November 28, 2024 10:05 GMT
EMISSIONS: EU Carbon Permit Price Falls
EMISSIONS
The latest EU ETS CAP3 auction cleared lower at €67.91/ton CO2e, compared with €69.37/ton CO2e in the previous auction, while widening the premium to the futures contract according to EEX.
- The auction cleared at a 0.06€/ton CO2e premium to the futures contract, compared with a 0.02€/ton CO2e premium in the previous session.
- The cover ratio was at 1.70, compared with 1.65 in the previous auction and slightly above the five-year average.
- There was a total of 27 bids with 23 successful bids.
- The mean price was at €69.16/t CO2e and the median price was at €67.68/t CO2e.
- EU ETS Dec24 is edging down today with weakness in EU gas prices.
- EUA DEC 24 down 0.5% at 68.15 EUR/MT
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