Cement News tagged under: carbon price
New EU Commission continues green focus – market testing to major support levels, driven down by energy complex30 October 2024, Published under Cement NewsThe newly appointed EU Commission has a greener focus but also prioritises EU competitiveness. The Danish Commissioner for Energy and Housing could focus on energy savings in buildings, which would be a positive for the concrete value chain. Meanwhile, speculators have left the long-term market as several projects have been put on hold due to lower EUA prices. In addition, September was the compliance month for verified 2023 emissions, which has given some support for the market. On the o... |
Carbon price sees sharp falls, testing major support25 September 2024, Published under Cement NewsThe EUA price has been steadily falling in alignment with the lower energy complex. A rally towards EUR74 in mid-August, talking the market back in the long-term uptrend, was punctured as first oil then gas, and coal began drifting lower. Several hedge funds have also reduced long positions as the tone for green markets turned a slightly bearish as several P2X and hydrogen projects were delayed or closed. EUA front-year contract, May 2021-September 2024 In addition, there have b... |
Carbon market trades within range, falling back with equity markets30 August 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Following the French election the carbon market rose towards EUR71.50 and seemed to be back in the uptrend. However, the events in the financial markets dragged the prices downwards while at the same time increased short speculation combined with higher auctions from August added downward pressure. In addition, Hungary’s EU leadership did not prioritise the green transition, leading to nervous signals in the market. This resulted in the car... |
Carbon market recovers from steep decline, supported by speculative buying and European and French election outcomes22 July 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The political influence in the EU ETS market was underlined during June, where the market fell sharply up to the 9 June parliamentary election. The market recovered towards EUR70 as the result materialised, and the fear of a major shift to the right vanished as the centre right parties of the EP kept a majority and the re-election of Van der Leyen as head of the Commission. The belief is that the green transition will not be rolled back but wi... |
Volatile EUA market lead by gas price moves, turning bearish on increased fear of EP election outcome28 June 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark The carbon market saw a marked increase at the end of May as the gas market rose sharply in fear of Norwegian production cuts. The carbon price reached EUR78, but has since dropped as Norwegian producers have assured the market of supply. The EUA price fell sharply and in combination with the European Parliamentary elections on 9 June, as several players were afraid of being long in case the election sees a victory for the parties wanting t... |
Sharp rally in EUA sends the market back into long-term uptrend, consolidation expected27 May 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Independent carbon market news remained scarce while the market followed particularly volatile gas and power prices. Trading was erratic with actions from speculative players in a relatively thin market. The focus is still on how the European Parliament elections will play out, as EU Commission papers for the next period have downplayed the focus on green transition, compared to European security and competitiveness. While April was not the co... |
EU ETS 2023 emissions down 16% YoY amid record global emissions – prices rise to about EUR6029 April 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark In 2023 EU verified emissions showed a 15.5 per cent fall from 2022, based on a 24 per cent drop in power generation emissions due to lower demand. Energy intensive industries emitted seven per cent less YoY as a result of reduced production. The aviation sector increased its emissions 10 per cent YoY as the industry recovered from the COVID-19 impact. The total number of emissions fell from 1.3bnt to 1.1bnt in line with forecasts and did not ... |
Carbon markets tested EUR50 before correcting 20% higher – political uncertainty in EU and US main drivers28 March 2024, Published under Cement NewsBy Frank O Brannvoll, Brannvoll ApS, Denmark The EUA December 2025 contract prices fell briefly to EUR50 levels not seen since the COVID-19 pandemic and sent shivers through many green projects that depend on relatively high carbon prices. The fear of a European Parliament that after the election would downgrade the green transition to a lower priority, in combination with the US Republican Trump stating that the US would leave the Paris agreement (again) and all subsidies from IRA could... |
Carbon price collapses due to political uncertainty and speculative pressure – major support tested28 February 2024, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Sharp falls were seen in the European carbon market, as several political factors from demonstrations and political uncertainty hit the market during January and February. This, in combination with the ongoing lower energy complex, especially gas and coal, has sent the price for the Dec 24 contract to EUR60, the lowest seen for years. Speculators have also been seen to shorten the market as large auctions to finance the Repower EU funds are be... |
Carbon testing long-term uptrend support at EUR68 after breaking below EUR8027 December 2023, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark As reported in ICR’s December 2023 issue the break of EUR80 could mean a larger shift in sentiment and this was clearly proven right. Pressured by lower oil, gas and coal prices, as well as continued subdued industrial demand the December 2023 contract has fallen to the major support around EUR68. In addition, financial players have been seen switching out of long positions and going short on a larger scale than before. However, it also nee... |