October 11, 2024 09:04 GMT
EMISSIONS: German Carbon Permit Price Rebounds
EMISSIONS
The latest weekly German EUA CAP3 auction cleared higher at €63.71/ton CO2e, up from the previous auction at €61.03/ton CO2e according to EEX.
- The cover ratio stood at 2.03, above the five-year average.
- The mean price stood at €63.83/t CO2e and the median price was at €63.41/t CO2e.
- There was a total of 25 bids with 17 successful bids.
- EU ETS Dec24 is pulling down today, price moves again in tandem with moves in natural gas prices, with allowances currently still on track for a weekly increase of around 3.6%.
- EUA DEC 24 down 1.2% at 64.24 EUR/MT
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