NEAS Insights
Keep up to date with the latest news in the carbon emissions markets. In NEAS, we monitor developments in politics, regulations and market prices to keep our partners informed on current possibilities and risks in carbon emissions markets. Subscribe to NEAS Insights’ e-mail service
Turbulent 2011 Ended on a Negative NoteJanuary 5,
2012
Carbon prices tumbled to record lows during 2011; EUAs fell by ca. 50% from 14.6 EUR to 7.3, and CERs were down by more than 62% from 11.2 to 4.2. Compared to the highs in early May, EUAs and CERs ended respectively 60 and 68% lower. The main drivers were political uncertainty, the economic crises, the energy efficiency directive, and increased supply in the EU ETS.
Still Time?January 3,
2012
With one year remaining until the end of 2012, the cut-off date for CERs from non-LDCs being eligible in the EU ETS phase 3, the question is ‘can new projects still make it’?
A future for CERsOctober 25,
2011
Increased supply and diminishing demand bring CER prices to record low.
Validation - Final Call!August 23,
2011
As of today there are roughly 500 days until the end of 2012. With average validation time above 500 days, the room for registration of early-stage projects is becoming unnervingly narrow. The ‘average project’ entering validation today will not make the 31 December 2012 deadline.
Registration - How Low can You Go? August 23,
2011
Project activities submitted for registration after the adoption of the early-registration rule mid-December 2010 have markedly lower registration times than previously observed; at least when looking at the official registration date. Of the 409 projects that have requested registration after 11 December 2010, 312 projects are registered with an average registration time of less than 20 days.
CERs below 8 eurosAugust 10,
2011
Mounting concerns about the state of the global economy, a record issuance of credits and low demand have pushed Certified Emission Reduction (CERs) to a three-year low, at less than €8 against €12 in the early part of the year.
Early-Stage Projects are Risky Business May 9,
2011
Validation is increasingly becoming the key factor, time-wise, in getting a CDM project registered and several factors point in direction of even longer validation processes
Registration Time Still on a Downward TrendApril 4,
2011
The registration time continues to fall, with the average registration time now below 100 days for two consecutive months, down from 265 days in late 2009.
Forward market for post-2012 CERs emergesMarch 15,
2011
ICE has introduced a series of CER forward contracts beyond the current Kyoto period, but so far trading levels are very low and issues on EU ETS eligibility remain unresolved.
California Carbon Market Kicks OffFebruary 14,
2011
The California Air Resources Board (CARB) finally approved rules for its carbon trading scheme in December 2010, creating the world’s second largest Carbon Market. The cap and trade scheme aims to cut emissions to 1990 levels by 2020 and will allow the use of credits from national and international offset schemes.
Registration Time Continues to FallFebruary 11,
2011
Registration time has decreased from 265 days on average in late 2009 to roughly 100 days.
Eligibility of Certifed Emission Reductions in ETSFebruary 11,
2011
The EC Commission has banned the use of credits from CDM projects involving destruction of HFC-23 and N2O from adipic acid production in the third phase of the EC emissions trading scheme (ETS III), and further tightening of eligibility criteria may occur.
Out of the Woods! Road Clears for a REDD MarketFebruary 10,
2011
While the voluntary carbon market in 2010 remained at a steady but buoyant path this week’s announcement of the world’s first issued REDD VCUs has caught the market’s full attention.
Hackers break into the EU ETSJanuary 20,
2011
The European Union has suspended trading of carbon credits in the ETS after hackers broke into the Czech Republic’s national trading registries and stole millions of Euros worth of credits.
What’s the deal Cancun?December 14,
2010
The Cancun conference of parties is over, and negotiators for CDM are justifiably pleased with the outcome. The agreements reached where modest but important, and confirms that the CDM and JI mechanisms will continue to be available as means to meet emission reduction targets.
More Value in WindDecember 1,
2010
In NEAS we provide owners, developers and investors in wind energy with expert market and balance services to maximize the value of their wind power production.
Nord Pool Closing Prices
JUN 2012 SYS
0.82
26.62
Q3-2012 SYS
0.75
29.85
Year 2013 SYS
-0.15
37.05
Year 2014 SYS
-0.23
38.35
ICE ECX Emissions Closing prices
CER SPOT
-0.16
3.38
EUA SPOT
-0.12
6.33
CER DEC12
-0.17
3.40
CER DEC13
-0.17
3.70
EUA DEC12
-0.12
6.45
EUA DEC13
-0.12
6.85