Cement News tagged under: carbon price

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Price in uptrend, volatile carbon market driven by political statements of changes to EU-ETS

22 June 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices traded inside their uptrend channel within EUR82-95 with high volatility. As the Clean Dark Spread still offers best value, more coal is being used and more EUAs are bought for compliance. The EUA has been influenced by new statements for reform to the EU-ETS system and a bullish increase of the targets for emission reductions, which conflicts with the proposed auction of 250m EUAs to fund the required REPowerEU Plan – which s...

Carbon prices rise due to increased coal demand – speculators return to the market

31 May 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices rose above EUR85 as increased compliance buying was seen due to a sharp upturn of coal-fired power generation in the EU, resulting in an estimated 60Mt of additional emissions. The demand was three times higher than the auctioned amounts in the latest auction, significantly supporting the exchange traded market. The speculators, which disappeared during March, appear to have returned to the market following the rise in the...

UK cement and lime producers excluded from compensation scheme

06 May 2022, Published under Cement News

The Mineral Products Association (MPA) has expressed disappointment that UK cement and lime producers have been excluded from the government’s compensation scheme for climate change costs. Under the scheme, some energy-intensive industries can apply for compensation from the indirect costs of the UK Emissions Trading Scheme (UK ETS) and Carbon Price Support (CPS) if they meet the criteria. According to the MPA, by excluding cement and lime, “the government has missed an opportunity to suppor...

Carbon reaches EUR100 in Cal23 – a new all-time high as power generation demands more coal and gas

24 February 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The EUA Dec 22 has set a new all-time high at EUR98.50, driven by real demand for compliance as especially coal but also gas are increasingly filling the gap left by a drop in nuclear-based power in France. To ensure sufficient baseload electricity, several coal-fired plants are being restarted.  However, financial players continue to make up ~35 per cent of the market and are only buyers with a target towards EUR100. It will be interesti...

Carbon returns to uptrend following retracement from all-time high in December

27 January 2022, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark   The EUA Dec 21 saw an incredible 200 per cent rise during 2021 from EUR31 to EUR92. More recently, the market saw a sharp retracement down to EUR72 reflecting the energy complex as well as calls for measures against financial speculation. However, as a report concluded that no manipulation had been taking place, the market quickly started its uptrend again. Compliance buying increased as power producers are using more coal as this is the ch...

CARBON: New records – now targeting €100 following increased physical and financial demand

21 December 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark   Before its expiry day, the EUA December 2021 contract reached a stunning EUR91.50 all-time high, less than 10 per cent from EUR100, a number only joked about three months ago. An increased demand due to coal being by far the cheapest fossil fuel and speculators pouring in, as mentioned in previous reports, cut through resistance points at EUR75 and EUR80. Speculators have been looking towards EUR80-100 and a 10 per cent profit taking too...

Carbon market falling back as energy complex goes lower, reflects COP26 disappointment

22 November 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark For once there were no new record highs. The carbon market was in the shadow of coal and gas markets, and reflected speculators liquidating long positions and seeing a fall below support at €60. In addition, it is also reflecting a lack of specific carbon news and an overall disappointment in terms of the pledges made at COP26. EUA front-year contract, January 2019-January 2022 No new issues were tabled, and the market fell to a l...

Carbon at new steady high, but European prices turmoil drive new debate of intervention in power markets

25 October 2021, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark As usual, the carbon market set a new all-time high at EUR66 before falling 10 per cent to the current EUR60, five per cent lower than reported in ICR’s previous issue. EUA front-year contract, January 2020-September 2021 A fundamental demand for EUA was seen as several coal-powered plants were put online, driven by higher gas prices. The dark spread was 2x better for coal-fired power production than with gas, setting a true deman...

Dalmia Cement (Bharat) Ltd CEO to represent CPLC

02 June 2021, Published under Cement News

Mahendra Singhi, managing director and CEO of Dalmia Cement (Bharat) Ltd has been invited to represent the prestigious Carbon Pricing Leadership Coalition (CPLC) as Carbon Pricing Champion. CPLC is a voluntary initiative aimed at accelerating climate change by securing the place of carbon pricing on the global agenda . The international group consisting of influential torchbearers of climate change appreciated Mr Singhi for demonstrating leadership and a high level of commitment t...

CemProspects considers important energy markets

07 October 2020, Published under Cement News

After moving online this year, CemProspects 2020 began yesterday by looking at energy markets of importance to the cement sector. The first day of the session provided a considerable overview of the coal market. Carlos Alvarez Fernandez, International Energy Agency (IEA), considered the fundamentals and delivered an outlook that noted the considerable effects of the COVID-19 pandemic. Global energy demand is expected to drop six per cent in 2020, which will be the largest fall in 70 years....