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EMISSIONS: EU Carbon Spot Price Falls

EMISSIONS
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The latest EU ETS CAP3 auction cleared lower at €76.77/ton CO2e, compared with €80.08/ton CO2e in the previous auction, while widening the discount to the futures contract according to EEX. 

  • The auction cleared at a 0.07€/ton CO2e discount to the futures contract, compared with a 0.03€/ton CO2e discount in the previous auction.
  • The cover ratio was at 1.46, compared with 1.49 in the previous auction and below the five-year minimum.
  • There was a total of 25 bids with 20 successful bids.
  • The mean price was at €77.21/t CO2e and the median price was at €76.76/t CO2e.
  • EUAs 2025 are pulling back to trade at the lowest since 28 January, with forecasts for milder weather and sharp losses in EU gas prices.
    • EUA DEC 25 down 1.7% at 78.9 EUR/t CO2e
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The latest EU ETS CAP3 auction cleared lower at €76.77/ton CO2e, compared with €80.08/ton CO2e in the previous auction, while widening the discount to the futures contract according to EEX. 

  • The auction cleared at a 0.07€/ton CO2e discount to the futures contract, compared with a 0.03€/ton CO2e discount in the previous auction.
  • The cover ratio was at 1.46, compared with 1.49 in the previous auction and below the five-year minimum.
  • There was a total of 25 bids with 20 successful bids.
  • The mean price was at €77.21/t CO2e and the median price was at €76.76/t CO2e.
  • EUAs 2025 are pulling back to trade at the lowest since 28 January, with forecasts for milder weather and sharp losses in EU gas prices.
    • EUA DEC 25 down 1.7% at 78.9 EUR/t CO2e