The prices of carbon credits have halted their recovery trend in the compliance and voluntary markets, since their record pricing in mid-August 2022 of €98.43.
In the week between May 28 and 03, 2024, the EUA (European Union Allowance) contracts were traded below €76.51, losing €1.88 in a week's time, settling at €74.63. The highest volume was traded on 06/03 equalling 33,956 contracts and the lowest volume was traded on 05/29, totaling 21,864 contracts.
The prices for contracts in the CCA (California Carbon Allowance Futures), Vintage Specific 2022, gained US$ 0.00 or 0.00% since closing price on May 27, to close at US$ 28.66 on June 03.
On 06/03, the Voluntary Carbon Market for Aviation, Nature-Based, and Tech-based was quoted at US$ 0.61, US$ 0.45, and US$ 0.45, respectively. On average, they lost over 2.81% relative to their closing prices on 05/27.
The prices for the ZerO2Nature diseconomy units lost on average 1.32% relative to one week ago, closing on 06/03 at €61.19 (F-DTU), €75.14 (B-DTU), €169.49 (M-DTU), €30.25 (N-DTU), €92.16 (H-DTU), and €99.88 (C-DTU).
For a better comprehension about Carbon Credits and the Carbon Market, Planck E recommends the book: The Science Behind Carbon Credits and their Calculation by UNFCCC technical-expert consultant Patrizia Tomasi-Bensik.
Carbon Market Prices
June 03, 2024
Credit Type | Price |
---|---|
EUA |
74.63 |
CCA |
28.66 |
F-DTU |
61.19 |
B-DTU |
75.14 |
M-DTU |
169.49 |
N-DTU |
30.25 |
H-DTU |
92.16 |
C-DTU |
99.88 |
Aviation Offset |
0.61 |
Nature-based Offset |
0.45 |
Tech Industry |
0.45 |
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