Free Trial

EU Spot Carbon Price Rises

EMISSIONS

The latest EU ETS CAP3 EU auction cleared at €70/ton CO2e, compared with €68.71/ton CO2e in the previous auction and the highest since 11 June according to EEX.

    • EUA DEC 24 up 1.4% at 71.37 EUR/MT
  • The cover ratio was at 1.62, below the five-year average but within the five-year range.
  • The median price was at €69.78/ton CO2e and the mean price at €70.35/ton CO2e.
  • A total of 20 bids were submitted with16 successful bids.
  • EU ETS Dec 24 is trading at the highest since 2 July today with gains in European gas and political uncertainty in France following the latest election on 7 July. The French leftist NFP coalition surprisingly won the most votes in the second-round French legislative election, though fell well short of an overall majority.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.