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  • Carbon Update 31 May 2013 PDF

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    - The price of EU carbon allowances broke €4 for the first time in six weeks due to the European Commission announcing that fewer allowances would be auctioned this year than previously planned and that deeper EU Emissions Trading System reforms would be recommended in the fall. - Demand for EU carbon allowances remains strong as evidenced by a recent auction receiving over 7 times as many bids as allowances available. - South Korea aims to lower greenhouse gas emissions 30% by 2020 through launching one of the world's most aggressive cap-and-trade systems in 2015, overcoming powerful industrial interests through broad political support.

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    - The price of EU carbon allowances broke €4 for the first time in six weeks due to the European Commission announcing that fewer allowances would be auctioned this year than previously planned and that deeper EU Emissions Trading System reforms would be recommended in the fall. - Demand for EU carbon allowances remains strong as evidenced by a recent auction receiving over 7 times as many bids as allowances available. - South Korea aims to lower greenhouse gas emissions 30% by 2020 through launching one of the world's most aggressive cap-and-trade systems in 2015, overcoming powerful industrial interests through broad political support.

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    10 views1 page

    Carbon Update 31 May 2013 PDF

    Uploaded by

    David Boles
    - The price of EU carbon allowances broke €4 for the first time in six weeks due to the European Commission announcing that fewer allowances would be auctioned this year than previously planned and that deeper EU Emissions Trading System reforms would be recommended in the fall. - Demand for EU carbon allowances remains strong as evidenced by a recent auction receiving over 7 times as many bids as allowances available. - South Korea aims to lower greenhouse gas emissions 30% by 2020 through launching one of the world's most aggressive cap-and-trade systems in 2015, overcoming powerful industrial interests through broad political support.

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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 3.98. Today, the carbon price broke the 4 mark for the first time in six weeks. The bullish momentum was caused by a European Commission representative stating that 100 million allowances from the new entry reserve will not be auctioned this year as previously planned. The commission have also announced that they will publish deeper EUETS reform recommendations in the autumn. The six draft considerations are attached. Demand for EUA's is still alive, yesterday's auction of EEX of 3,342,000 EUA's at EEX recieved 7.2 million bids. South Korea are positioning themselves to be bastions of climate change. They aim to lower GHG by 30% by 2020. In order to achieve this they are launching the world's most aggressive cap and trade system in 2015. Unlike other Nations where political infighting resulted in watered down emission trading schemes, the carbon market proposal in the Korean Government passed by a 148-3 vote in 2012. In doing so, they overcame the powerful vested interests, industrialists, known as the chaebols.
    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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