Monday, November 7, 2011

Abu Dhabi’s Economic Ambitions Held Back by Dubai-Style Real Estate Slump - Bloomberg

Abu Dhabi’s Economic Ambitions Held Back by Dubai-Style Real Estate Slump - Bloomberg

More supply for Norway

Norwegian treasury urges govt to scrap offset cap: report

Norway’s ministry of finance has urged the government to repeal legislation that limits the number of offsets the country can use to meet its 2020 emissions goal in a bid to cut costs, national newspaper VG said Monday.

More supply of sCER's

Weekly CER awards top 11 mln, issuance queue builds

The U.N. handed out 11.3 million Certified Emission Reductions (CERs) to 35 Clean Development Mechanism (CDM) projects last week, setting November supply on course to hit 23 million at a time when prices are near record lows.

EAU's up 5.9 percent

EU carbon up 5.9 pct, rebounds from fresh low

EU carbon climbed 5.9 percent on Monday on the back of a stronger energy complex, after opening at a fresh 33-month low of 9.35 euros.

EUA prices to erode further

ANALYSIS: Phase three EUA premium to erode further

EU carbon prices for phase three hit a record low last week, but speculative trading, a surprise cut in interest rates, swelling offset supply and record power profit margins mean EUAs could come under further pressure and undermine an EU push towards cleaner energy.

Russia May Overtake Brazil as Third-Biggest CO2 Offsets Supplier, CDC Says - Bloomberg

Russia May Overtake Brazil as Third-Biggest CO2 Offsets Supplier, CDC Says - Bloomberg

Australia's new laws divisive and sweeping

ANALYSIS: "Blood oath" on CO2 laws to haunt Australia's Abbott

Australia's Senate is set to pass laws on Tuesday putting a national price on carbon emissions, one of the country's most sweeping and divisive economic reforms that have been a decade in the making.

More Supply for NZ Carbon Offsets

CO2 New Zealand lands NZ$10 million forestry deal

Offset provider CO2 New Zealand has won the right to develop a reforestation project in the country that could cut emissions by 700,000 tonnes over the next 30 years and boost supply to the NZ emissions trading scheme.

EUA's Rebound

EU carbon up 1.5 pct, rebounds from new lows

European carbon edged 1.5 percent higher on higher power prices in early trade Monday, after opening at a fresh 33-month low.

Austria will sell 200,000 EUA's

Austria to sell 200,000 EUAs on Nov. 28

The Austrian government will auction 200,000 spot EU Allowances on Dutch emissions exchange Climex on November 28, the bourse said on Monday.

Slovakia to sell 27 million Kyoto emission rights

Slovakia selects AAU intermediary

Slovakia has selected Czech consultancy Carbon Redux to help it sell 27 million Kyoto emission rights, as the country seeks to undercut rivals in the crowded intergovernmental market for CO2 permits.


In the long run you can't really legislate supply and demand

Weekly CER awards top 11 mln, issuance queue builds

The U.N. handed out 11.3 million Certified Emission Reductions (CERs) to 35 Clean Development Mechanism (CDM) projects last week, setting November supply on course to hit 23 million at a time when prices are near record lows.

ICE EUA Morning Markers

Emissions Morning Marker
 
ICE-ECX European Emissions - Morning Fifteen Minute Markers
Date Strip Price
November 7, 2011 Nov11 9.55
November 7, 2011 Dec11 9.58
November 7, 2011 Dec12 10.00
November 7, 2011 Dec13 10.59
November 7, 2011 Dec14 11.09

EUA and sCER Price Assessments

OTC price assessments



Close+/-
EUADec 20119.48-0.19
sCERDec 20116.51-0.04

EUA last 30 days

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