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EMISSIONS: UKA Auction Price Falls Sharply

EMISSIONS

The latest UKA ICE auction cleared at lower at £35.50/ton CO2e, compared with the previous auction at £37.3/ton CO2e on 13 November according to ICE.

  • The cover ratio was at 1.337, compared with 1.589 in the previous auction.
  • There was a total of 17 bidders with 16 successful bidders.
  • UKA Dec24 carbon allowances fell sharply with the auction result to the lowest since 8 October.
    • ICE UKA Dec down 2.9% at 36.05 GBP/MT
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The latest UKA ICE auction cleared at lower at £35.50/ton CO2e, compared with the previous auction at £37.3/ton CO2e on 13 November according to ICE.

  • The cover ratio was at 1.337, compared with 1.589 in the previous auction.
  • There was a total of 17 bidders with 16 successful bidders.
  • UKA Dec24 carbon allowances fell sharply with the auction result to the lowest since 8 October.
    • ICE UKA Dec down 2.9% at 36.05 GBP/MT