EU CO2 Jumps to Highest in More Than Two Months; Near Record as Options Change Hands (Correct)

By Mathew Carr

Dec. 1, 2020 — LONDON: EU carbon futures rose to their highest since the middle of September, hitting 30 euros a ton and close to a record level, on colder weather and temporarily limited supply in the primary market for allowances.

See this intraday chart (euros/metric ton):

ICE Futures Europe snip

December 2021 futures also rose above 30 euros a ton, according to ICE.

See this earlier story flagging the market’s rise, citing Redshaw Advisors:
https://carrzee.org/2020/12/01/more-eu-carbon-gains-seen-after-24-surge-in-november/

See this story saying the freeze in the Brexit talks is holding carbon allowances down; resolution of those talks would see prices rise, according to some/ also, a Commerzbank survey sees higher levels:
https://carrzee.org/2020/11/26/exclusive-heres-a-brexit-idea-from-a-key-carbon-market-player-keep-britain-in-the-eu-emissions-trading-system/

See this two-year chart:

Options trade is going off vs futures, apparently (this chart is through October):

ICE Futures Europe

(Updated Tuesday morning; ICE corrects last chart Dec. 3; Updates Dec. 1 prices)


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s