Posts Tagged ‘Carbon Market’

If we take a look at some of the numbers behind the Waxman-Markey Bill, we get a clearer sense of its ambition, its limitations and the winners and losers. Content of the Bill From reading much of the coverage of the bill, one might be forgiven for believing that the bill is nothing more than […]


While everyone is talking about EUA prices, it’s the volumes that we should be watching. They give us the clearest sign yet that the carbon market is evolving towards a genuine commodity market. If we take a look at EUA volumes (thanks to the tireless work of Michael Szabo at ThomsonReuters) you will see that […]


I thought it would be instructive to look at the treatment of CERs/ERUs under the EU ETS, with a view to the light this sheds on demand and supply within the EU ETS. CERs and ERUs are eligible under the EU ETS – but the quantity of CERs/ERUs that can be used for compliance are […]


Over the last half of 2008 EUA and CER prices declined markedly. EUAs prices have fallen from their mid-2008 high of €30 to their current levels of just under €12; while CERs have fallen from their mid-year highs of €24 to current levels just above €10. The spread between EUA and CER prices has also […]


New Carbon Finance have recently come out with their estimate of the size of the carbon market in 2008 – and it was US$118 billion. That prompted me to revisit some work I did in 2003 on the size of the carbon market. At that time, I estimated the size would be US$150 billion by […]