Jul

2

ECX Monthly Report And EUA & CER Volumes - June 2009

Filed Under Carbon Market, Carbon Trading, Certified Emission Reductions (CERs), EU ETS, EUAs | Leave a Comment

TRADING VOLUMES: June saw continued strong activity in the market with 463,149 contracts traded – the third highest month on record on ECX. Average Daily Volume surpassed 21,000 contracts, representing a 57% year-on-year increase.

DAILY FUTURES: Trading volumes in the EUA and CER Daily Futures really woke up during June, an average of 352,000 tonnes traded per day over the month with the high of 778,000 tonnes on 23rd June.

OPEN INTEREST: The number of open positions in ECX futures and options continues to grow and currently stands at 674,675 lots, an increase of almost 10% over the course of the month.  Read more

Jun

27

CME Group Announces European Union Allowance and Certified Emission Reduction Futures on CME Globex(R)

Filed Under Carbon Futures, Carbon Trading, Certified Emission Reductions (CERs), EU ETS, EUAs | Leave a Comment

CME Group, the world’s largest and most diverse derivatives exchange, today announced that its new In Delivery Month European Union Allowance (EUA) and Certified Emission Reduction (CER) futures contracts will be available for trading on CME Globex beginning on July 11 for trade date July 13. These contracts are listed for trading by NYMEX and are subject to NYMEX rules and regulations.Last week CME Group announced that these contracts would be available on the New York trading floor and through CME ClearPort(R), a set of flexible clearing services open to over the counter (OTC) market participants to substantially mitigate counterparty risk and provide capital efficiencies across asset classes.

The new contracts and their commodity codes will be in delivery month EUA futures (EAF) and in delivery month CER futures (CRE). The first listed month will be September 2009. Read more

Mar

26

Recession lowers cost of EU Emissions Trading Scheme by a half

Filed Under Carbon Markets, Carbon Trading, EU ETS | Leave a Comment

According to the latest analysis by New Carbon Finance, lower economic
growth forecasts have reduced the cost of meeting the 20% reduction target
for the EU Emissions Trading Scheme by 2020 by around a half. In fact, the
cost of meeting the 30% reduction target is now less than last year’s
prediction of the cost of meeting the 20% reduction.

The European Emissions Trading Scheme imposes targets for reductions in carbon dioxide
emissions from large installations in the European power and heavy industry sectors. The
European authorities have agreed to emission reduction targets on 1990 emissions by 2020
of either 20% without a collective international agreement on reducing emissions, or 30%
reduction if other major countries follow suit and an international agreement is signed.
In summer 2008, New Carbon Finance ran its model of the European Emissions Trading
Scheme with GDP forecasts available at that time to determine the total cost of complying
with the 20% targets.  Read more

Mar

4

EU ETS Still Strong Despite Low Carbon Prices

Filed Under Cap and Trade, Carbon Trading, EU ETS, Emissions Trading | Leave a Comment

There’s been a lot of chatter recently how the EU ETS carbon emissions trading market is failing since carbon prices have fallen so dramatically with the economic recession.  A recent Reuters article does a nice job examining this subject: Read more

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