greenmarket NEWSLETTER SUBSCRIPTION
Press Releases
Newsletter 8/2012
EMISSIONS UNEXPECTEDLY EXCEEDED 9 EUR: The compromise reached by the MEPs on the possible set-aside of EUAs from Phase III and bullish energy commodities pushed spot EUAs above 9 Euro. more
greenmarket Newsletter 8/2012 (1.1 MB)Newsletter 7/2012
COLD WEATHER LIMITS DOWNSIDES OF EMISSIONS: Emission allowances did not exceed € 9 last week. Quite contrary to the expectations, by the end of the week fell below € 8, weakened by the retreating prices of UK gas, German power and milder weather forecast in Western Europe for this week. On the ICE ECX EUA Dec12 tumbled by nearly 7% compared with the previous week.more
greenmarket Newsletter 7/2012 (0.9 MB)Newsletter 5/2012
COLDER WEATHER IN EUROPE STRENGTHENED EMISSIONS: During the last week the main European emission allowances strengthened by 15 pc. After several weeks of bearish market, which in mid-January reached its historical minimum of € 6.3, EUA dec12 returned to €8 level. Even though macro-economic data in Europe remain in negative zone, colder weather in Western and Central Europe, together with rising energy commodities prices strengthened the emissions, rising to its one month maximum of € 8.21 on Friday, 27th. more
greenmarket Newsletter 5/2012 (635 kB)Management Summary 4/2011
CO2 Market Development / COP 17 The Durban Package / Spot Carbon Market to be included in MiFID / Aviation to be included into EU ETS, despite international opposition / Glossarymore
greenmarket Quarterly IV (222 kB)American and Chinese Opposition to EU Aviation Plans
On Wednesday next week (21.12), the European Court of Justice is expected to deliver its final verdict on whether the inclusion of entire international flights into the EU ETS, planned from January, is a violation of sovereignty rights and the 1944 Chicago Convention on International Civil Aviation. The case, brought forward by the Air Transport Association of America (ATA), will likely be dismissed.The fact that the EU ETS will equally cover non-EU airlines is also contested as an illegal taxation of U.S. airlines. In October, the House of Representatives passed a bill banning U.S. carriers...more
Canada Pulls Out Of Kyoto Protocol
On Monday last week (12.12), shortly after the UNFCCC conference in Durban had ended, Canada declared withdrawal from the Kyoto Protocol. Canada is about to fall far short of achieving its Kyoto target which would have obliged the country to reduce its greenhouse gas emissions by 6% by 2012 compared to 1990 levels. Instead, Canada’s emissions have ballooned by 17% from 1990 to 2009, largely due to a boom in emission-intensive oil sand extraction in Alberta. By its move, the government claims to have avoided costs to comply with Kyoto adding up to $14 billion. The decision did not come...more
NER300 Sales Priced in Already
After the 300 million EUAs from the NER300 reserve were delivered to the European Investment bank on 02 December, over-the-counter sales might have begun last week already, however the EIB will not make this public. Volumes and average prices will only be revealed on a monthly basis. Meanwhile, concerns about a possibly detrimental effect of this additional supply on carbon prices have eased somewhat, with many analysts considering the impact to be fully priced in already. Also, large utilities are said to have kept a low profile so far, awaiting the new supply before buying. Additional...more
The Durban Package
COP 17 was the longest climate conference ever. Early on Sunday morning, delegates had brought the Durban Package on its way. The four decisions are a landmark deal in the multilateral approach to tackle climate change. The Durban Package contains: (1) A second commitment period for the Kyoto Protocol without a gap. Thus it has finally become clear that the flexibility mechanisms CDM and JI can continue. (2) The framework that has been built in Cancun is strengthened and has been operationalized. Institutions for Adaptation, Finance, and Technology can launch their work in 2012. A new market...more
