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EMISSIONS: EU Carbon Permit Price Falls, Cover Ratio Above Average

EMISSIONS

The latest EU ETS CAP3 EU auction cleared lower at €64.94/ton CO2e, compared with the previous auction at €65.10/ton CO2e on 12 September according to EEX.

  • The cover ratio was at 2.05, above the five-year average but below the five-year maximum.
  • There was a total of bids 24 with 5 successful bids.
  • The mean price was €64.68/t CO2e, with the median value at €61.91/t CO2e.
  • EU ETS Dec24 is trading lower today to the lowest since 11 April amid a pullback in European gas prices.
    • EUA DEC 24 down 0.6% at 64.59 EUR/MT
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The latest EU ETS CAP3 EU auction cleared lower at €64.94/ton CO2e, compared with the previous auction at €65.10/ton CO2e on 12 September according to EEX.

  • The cover ratio was at 2.05, above the five-year average but below the five-year maximum.
  • There was a total of bids 24 with 5 successful bids.
  • The mean price was €64.68/t CO2e, with the median value at €61.91/t CO2e.
  • EU ETS Dec24 is trading lower today to the lowest since 11 April amid a pullback in European gas prices.
    • EUA DEC 24 down 0.6% at 64.59 EUR/MT