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RGGI Weekly Commentary: RGAs trade in the $16-$17 range – Higher than reserve trigger prices on speculation of market tightening

January 29, 2024Created By: Megha Jha

This Week’s Highlights Verdict on Pennsylvania’s participation in the RGGI expected soon, Liz Robinson, Philadelphia Solar Energy Association remains cautiously optimistic that the state Supreme Court could tilt the decision in RGGI’s favor. RGAs trade in the $16-$17 range and continue to sit above the 2024 CCR as the bullish…...

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CCA Weekly Commentary: CCAs remain strong above $41; US Fed’s comments and program review speculations to drive the market this week

January 29, 2024Created By: Megha Jha

This Week’s Highlights CCAs continue to pursue the ongoing bullish uptrend, investors maintain strong volumes The US Federal Reserve (Fed) has an upcoming interest rate hike announcement this week, we anticipate it to keep interest rates unchanged – Fed chairman comments on possible rate hikes highly anticipated Intercontinental Exchange (ICE)…...

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EU ETS and UK ETS Weekly Commentary: Weekly average EUA and UKA marginally decreased to €61.25 and £34.49 respectively

January 29, 2024Created By: Arpit Beniwal

This Week’s Highlights cCarbon EUA weekly short term price forecast for the coming four weeks is expected to be between €57.88 and €61.32, implying further price slides. Weekly average EUA prices fell by 0.43% in the fourth week of 2024 to reach €61.25 from €61.52. ESMA- Open interest for EUA…...

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ICE vs Nodal – The Race for Traded Volume in Washington’s Carbon Market

January 25, 2024Created By: Megha Jha

Key Takeaways Established exchanges hold a strong competitive advantage over ‘challenger’ platforms in the still emerging environmental commodity space – well borne out by the launch of the Washington market. As of January 2024, ICE accounts for 96.2% of the trade activity for WCAs, up from 16.62% in June 2023…...

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EU ETS and UK ETS Weekly Commentary: Weekly average EUA and UKA decreased to €61.52 and £34.80 respectively; EUAs hit a 2-year low whereas weekly average UKA decreased by 9.52%

January 22, 2024Created By: Arpit Beniwal

This Week’s Highlights cCarbon EUA weekly short term price forecast for the coming four weeks is expected to be between €56.58 and €58.48. Weekly average EUA prices fell by 8.26% in the third week of 2024 to reach €61.52 from €67.06. ESMA- Open interest for EUA futures increased by 3.17%…...

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cCarbon forecasts electricity emissions to drop by 6.85 M tons in 2023, driven by increased Hydro output

January 18, 2024Created By: Megha Jha

Key Takeaways cCarbon’s 2023 Electricity Sector emissions forecast highlights a substantial 16.17% decline in electricity sector emissions, reducing from 42.36 M tons in 2022 to 35.51 M tons in 2023. The decline in the sector’s emissions was primarily driven by the forecasted 85% rise in hydro output for 2023, with…...

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RGGI Weekly Commentary: RGAs maintain momentum in the $15-$16 price range – hotter CPI cools bullish price trajectory at end of week

January 16, 2024Created By: Megha Jha

This Week’s Highlights RGA allowance prices noted a mild decline over the previous week, following the release of US Bureau of Labor Statistics (BLS) data released on January 11, indicating that the Consumer Price Index (CPI) increased 0.3% in December, higher than expected, and 3.4% from a year ago, compared…...

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CCA Weekly Commentary: CCAs reached all-time highs – decline slightly after hotter-than-expected December CPI reading

January 16, 2024Created By: Megha Jha

This Week’s Highlights The decline in CCA prices and volumes last week can be attributed to the higher-than-anticipated Consumer Price Index (CPI) numbers released by the US Bureau of Labor Statistics (BLS) as investors anticipate a slower decline in interest rates. Intercontinental Exchange (ICE) CCA V24 Front on Friday closed…
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EU ETS and UK ETS Weekly Commentary: Weekly average EUA and UKA decreased to €67.96 and £38.46 respectively; EUAs hit a 15-month low whereas UKA decreased drastically by 12.69%

January 15, 2024Created By: Arpit Beniwal

This Week’s Highlights Weekly average EUA prices fell by 7.78% in the second week of 2024 to reach at €67.96 from €73.70 in the first week. cCarbon EUA weekly short term price forecast for the coming four weeks is expected to be between €63.26 and €65.48. ESMA- Open interest for…...

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RGGI Weekly Commentary: RGAs front rise to $15.90 (2024 CCR trigger) – as Managed money turns significantly bullish on the roll-over of futures contracts

January 8, 2024Created By: Megha Jha

This Week’s Highlights ICE RGGI V24 Front on Friday: $15.90 (+6.00% WoW). ICE weekly volume was reported as 30.27 M tons (+15.29% WoW). CFTC: Open Interest up by 0.78 M tons WoW; compliance entities increased long positions by 0.20 M tons and managed money increased both long and short positions…...

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