Carbon Markets Weekly 26-30 January

European carbon market saw a slight upward correction in EUA prices following the heavy losses from the previous week. According to Reuters Point Carbon, some support might have come from rumours stating a majority in the EU Council supports a transfer of the backloaded allowances to the MSR. Analysts suggest that the main price driver for EUAs in the next weeks will be the MSR debate in the EU Parliament, with the EU Parliament committee on environment (ENVI) scheduled to vote on the measure on February, 24. On Wednesday speculative buying and firming power prices boosted the benchmark contract, while solid demand at Polish auction added to the positive sentiment. The Dec-15 contract closed the week at €7.28/t, up €0.4/t (+5.18 percent) compared to the previous Friday’s close.

In the UN-backed CDM market, the CER contract for December 2015 closed flat at €0.45/t.

 

(Market analysis and data by Thompson Reuters PointCarbon, our data visualization using Tableau Public)