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