Free Trial
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.
EMISSIONS
The TNAC in 2023 declined by 2% on the year due to a slight increase in allowances supply and weaker demand according to BNEF.
- Emissions covered by the EU ETS declined by 19% on the year amid renewables growth and muted economic growth.
- However, the decline is significantly smaller than in 2022, when TNAC fell by 22% on the year.
- The European Commission announced the TNAC on the European carbon market on 1 June, reducing the auction volume by 267 million between Sept 24 and Aug 25 according to a statement. The 2023 TNAC stood at 1,1111,736, 535.
- BNEF forecasts EU ETS prices to average €64/ton CO2e this year, down by €20/ton CO2e on the year.
- The decline in prices is due to low demand and an increase in total allowances supply of 4% on the year.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok