September 06, 2024 09:06 GMT
EMISSIONS: German Carbon Permit Price Falls
EMISSIONS
The latest weekly German EUA CAP3 auction cleared at €67/ton CO2e, down from €70.07/ton CO2e in the previous auction, while the cover ratio rose above the five-year normal for the first time for any auction since end July according to EEX.
- The cover ratio stood at 2.45, above the seasonal normal.
- The mean price stood at €66.84/t CO2e and the median price was at €66.32/ton CO2e.
- There was a total of 26 bids with 12 successful bidders.
- The EU ETS Dec24 is trading higher today with support from natural gas markets, shrugging off weaker IP data out of Germany and France.
- EUA DEC 24 up 1.9% at 67.49 EUR/MT
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