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: ICAO.int, Montreal