October 02, 2024 13:56 GMT
EMISSIONS: UKA Permit Price Falls to £34.91/ton CO2e
EMISSIONS
The latest UKA ICE auction cleared at lower at £34.91/ton CO2e, down from the previous auction £39.20/ton CO2e according to ICE.
- The cover ratio was at 1.688, compared with 1.577 in the previous auction.
- There was a total of 21 bids with 18 selected bids.
- UKA Dec24 allowances have continued the trend lower since mid-September, with prices falling sharply last week after the UK government issued a proposal to extend the current system of allocating free allowances under the UK ETS scheme by one year.
- UKA ICE Dec24 down 1.03% to 35.65/ton Co2e
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