Brent Crude as follows:

• EUA spot:  € 5.26
• EUA Dec ’16 futures: € 5.24
• CER daily futures: € 0.38
• Brent Crude futures Ian’17: $ 51.36

International Climate Change News

EU ministers have approved ratification of the Paris climate agreement, making it likely that the global greenhouse (GHG) emissions reduction deal will enter into force before the end of this year.

The unanimous decision paves the way for the European Parliament to give its consent for the deal, after which the Council of EU member states can formally adopt it. It will allow the EU to deposit its ratification instrument before each EU member state has completed its national ratification process.

So far, 61 countries, accounting for almost 48pc of global emissions have ratified the deal. The agreement will enter into force 30 days after at least 55 countries, representing at least 55pc of global emissions have ratified it. The EU accounts for around 13pc of global emissions.

Source: Argus Media, London