The CO2 Market 05.09.2016

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

• EUA spot:  € 4.08
• EUA Dec ’16 futures: € 4.08
• CER daily futures: € 0.38
• Brent Crude futures ’16: $ 49.62

Hystorical Moment at G20

During the Group of Twenty Summit in China (4-5 September 2016), the USA and China shows very controversial positions on some global major points. But in Hangzhou was also made history. For the first time the both greatest emitters of greenhouse-gases signed the official ratification documents of the Paris world climate summit.

USA and China are emitting 39% of the global human made greenhouse-gases.

The fact, that these both nations never signed the ratification of the Kyoto-Protocol but the Paris climate deal, is an very important milestone on the way of fighting global warming.

Source: www.G20.org

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

The CO2 Market – 24.05.2016

The ICE exchange from London currently trades its as follows:

• EUA spot:  € 5.70
• EUA Dec ’16 futures: € 5.74
• CER daily futures: € 0.40
• Brent Crude July ’16 futures: $ 48.04

The Effects of Climate Changes

The first impacts of the climate change are coming these days more visible than ever. April 2016 made a new record with a global average of 13.7°C, what makes a plus of 1.1°C more than the average of the 20th century was. Especially in regions of Russia, Alaska, South America and Asia it was significant to warm. The complete snow-covered surface of the northern hemisphere was never in April so small since the beginning of the human made records.

What might be in the middle of Europe pleasant for most of the people, in India has it dramatically results. The country suffers under unbelievable temperatures of more than 50°C. In Phalodi the sad record temperature of 51°C was seen. These life threatening temperatures have lost lives of a couple of dozen people.

The price of the EU emission allowances was moving under the level of six Euro again last week. The highest influence was the development of the price of Brent crude oil, which had no success to move thru the 50-US-Dollar-resistance.

Source: Advantag News, Germany

The Carbon Market 18.05.2016

The ICE exchange from London closed its CO2 operations as follows:

• EUA spot:  € 6.03
• EUA Dec ’16 futures: € 6.05
• CER daily futures: € 0.41
• Brent Crude July ’16 futures: $ 49.38

The CO2 Rules for Aviation

An interesting development has been reported this week. ICAO is apparently “considering new rules that would require airlines to buy two forest credits for each metric ton of carbon dioxide, double the typical amount.” ICAO declined to comment.

A few days later it was reported that there are “deep divisions” between countries over the deal to curb aviation emissions, such as between the US and China.

Talks continue, and the deal is due to be voted on at ICAO’s full assembly in October.

Please read the Bloomberg article here.

Source: Bloomberg & CMIA, London

The CO2 Market 28.04.2016

The ICE exchange from London closed its CO2 operations as follows:

• EUA spot:  € 6.82
• EUA Dec ’16 futures: € 6.81
• CER Dec ’16 futures: € 0.42
• Brent Crude July ’16 futures: $ 46.63

The International Climate Change Policy

175 parties (174 countries and the European Union) signed the Paris Agreement on 22 April, ‘International Mother Earth Day’. A historic figure that goes beyond the previous record of 119 signatures on an opening day for the signing of an international agreement, previously held by the United Nations Convention on the Law of the Sea, signed in Montego Bay in 1982.

This is a historical momentum for climate change policy. Countries, companies and people have been united in a single aim at reducing greenhouse gas emissions and turned the world into a green global economy.

For more information, please click here.

The Carbon Market 13.04.2016

The ICE exchange from London trades its CO2 operations as follows:

• EUA spot:  € 5.48
• EUA Dec ’16 futures: € 5.53
• CER Dec ’16 futures: € 0.45
• Brent Crude May ’16 futures: $ 43.87

The Swiss Group ALLCOT enters the Romanian CO2 Market

Carbon Expert would like to announce the partnership on the European CO2 market with ALLCOT Group from Switzerland.

Created in 2009, ALLCOT is focused on carbon markets as well as environmental consulting, management and also on the business of corporate sustainability.

ALLCOT Group has its headquarter in Switzerland, and having an international team working in London, Madrid, Warsaw, Bucharest, and Sao Paolo.

ALLCOT is a proud member of the International Emission Trading Association (IETA) as well as the Climate Markets and Investment Association (CMIA), the leading associative bodies and lobbies within our industry. Further, the company operates under the Quality Management System ISO 9001:2008 certified by Lloyds Register.

