Issue CCVIII

Carbon Newsletter

DBLM Solutions
29 Oct 2015

The EUA Dec14 contract is currently at 8.45.

The carbon price has shown very steady gains over
the last 6 weeks with the associated prospect of
establishing itself within a higher range than
initially thought.
Weekly
Recap

ICE
EUA
Spot

ICE CER
Spot

ICE
EUA
Dec15

ICE CER
Dec15

22/10/2015

8.46

0.58

8.48

0.58

23/10/2015

8.60

0.60

8.63

0.59

26/10/2015

8.64

0.61

8.66

0.59

27/10/2015

8.60

0.60

8.62

0.61

28/10/2015

8.53

0.61

8.59

0.61

Volumes lots

3,743

363

66,030

13

Week %

0.82%

5.17%

1.29%

5.17%

Global Carbon Price

The Media made a big deal out of the fact that a
global carbon price wont be struck at tyhe Global
Climate Summit in Paris this September. Some
analysts believe that there is still too much work to
be done regarding energy efficiency as well as
activating emission reduction protocol in sectors
besides the energy producing and Industrial sector.

Global Carbon tax Value

The EUA/CER spread widened this week to 7.92,

at close of business last night versus the 7.88
spread we witnessed last week and 7.64 the week
before.

Auctions
EEX held auctions last Thursday, Friday & Mon,
Tuesday & Wednesday. Auction prices were
8.44, 8.52, 8.55 & 8.63 respectively. The
cover ratios for the above auctions were 4.16, 4.58,
2.41 & 2.76 respectively. (Cover Ratio = Number
of bids/Auction Volume)

Governments around the world will this year raise

around $22 billion from schemes putting a price on
carbon dioxide (CO2) emissions such as taxes or
emissions trading systems, a report on Wednesday
showed.
The role of carbon pricing, in efforts to curb rising
emissions blamed for global warming, has gained
prominence this year after several multinational
companies including oil majors said such a price is
needed to spur investment in low-carbon energy.
The figure is up 46 percent from an estimated $15
billion raised in 2014, the report by industry group
the Climate Markets and Investment Association
(CMIA) showed.
Europe, which has an emissions trading system
(ETS) as well as carbon taxes in some countries,
accounted for almost three quarters of the revenue,
the report said. This just goes to show that these
sovereign revenues have only started to grow and
exponential growth can be expected over the
coming years.

The contents of the Newsletter is not a recommendation, either implicit or explicit, to buy or sell emission permits.
Contact: David Boles, Compliance Markets -Direct: +3531 4433 584; Mob: +353 831747707
DBLM Solutions is partly funded by the Wicklow Enterprise Board.