The CO2 market – 13.10.2016

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

  • EUA spot:  € 5.58
  • EUA Dec ’16 futures: € 5.64
  • CER daily futures: € 0.40
  • Brent Crude futures Ian’17: $ 52.55

Climate Change News

In a momentous decision last Thursday, 6th October 2016, the International Civil Aviation Organization (ICAO) Assembly passed a resolution to establish a Global Market-based Measure (GMBM) that will help the aviation sector meet its commitment to carbon-neutral growth starting in 2021. This resolution also effectively creates a brand new market for high-quality carbon credits.

ICAO intends for the global aviation industry to achieve carbon neutral growth from 2020 by requiring participating aviation operators to offset any additional emissions above a 2020 baseline. The system will be voluntary from 2021 and mandatory from 2027.

Source:, Montreal


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