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German EUA ETS Auction Drops Sharply

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The latest weekly German EUA CAP3 auction cleared lower at €64.73/ton CO2e, compared with €67.06/ton CO2e in the previous auction held on 12 July according to EEX.

  • EUA DEC 24 down 0.6% at 66.06 EUR/MT
  • The cover ratio stood at 2.24 compared to 1.73 in the previous session, with around 4.02mn bids made compared to around 3.11mn on 12 July.
  • The mean price stood at €65.16/ton CO23 from €67.68/ton CO2e and the median price at €64.48/ton CO2e compared to €67.01/ton CO2e.
  • There was a total of 25 bids compared to 28 made on 12 July.

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