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  • Carbon Update 04 June 2013

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    David Boles
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    The document provides an overview of the carbon market and recent developments. It notes that the price of EU carbon allowances has risen above €4 for the second time this week. Additionally, the International Air Transport Association recently adopted a resolution in favor of a market-based mechanism to mitigate aviation emissions. This makes it more likely that international aviation will not re-enter the EU's Emissions Trading System before 2020. The document also cautions that past financial performance is not indicative of future results.

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    The document provides an overview of the carbon market and recent developments. It notes that the price of EU carbon allowances has risen above €4 for the second time this week. Additionally, the International Air Transport Association recently adopted a resolution in favor of a market-based mechanism to mitigate aviation emissions. This makes it more likely that international aviation will not re-enter the EU's Emissions Trading System before 2020. The document also cautions that past financial performance is not indicative of future results.

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    Download as PDF, TXT or read online from Scribd
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    34 views1 page

    Carbon Update 04 June 2013

    Uploaded by

    David Boles
    The document provides an overview of the carbon market and recent developments. It notes that the price of EU carbon allowances has risen above €4 for the second time this week. Additionally, the International Air Transport Association recently adopted a resolution in favor of a market-based mechanism to mitigate aviation emissions. This makes it more likely that international aviation will not re-enter the EU's Emissions Trading System before 2020. The document also cautions that past financial performance is not indicative of future results.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    DBLM Solutions

    David Boles 01 4433584 (Direct) dblmdavid (SKYPE) david@dblmsolutions.com

    DBLM Solutions Carbon Update


    Carbon Overview

    David Boles 01 4433584 (Direct) dblmdavid (SKYPE) david@dblmsolutions.com

    At time of writing the Dec '13 EUA Contract was at 4.08. This is the second time that carbon has broken the 4.00 resistence level this week. After months of uncertainty, the aviation sector has sent a clear signal that they are pro cap and trade. The International Air Transport Association's annual general meeting in Cape town, yesterday adopted a resolution in favour of a market based mechanism to mitigate the sectors emissions. The proposal comes amidst the UN's International Civil Aviation Organisation's (ICAO) laboured efforts to try minimise aviation sector emissions. The ICAO consists of government representatives whereas IATO members consist of the airline representatives. The 'stop the clock' scenario whereby airlines which fly into European space, are given a moratorium from EUETS participation, which was to last until september 2013, now may continue to 2020. The biggest implication of this is it makes it more likely that international aviation will not come back into the EU ETS, Trevor Sikorski, an analyst at Energy Aspects Ltd. in London, said It seems very difficult for the European Commission to make a case for this, particularly if something similar comes out of ICAO this year.
    Dec 13 EUA

    Past performance may not be a reliable guide to future performance. Mention of specific commodities should not be taken as a recommendation to buy or sell these commodities. Commodity Trading is risky and DBLM Solutions assume no liability for the use of any information contained herein. Past financial results are not necessarily indicative of future performance. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to accuracy. Any examples given are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples. Neither this information, nor any opinion expressed, constitutes a solicitation to buy or sell futures or options or futures contracts, or OTC products. Reproduction without authorization is forbidden. All rights reserved. DBLM Solutions.

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