Professional Documents
Culture Documents
Carbon Newsletter
DBLM Solutions
06 July 2015
ICE
EUA
Spot
ICE CER
Spot
ICE
EUA
Dec15
ICE CER
Dec15
30/07/2015
7.93
0.47
7.87
0.46
31/07/2015
7.84
0.48
7.87
0.47
03/08/2015
7.85
0.47
7.96
0.46
04/08/2015
7.89
0.47
7.93
0.46
05/08/2015
7.81
0.45
7.83
0.42
Volumes lots
1,864
108
40,367
153
-1.51%
-4.25%
-0.50%
-8.69%
Week %
US
President Obama announced his Clean Power plan
this week. The plan offers to reduce GHGs in the
United States by 32% by 2030 from 2005 levels.
The Rule has already raised a storm of opposition
and is likely to be met with heavy litigation. It is
believed that the rule is already pushed back by 2
years, with a start date penciled in for 2022.
The EPA set individual goals for each state to
reduce the carbon intensity of their power plants
based on a mix of four "building blocks":
improving efficiency of coal-fired power plants;
replacing more coal with natural gas; deploying
more wind, solar and hydro power and preserving
nuclear power; and expanding consumer energy
efficiency programs.
Each state must submit its plan by 2016-2018 and
start the emission cut by 2022. If a state refuses
to adopt a plan, the EPA have intimated that a
federal plan will be imposed which could involve
some sort of interstate cap and trade.
Auctions
EEX held auctions last Thursday, Friday, Monday,
Tuesday. Auction prices were 8.00, 7.82, 7.91,
& 7.94 respectively. The cover ratios for the
above auctions were 2.29, 1.71, 2.54 & 4.21
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.