European carbon market halted its uptrend begun in late January on the lack of any price moving signals and lower demand at the weekly auctions compared with most auctions this year. Analyses by Reuters Point Carbon indicated indecision among market participants on the future market direction. The main price driver for EUAs currently remains the MSR debate in the EU Parliament, with the EU Parliament committee on environment (ENVI) scheduled to vote on the measure on February, 24. The EUAs Dec-15 contract closed the week at €7.14/t, losing €0.14/t (-1.92 percent) compared to the previous Friday’s close.
In the UN-backed CDM market, the CER contract for December 2015 closed at €0.43/t, down €0.02/t (-4.4 percent) week-on-week.
(Market analysis and data by Thompson Reuters PointCarbon, our data visualization using Tableau Public)