Markets
11 Jan 2012 18:30 CET
EIB says sold 12 mln EUAs from NER300 in December
The European Investment Bank (EIB) last month sold 12 million EU Allowances from a 300-million unit…
11 Jan 2012 18:30 CET
The European Investment Bank (EIB) last month sold 12 million EU Allowances from a 300-million unit…
11 Jan 2012 19:14 CET
A French court on Wednesday sentenced five people to one to five years in jail, and to pay massive f…
11 Jan 2012 11:32 CET
The European Commission has warned 17 EU nations that it could start legal proceedings against them…
In this report we discuss what to expect from the last trading year in phase 2 of the EU ETS. The report provides an overview on the key events for the carbon market and what we expect to drive the carbon price over the year.
POINT CARBON ANALYSIS – The WCI will overtake RGGI as America’s largest carbon market in 2012, when two allowance auctions and increased activity in the secondary market make for significant volume growth in our view. The prospect that RGGI’s 2012 review will result in a tighter allowance budget will raise slightly the program’s prices, but we see RGGI’s 2012 auctions clearing under $2/ton as emitters purchase all available allowances. Amid continued risk and uncertainty surrounding purchases of California-eligible offsets, we expect 2012 offset market activity to resemble that of 2011. We forecast a total 2012 North American carbon market volume of 179 Mt, with a value of $782 million. This is roughly double the 2011 volume and value, with the latter increase driven by the WCI’s higher allowance prices.