Scribd Logo
Upload

Welcome to Scribd!

  • Carbon Update 30 April 2013 PDF

    Uploaded by

    David Boles
    15 views1 page
    - The December 2013 EU carbon allowance contract price was €3.26 per tonne at the time of writing. Carbon prices were slightly bullish due to demand meeting auction supply, though oversupply had reached record levels. - It was the compliance deadline where installations had to submit enough allowances to cover their emissions or face fines. Many smaller commercial installations were opting out of the third phase of the EU emissions trading system by closing their accounts. - In the UK specifically, 20% of phase 2 participants, including facilities owned by several large companies, had withdrawn from phase 3 to avoid continuing registry fees.

    Original Description:

    Original Title

    Carbon Update 30 April 2013.pdf

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    - The December 2013 EU carbon allowance contract price was €3.26 per tonne at the time of writing. Carbon prices were slightly bullish due to demand meeting auction supply, though oversupply had reached record levels. - It was the compliance deadline where installations had to submit enough allowances to cover their emissions or face fines. Many smaller commercial installations were opting out of the third phase of the EU emissions trading system by closing their accounts. - In the UK specifically, 20% of phase 2 participants, including facilities owned by several large companies, had withdrawn from phase 3 to avoid continuing registry fees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    15 views1 page

    Carbon Update 30 April 2013 PDF

    Uploaded by

    David Boles
    - The December 2013 EU carbon allowance contract price was €3.26 per tonne at the time of writing. Carbon prices were slightly bullish due to demand meeting auction supply, though oversupply had reached record levels. - It was the compliance deadline where installations had to submit enough allowances to cover their emissions or face fines. Many smaller commercial installations were opting out of the third phase of the EU emissions trading system by closing their accounts. - In the UK specifically, 20% of phase 2 participants, including facilities owned by several large companies, had withdrawn from phase 3 to avoid continuing registry fees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    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 3.26. Nothing much to report today, no failed auctions. Carbon is ever so slightly bullish and this has been put down to the fact that auction supply is being met by demand. Oversupply has reached record levels and many analysts believe that we are on the knife edge of further drops, citing a failed auction as the main possible trigger, we have had three already. Still, we have the same old soundbites emanating from Europe. Today is the compliance deadline. More than 13,000 installations will have to hand in allowances matching their verified emissions or face a fine equivalent to 100/tonne. It has come to light that many companies are opting out of phase 3 of the EUETS. Commercials that emit less than 25,000 metric tonnes of carbon dioxide per annum can close their accounts once their respective governments have other provisions for cutting GHG's. Currently, we are witnessing the selling of surplus's into the market. The main reason they are doing so is to avoid paying registry fees needed to stay in the market. If we take the UK as an example, a total of 248 out of the 1,196 installations in the UK,(20% of phase 2 UK participants) have withdrawn from phase 3 . These include facilities owned by Carlsberg, Pirelli, Stansted airport and over 50 hospitals.
    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.

    You might also like