The Carbon Market 02.02.2016

The ICE exchange from London currently trades as follows:

• EUA spot:  € 5.67
• EUA Dec ’15 futures: € 5.70
• CER Dec ’15 futures: € 0.40
• Brent Crude futures: $ 35.85
• German Power Dec ’16: € 23,80

Voluntary Responsibility for the Environment

CARBON EXPERT launches  CalculatorCarbon.ro online platform through which every individual, company or organization can calculate and offset its carbon footprint.

The Carbon Footprint, also called CO2 footprint, represents the total greenhouse gas emissions produced by an organization, event, product, flight or household in a defined period of time.

The calculator determines the amount of CO2 produced by introducing usual elements  (kilometers, electricity consumption etc.). At the same time, it allows the offset of the CO2 footprint by purchasing voluntary CO2 credits equal to the amount of CO2 produced in the chosen time period.

The CO2 calculator is made under Swiss expertise, by ALLCOT Group, and Carbon Expert is Allcot official partner for South Eastern Europe. The computer uses emission factors for Romania, according to the latest UN IPCC data, under ISO 14000.

For large companies, the carbon footprint calculation is done punctually to each company, according to the specificity of its activities. Please contact us if you are interested in.

For more information, please visit: CalculatorCarbon.ro

The Carbon Market 19.01.2016

The ICE exchange from London currently trades as follows:

• EUA spot:  € 6.79
• EUA Dec ’15 futures: € 6.85
• CER Dec ’15 futures: € 0.43
• Brent Crude spot: $ 29.28
• German Power Dec ’16: € 23,80

The European CO2 Market EU ETS

In step with the fall in oil prices and other major indexes also the CO2 price has continued its surprisingly violent downtrend and dropped sharply again in the second week of January. Falling energy prices actually suggest that the consumption of energy and thus also emissions would rise, which in turn leads to a price support for carbon certificates. But in recent weeks, we experienced a situation in which falling energy values and lower demand coincided. Among other things, the much too mild temperatures in Europe have helped to make it for a few big companies not too difficult to sell current long positions and take profits.

Now however, it is impossible to predict how long this game might still continue.  The market is technically already significantly oversold and once the downward movement stops, this likely means the starting signal for the bulls in the market.

Source: Advantag Brokerage Gmbh., Geldern/Germany

The Carbon Market – 05.12.2016

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.03
• EUA Dec ’16 futures: € 8.10
• CER Dec ’16 futures: € 0.47
• Brent Crude spot: $ 37.16
• German Power Feb ‘2016: € 29,90

Carbon Expert wishes you a very good year, full of health and joy!

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.28
• EUA Dec ’16 futures: € 8.38
• CER Dec ’16 futures: € 0.48
• Brent Crude spot: $ 36.56
• German Power ‘2016: € 28,10

Carbon Expert wishes you a wonderful Christmas together with your family and beloved friends and a new year full of blessings!

The Carbon Market – 15.12.2015

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.08
• EUA Dec ’16 futures: € 8.17
• CER Dec ’16 futures: € 0.52
• Brent Crude spot: $ 37.98
• German Power ‘2016: € 28,00

Historical Global Agreement on Climate Change

The COP21 UN Climate Change Conference, which took place in Paris, reached a global agreement to tackle climate change, an outcome which represents a major landmark in addressing this global challenge.

In the Paris Agreement, adopted under the United Nations Framework Convention on Climate Change (UNFCCC), world leaders agreed to limit the rise in global temperature to well below 2°C, in order to avoid dangerous climate change.

“The Paris Agreement confirms the irreversible transition to a low carbon, safer and healthier world”, declared UNFCCC Executive Secretary, Christiana Figueres, following the adoption of the agreement.

Among the key measures in the Paris Agreement, global leaders have agreed:

• to peak greenhouse gas emissions as soon as possible and achieve a balance between sources and sinks of greenhouse gases in the second half of this century;
• to keep global temperature increase ‘well below’ 2°C, and to pursue efforts to limit it to 1.5°C;
• to review progress (upwards) every five years – a robust transparency and accountability system will track progress towards the long-term goal;
• $100 billion a year in climate finance for developing countries by 2020, with a commitment to further finance in the future.

Source: UNFCCC COP21, Paris

The CO2 Market – 9.12.2015

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.44
• EUA Dec ’15 futures: € 8.52
• CER Dec ’15 futures: € 0.58
• Brent Crude spot: $ 40.79
• German Power ‘2016: € 28,60

The International Climate Negotiations

The UNFCCC COP21 in Paris is currently on the second week of climate negotiations (30 November – 11 December 2015).

The EU today retained its formal position that any global climate deal to be reached in Paris next week should be legally binding, while acknowledging that it was “looking for solutions” with negotiating partners.

One of the central obstacles to a deal is that the US delegation will not accept legally binding greenhouse gas (GHG) mitigation targets as it knows congress would not ratify any agreement that imposes such a requirement. Despite this the EU has not yet formally changed its position to compromise on the issue, although representatives of the EU delegation today acknowledged that a strong deal could still be achieved without legally binding targets.

Source: Argus Media, London

The Carbon Market 3.12.2015

The ICE exchange from London currently trades as follows:

• EUA spot:  € 8.56
• EUA Dec ’15 futures: € 8.57
• CER Dec ’15 futures: € 0.53
• Brent Crude spot: $ 43.20
• German Power ‘2016: € 29,10

The International CO2 Market

Nine businesses, including Aviva, Sky, Fuji Xerox and DPD, have joined the UN’s Christiana Figueres to speak out about the benefits of offsetting carbon emissions, at this week’s climate negotiations in Paris at the UNFCCC.

In a video released today, the companies explain why offset strategies are good business sense, the challenges and opportunities their approach has created, and why they believe it has made a difference. Companies throughout the world, including Microsoft, Jaguar Land Rover and Marks and Spencer have adopted carbon-offset approaches to enable them to go beyond the reduction targets they could achieve through internal change.

Recent research from Carbon Disclosure Project Data shows that business who offset also take the lead in reducing their carbon emissions with the typical offset buyer cutting almost 17% of their scope 1 direct emissions compared to non offset buyers who reduced emissions by less than 5% in the same year.

By supporting carbon-offset projects, businesses are investing in the local environment and communities, delivering positive impacts beyond the carbon reduction. While these ‘co-benefits’ vary by project, a market representative average was recently calculated by Imperial College London University at $664 for every tonne of carbon offset.

Source: IETA, Paris

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