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