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