Published 18:00 on January 19, 2018 / Last updated at 19:51 on January 19, 2018 / EMEA, EU ETS / No Comments
Analysts polled by Carbon Pulse have raised their near-term forecasts for EU carbon by as much as 10%, with most predicting that front-year EUAs would finish this year near or above €10 but keeping a cautious tone for prices in early 2018.
Published 19:25 on January 19, 2018 / Last updated at 19:25 on January 19, 2018 / EMEA, EU ETS / No Comments
EU carbon prices hit their highest level in five years on Friday as this week's rally continued, though observers continued to question whether the gains were sustainable amid bearish indicators and still distant market reforms.
South Korean carbon traders and brokers are seeing a significant uptick in approaches from European investors looking to take advantage of impending offset rule changes in the Korean ETS, but opportunities are likely to be limited, according to market participants.
China has handed over the responsibility of running the nation’s offset registry to the Beijing Environment Exchange, but has yet to give final approval for reopening issuance of new carbon credits, according to several sources familiar with the matter.
Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.
Global traded carbon volumes rose 5% in 2017 to 6.3 billion tonnes of CO2e while the overall value of the markets climbed 22% to €41 billion ($33.5 billion), the Point Carbon analysts at Thomson Reuters said in a market review published Thursday.
Published 23:36 on January 18, 2018 / Last updated at 23:36 on January 18, 2018 / Americas, US / No Comments
New England utilities are pushing Massachusetts’ highest court to scrap the state’s new cap-and-trade system, arguing that regulators have overstepped their authority in introducing the rules.
Published 18:25 on January 18, 2018 / Last updated at 18:59 on January 18, 2018 / EMEA, EU ETS / No Comments
EU carbon prices surged past the €8.50 mark on Thursday, hitting a fresh two-year peak in a third straight day of gains that continued to defy bearish fundamentals and predictions about another January sell-off.
Trading activity in North America's two carbon markets remained at very modest levels this week as the start of their respective three-year compliance periods has left installations relaxed about buying.
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