ALLCOT offers you the following services on the EU ETS market, which provide multiple opportunities to collaborate:

•    CO2 Execution (Exchange or OTC) with defined floor price (standing order)
•    Sale and Purchase agreement (subject to price);
•    CO2 Credits portfolio management (swap, hedging, future contracts)
•    REPO transactions (subject to volume)
•    Loans against Carbon Credits (subject to volume)
•    ALLCOT Climate Change Fund subscription (subject to volume)

For more information related to CO2 trading opportunities, you may download ALLCOT Trading Tool Catalogue here.

Please contact us for any other information that you might require.

The Carbon Market 23.03.2016

The ICE exchange from London trades its CO2 operations as follows:

• EUA spot:  € 4.83
• EUA Dec ’16 futures: € 4.90
• CER Dec ’16 futures: € 0.37
• Brent Crude May ’16 futures: $ 41.36

Pricing carbon: an opportunity for business

Tracking carbon emissions and then putting a price on carbon has increasingly emerged as a way to act, and do so quickly. Already, at least 40 governments and 23 cities, states and regions around the world have adopted carbon pricing mechanisms or are planning to implement them. And according to CDP, more than 1,000 companies already price their carbon emissions or intend to in the next two years.

Microsoft was one of the first enterprises to set a voluntary internal carbon fee four years ago, and we’ve learned firsthand why it is an attractive strategy for climate-conscious businesses. The fee has invigorated a virtuous cycle of environmental awareness, responsibility and innovation within Microsoft that benefits both our company and the planet. The Microsoft carbon fee was recently recognized by the UNFCCC at COP21 as an innovative carbon pricing model worthy of wider replication.

Microsoft has reduced company-wide emissions by 7.5 million metric tons of carbon dioxide equivalent (mtCO2e) through investments in efficiency, green power, and carbon offset community projects.

To read the whole article from Huffington Post, please click here.

The Carbon Market 08.03.2016

The ICE exchange from London closed its CO2 operations as follows:

• EUA spot:  € 4.97
• EUA Dec ’16 futures: € 5.10
• CER Dec ’16 futures: € 0.39
• Brent Crude May ’16 futures: $ 40.80

Voluntary CO2 emissions reductions

Paravion.ro,the largest online travel agency in Romania, has signed a three-year agreement with ALLCOT  Group to measure its carbon footprint and offset its annual emissions, helped by Carbon Expert Romania.

The carbon emissions generated by Paravion’s 50 employees were largely caused by office energy use and unavoidable business travel. The emission reductions chosen to offset Paravion’s greenhouse gas emissions will come from an internationally recognized carbon project that has been independently verified to the Verified Carbon Standard (VCS).

For more information, please read:

http://www.allcot.com/2016/02/22/paravion-ro-the-first-online-travel-agency-in-romania-which-offsets-co2-emissions/

The CO2 Market 18.02.2016

The ICE exchange from London closed its CO2 operations as follows:

• EUA spot:  € 5.02
• EUA Dec ’16 futures: € 5.09
• CER Dec ’16 futures: € 0.37
• Brent Crude April ’16: $ 34.37

Linkages among Regional Carbon Markets

The EU and Switzerland have announced the conclusion of a deal linking their respective emissions trading schemes, although the agreement’s signature date remains up in the air.

Set up in 2008, the Swiss scheme includes around 55 companies, and last year covered 5.5 million tonnes of carbon emissions. By comparison, the EU’s Emissions Trading System (ETS) launched in 2005 is currently the world’s largest carbon market, regulating some 11,000 power stations and manufacturing plants representing around two billion tonnes of carbon emissions.

The EU had previously agreed a pathway for linking with Australia’s fledgling carbon market, before a change in political leadership – and the subsequent repeal of Canberra’s carbon tax – scuppered these plans.

Most recently, one UK senior official speaking with Business Green indicated that London is working closely with China as it develops its cap-and-trade system, with potential future linkage with the EU ETS in mind.

A deal was also signed last December between Beijing’s sub-national carbon market and South Korea to cooperate on emissions trading development with an eye on eventual full national bilateral cooperation.

Ontario last year unveiled plans to join California and Quebec’s carbon market under the so-called Western Climate Initiative.

Source: Allcot Group, Switzerland