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EMISSIONS: German Carbon Permit Price Falls

EMISSIONS

The latest weekly German EUA CAP3 auction cleared at€64.89/ton CO2e, compared with €67/ton CO2e in the previous auction and the lowest level since mid-July according to EEX.

  • The cover ratio stood at 1.48, below the five-year average but within the five-year normal.
  • The mean price stood at €66.58/t CO2e and the median price was at €64.85/ton CO2e.
  • There was a total of 22 bids with 19 successful bidders.
  • The EU ETS Dec24 is trading higher today with gains in natural gas albeit tracking a weekly net decline.
    • EUA DEC 24 up 0.3% at 65.63 EUR/MT

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