The Carbon Market 09.05.2017

The ICE exchange from London closed yesterday, 08.05.2017, its CO2 tradings and Brent Crude as follows:

  • EUA spot:  € 4.47
  • EUA Dec ’17 futures: € 4.42
  • CER daily futures: € 0.24
  • Brent Crude futures August’17: $ 49.76

The European CO2 Market

Data from the European Institute of Statistics, Eurostat, shows that last year carbon dioxide emissions dropped by 1.4% in Romania compared to 2015, with Romania accounting for 2.1% of total CO2 emissions of the European Union.

Ten other Member States have reduced their emissions: Malta, Bulgaria, Portugal, Great Britain, Luxembourg, Greece, Italy, Estonia, the Czech Republic and Belgium. The largest percentage of emissions reduction was recorded in Malta, 18.2%. However, Malta is a small state and accounts for only 0.04% of total European emissions. On the other hand, Bulgaria hass the second highest carbon dioxide emissions in the EU with 7%, followed by Portugal with 5.7% and the UK with 4, 8%.

In contrast, 17 European countries increased their carbon dioxide emissions, with the largest increase being recorded in Finland, 8.5%, in Cyprus, 7%, and in Slovenia and Denmark, 5.8% r,espectively 5.7%.

However, Germany, 22.9%, the United Kingdom, 11.7%, and Italy 10.1%, have the largest proportions of total carbon dioxide emissions in the EU.

At European Union scale, carbon emissions decreased last year by 0.4% compared to the previous year.

Source: Eurostat, Bruxelles

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