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  • Carbon Update 30 July 2013-1

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    David Boles
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    The carbon price in the EU Emissions Trading System survived a weak auction to stay above €4.30 per ton despite lower demand and cover ratio at the previous day's auction. Prices are supported by upcoming reductions in auction volumes in August. The EU will reward environmentally-friendly agricultural practices but more work is needed as agriculture is a large contributor to emissions. A proposal to cut fees on UN offsets was debated but did not pass.

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    The carbon price in the EU Emissions Trading System survived a weak auction to stay above €4.30 per ton despite lower demand and cover ratio at the previous day's auction. Prices are supported by upcoming reductions in auction volumes in August. The EU will reward environmentally-friendly agricultural practices but more work is needed as agriculture is a large contributor to emissions. A proposal to cut fees on UN offsets was debated but did not pass.

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    Carbon Update 30 July 2013-1

    Uploaded by

    David Boles
    The carbon price in the EU Emissions Trading System survived a weak auction to stay above €4.30 per ton despite lower demand and cover ratio at the previous day's auction. Prices are supported by upcoming reductions in auction volumes in August. The EU will reward environmentally-friendly agricultural practices but more work is needed as agriculture is a large contributor to emissions. A proposal to cut fees on UN offsets was debated but did not pass.

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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 4.37. The carbon price survived weak auction data to stay above the 4.30 mark. Demand at yesterdays auction was down, the cover ratio was 2.18 (cover ratio = amount of bids/no. of allowances) versus cover ratio figures above 4 for auctions at the tail end of last week. Prices will also be buoyed by the fact that auction volumes are set to be reduced from this Thursday. Auction volumes are set to drop to 2,010,000 allowances or below for the month of August but will retrurn to normal levels again in September. The agricultural sector is set to reward environmentally friendly practices through the Common Agricultural policy (CAP). However, researchers claim that this will do little to reduce green house gas emissions from the agricultural sector over the next decade. As agriculture is one of the larger offending sectors when it comes to emissions alot more work is needed but a good start has been made. The UN have decided not to slash UN issuance fees of UN offsets yesterday. The proposal was debated in an effort to support the ailing market but did not garner enough support to be pushed through.
    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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