🚀 European carbon price ended April on a strong bullish note, at near €70

The benchmark Dec-24 EUA is up 18% from its closing price of €58.72 on 2 April

Strong correlation between #EUETS price (right, blue) and TTF gas

Der CO2-Preis im #EUETS 🇪🇺hat heute zum ersten Mal die 100€-Marke geknackt 💯. Das ist ein wichtiges Signal für Investitionen in den Klimaschutz: das knapper werdende #CO2Budget spiegelt sich in den steigenden Preisen wider.

NEW DATA: Latest CO2 emissions data for every power plant in the EU. #euets #opendata
ember-climate.org/data/data-tool…

🙀 European carbon price rebounded to above €62/t

it is moving in lockstep with TTF gas prices #EUETS

Par for the course really, but still shocking to see the blatant falsehoods in Craig Mackinlay's comment for the Daily Express

Just one eg – he falsely claims UKETS is 'uniquely expensive', when the current EUETS price is around 60% higher (€90/t, £78) than in UK at £48/tCO2

The large drop in 🇪🇺 European Carbon price this year (so far) has triggered the discussions of 'introducing price floor #EUETS ' again

My view is:
we shall not focus too much on short-term movements (such as 'speculators driving EUETS price to €100')

🧵

📉European Carbon price fell to the lowest level since Q3 2021 and below €54/t on Monday morning as weak #EUETS fundamentals continue to exert downward pressure

📊 Subsidies for #hydrogen lead to:

🔹lower #EUETS prices: 15-30 EUR difference in 2035-2050
🔹decrease in EU's #GDP & #consumption : fall in consumption in 2030 (0.3%) is larger than fall in GDP due to increased investments (0.8%)

👉More: climatecake.ios.edu.pl/wp-content/upl…

#LIFEVIIEW2050

The way I see it - the #EUETS is a victim of its own success.

Indeed, each time the carbon price dips €1, that’s €724 million in lost carbon revenue.

The problem is that the successful high carbon price over the last years has been tempting decision-makers to tap into it in

⬆️ European carbon price rebounded strongly to almost €75/t today

It’s all about gas, which pulled #EUETS price up

montelnews.com/news/de91a15c-…

欧州水素銀行オークションを落札した7プロジェクトが4月30日に発表された

■ プロジェクト7件に約7億2,000万ユーロを交付
■ 資金はEUETSの収益から拠出
■ 10年間で158万tの水素
■ 10年間で1,000万t以上のCO2 排出を回避

欧州の水素政策（2030年以降はHourly

Nicht nur die Gaspreise, auch die Preise für CO2-Zertifikate im EU-Emissionshandel #EUETS sinken stark und erreichen mit 53,5 Euro pro Tonne CO2 einen Wert, den wir zuletzt im Sommer 2021 gesehen haben.

The news is out🗞️

In 2️⃣0️⃣2️⃣3️⃣, there was a 15.5% decrease in #EUETS emissions compared to 2022 levels.

The record reduction is largely due to the increase of 🇪🇺 renewable energy production at the expense of both coal and gas.

Read➡️: climate.ec.europa.eu/news-your-voic…

#EUClimateAction

Seriously EU Commission?

You must be kidding, burying a vital feedback round on policymaking for free ETS pollution subsidies in end-of-year holidays.

Undermining transparency and public participation goes against Better Regulation principles.

EU Climate Action #EUETS #OCTT

EU carbon allowances are getting awfully close to €100 a ton.

Interesting divergence between carbon prices and the broader commodity complex. You can load this chart on Bloomberg Terminal via {G #BI 118947<GO>}

#Energy #EUETS #ESG #Carbon #CO2

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Connect at [email protected] #EUETS #EUMRV #IMO

New fresh take is out! #euets
🦊Lower EUA prices are set to prompt a drop in EU Fund auction revenues in 2024, which could see more volumes auctioned in the second half of 2025 and 2026 if the REPoweEU sales fund revenue targets are not reached?

Are you an organisation with expertise in aviation and climate change policy?✈️🌍

Can you help 🇪🇺 update the #EUETS ?

Apply to join our expert group👇

⏰Deadline: 7 November
➡️More information: climate.ec.europa.eu/news-your-voic…

What does the #FitFor55 decision mean for the #EUETS ?
➡️cap will go down to zero (!) by 2040
➡️large parts of the electricity sector are already decarbonised by 2030
➡️ #coal is basically phased-out across 🇪🇺by then.
Great paper by Potsdam Institute for Climate Impact Research PIK's M. Pahle papers.ssrn.com/sol3/papers.cf…

☕️ Good morning #euets
🤖Technicals: ‘Doji’ candlestick indicates indecision
🌞Markets: Neutral to slightly bearish signal from weather
💰Funds cut CoT net short positions to three-months low
🇪🇺 European Equities market set to open higher Thursday