Carbon weekly

  • European carbon

    European carbon cover image Published 18 Mar 2019 by
    Though we are loath to let our weekly become a Brexit blog, we cannot help but flag what will be another meaningful week in Brexit developments with only 11 days until the Article 50 deadline. Last week’s series of frantic votes in the UK Parliament went largely as expected as MPs rejected Prime..

    Read more

  • European carbon

    European carbon cover image Published 11 Mar 2019 by
    It is going to be another big week for risk around Brexit in the European carbon market. A second vote in the UK parliament is scheduled for Tuesday (12 March) on what looks to be a largely unmodified version of prime minister Theresa May’s Brexit deal that was defeated by a margin of 230 v..

    Read more

  • European carbon

    European carbon cover image Published 4 Mar 2019 by
    One of the weights on the carbon price this year has been Brexit risk—the fear over what will happen to the European economy and asset prices in the event of a no-deal UK exit. The perception of the risks around a no-deal scenario had grown in recent months with the deadline of 29 March for..

    Read more

  • European carbon

    European carbon cover image Published 25 Feb 2019 by
    EUAs explored a new lower range last week, after breaking out of the technical range that had held for the better part of seven weeks in the week ending 15 February. We think that new lower range will be between 18.0-21.3 €/t, at least in the run-up to the Brexit Article 50 deadline of 29 March...

    Read more

  • European carbon

    European carbon cover image Published 18 Feb 2019 by
    After spending six weeks cycling in a technical range (21.3-25.7 €/t), EUAs finally broke out to the downside late last Tuesday (12 February). This did not trigger a massive EUA sell-off, but prices failed to return to the previous support level, which is likely to herald a period where the marke..

    Read more

  • European carbon

    European carbon cover image Published 11 Feb 2019 by
    EUAs continued to trade steadfastly in a 21.4–25.7 €/t technical range last week, closing Friday in the lower part of the range but posting an 1.7% w/w gain. While there was no surprise in that technical trading range, it was a very soft week for the related fuels complex. The EU natur..

    Read more

  • European carbon

    European carbon cover image Published 4 Feb 2019 by
    EUAs remained firmly parked in their 21.4–25.7 €/t technical range last week, though the market did soften early in the week as coal news began to emerge from Germany. According to reports, the German coal committee had agreed that the country would end all coal-fired power generation..

    Read more

  • European carbon

    European carbon cover image Published 28 Jan 2019 by
    This week is set to feature some important events with implications for the carbon market. The first is Brexit and the fate of UK installations in the EU ETS. After a period of intense political maneuvering, UK politicians have started to move away from more extreme positions (a ‘no deal&rs..

    Read more

  • European carbon

    European carbon cover image Published 21 Jan 2019 by
    Oh Brexit—the topic that promises to keep on injecting volatility into the carbon market, at least over the next few months. Last week, the UK parliament rejected the Brexit deal that had been negotiated by Theresa May’s government and the EU. While the carbon market surged after the vote, appear..

    Read more

  • European carbon

    European carbon cover image Published 14 Jan 2019 by
    One of the key uncertainties hanging over the EU ETS has been what will happen to UK installations come Brexit. The vote in the UK parliament, which will now take place on Tuesday (15 January), on Theresa May’s negotiated Brexit deal could help provide some clarity. If the withdrawal agreement is..

    Read more

  • European carbon

    European carbon cover image Published 7 Jan 2019 by
    Despite the huge gains in EUA prices in 2018, the market consensus is bullish for 2019. That bullishness continues to stem from the expected impacts of the market stability reserve (MSR), which from 1 January will remove 400 Mt from EUA auction supply across 2019. Still, how bullish the market wi..

    Read more

  • European carbon

    European carbon cover image Published 17 Dec 2018 by
    Please note that this will be the last Carbon Weekly of 2018. The next edition will be published on 7 January. We wish our readers a prosperous 2019!The UNFCCC annual climate conference (COP24) finished last week in Poland, with agreement on many technical aspects for implementing the Paris..

    Read more

  • European carbon

    European carbon cover image Published 10 Dec 2018 by
    This week will be big for the carbon market, with two key events that the market will be watching carefully. On Tuesday, the UK parliament will vote on Prime Minister Theresa May’s Brexit deal. The signs are that the deal will be rejected by parliament, as the opposition has largely rejected it a..

    Read more

  • European carbon

    European carbon cover image Published 3 Dec 2018 by
    While the EUA market continued to orbit 20 €/t last week, there were two policy announcements with longer-term ETS implications. On 27 November, the French energy ministry released a new energy policy that represented a considerable deceleration in the pace of nuclear plant closures envisaged in..

    Read more

  • European carbon

    European carbon cover image Published 26 Nov 2018 by
    The EUA market was busy testing upside resistance last week, while background noise came from developments both on Brexit and from the German coal committee. The UK’s exit process from the EU continues to balance on a knife edge. The success of UK prime minister Theresa May in getting the leaving..

    Read more