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EMISSIONS: EU Spot Carbon Price Falls Furthers

EMISSIONS
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The latest EU ETS CAP3 EU auction cleared lower at €65.75/ton CO2e, down from €65.99/ton CO2e in the previous auction and the lowest since 23 July according to EEX.

  • The cover ratio was at 1.67, below the five-year average but within the five-year range.
  • There was a total of 27 bids with 16 successful bids.
  • The mean price was €66.48/t CO2e, with the median value at €65.37/t CO2e.
  • EU ETS Dec24 has recouped earlier losses following the auction results to trade higher on the day. Upside is limited as forecasts in NW Europe suggested higher renewables output, while natural gas prices are edging higher today.
    • EUA DEC 24 up 0.2% at 66.63 EUR/MT
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The latest EU ETS CAP3 EU auction cleared lower at €65.75/ton CO2e, down from €65.99/ton CO2e in the previous auction and the lowest since 23 July according to EEX.

  • The cover ratio was at 1.67, below the five-year average but within the five-year range.
  • There was a total of 27 bids with 16 successful bids.
  • The mean price was €66.48/t CO2e, with the median value at €65.37/t CO2e.
  • EU ETS Dec24 has recouped earlier losses following the auction results to trade higher on the day. Upside is limited as forecasts in NW Europe suggested higher renewables output, while natural gas prices are edging higher today.
    • EUA DEC 24 up 0.2% at 66.63 EUR/MT