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    DBLM Solutions Carbon Newsletter 10 Sep 2015

    Uploaded by

    David Boles
    The carbon price for EUA contracts has been bullish, holding above €8 despite attempts to break lower. The spread between EUA and CER contracts widened this week. Auction prices for EU carbon allowances were between €8.06-€8.09 with cover ratios of 2.23 to 5.01. Developing nations continue to push for compensation from developed countries for extreme weather events linked to climate change, though costs could run into billions; a recent proposal from the US is seen as a step forward but issues around "loss and damage" almost derailed prior climate talks.

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    DBLM Solutions Carbon Newsletter 10 Sep 2015

    Uploaded by

    David Boles
    21 views1 page
    The carbon price for EUA contracts has been bullish, holding above €8 despite attempts to break lower. The spread between EUA and CER contracts widened this week. Auction prices for EU carbon allowances were between €8.06-€8.09 with cover ratios of 2.23 to 5.01. Developing nations continue to push for compensation from developed countries for extreme weather events linked to climate change, though costs could run into billions; a recent proposal from the US is seen as a step forward but issues around "loss and damage" almost derailed prior climate talks.

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    The carbon price for EUA contracts has been bullish, holding above €8 despite attempts to break lower. The spread between EUA and CER contracts widened this week. Auction prices for EU carbon allowances were between €8.06-€8.09 with cover ratios of 2.23 to 5.01. Developing nations continue to push for compensation from developed countries for extreme weather events linked to climate change, though costs could run into billions; a recent proposal from the US is seen as a step forward but issues around "loss and damage" almost derailed prior climate talks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views1 page

    DBLM Solutions Carbon Newsletter 10 Sep 2015

    Uploaded by

    David Boles
    The carbon price for EUA contracts has been bullish, holding above €8 despite attempts to break lower. The spread between EUA and CER contracts widened this week. Auction prices for EU carbon allowances were between €8.06-€8.09 with cover ratios of 2.23 to 5.01. Developing nations continue to push for compensation from developed countries for extreme weather events linked to climate change, though costs could run into billions; a recent proposal from the US is seen as a step forward but issues around "loss and damage" almost derailed prior climate talks.

    Copyright:

    © All Rights Reserved
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    of 1

    Issue CCI

    Carbon Newsletter

    DBLM Solutions
    10 Aug 2015

    The EUA Dec14 contract is currently at 8.32.


    The carbon price is bullish the last 2 days as our
    new range above 8 holds firm despite several
    attempts to break below.
    Weekly
    Recap

    ICE
    EUA
    Spot

    ICE CER
    Spot

    ICE
    EUA
    Dec15

    ICE CER
    Dec15

    03/09/2015

    8.15

    0.52

    8.19

    0.52

    04/09/2015

    8.08

    0.52

    8.09

    0.52

    07/08/2015

    8.07

    0.51

    8.10

    0.50

    08/09/2015

    8.20

    0.53

    8.24

    0.51

    09/09/2015

    8.27

    0.52

    8.28

    0.51

    Volumes lots

    2,053

    15

    48,151

    245

    Week %

    1.47%

    1.09%

    -1.93%

    The EUA/CER spread widened this week to 7.75,


    at close of business last night versus the 7.58
    spread we witnessed last week and 7.57 the week
    before.

    Auctions
    EEX held auctions last Thursday, Friday & Mon.
    Auction prices were 8.06, 8.02, 8.09 & 7.94
    respectively. The cover ratios for the above
    auctions were 2.23, 2.85, 2.82 & 5.01 respectively.
    respectively. (Cover ratio = no. of bids divided by
    auctioned allowances.

    Loss and Damage


    UN climate talks in Paris are now less than 100
    days away. As every year, the key issue is
    compensation for developing Nations.
    Poorer countries want compensation for extreme
    weather events that they link to large scale carbon
    emissions. The US and EU have avoided this idea
    due to the cost which could run into billions.
    However, a clarified proposal from the US, made
    last Friday, is being seen as a "step forward" by
    some delegates.
    Loss and damage has increasingly become a
    totemic issue for developing nations, who point to
    events like Typhoon Haiyan as an example of the
    tremendous damage that extreme weather events
    can wreak on the most vulnerable.
    They argue that the world is seeing a greater
    frequency of these events and they are caused, in
    the main, by emissions of carbon dioxide that are
    mainly the responsibility of the rich.
    The question almost derailed the UN process in
    Poland in 2013. The parties eventually agreed to set
    up the so-called Warsaw Mechanism, which was
    given two years to develop a plan of how the issue
    should be tackled.
    Poorer Nations point to reports from insurers which
    say that losses linked to weather events have risen
    from around $50bn a year in the 1980s to around
    $200bn now.
    The US proposal suggests that the Warsaw
    mechanism be extended and made permanent.

    The contents of the Newsletter is not a recommendation, either implicit or explicit, to buy or sell emission permits.
    Contact: David Boles, Compliance Markets -Direct: +3531 4433 584; Mob: +353 831747707
    DBLM Solutions is partly funded by the Wicklow Enterprise Board.

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