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 January 23 and 29, 2024, the EUA (European Union Allowance) contracts were traded below €62.41, losing €0.64 in a week's time, settling at €61.77. The highest volume was traded on 01/25 equalling 31,173 contracts and the lowest volume was traded on 01/23, totaling 24,438 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 January 22, to close at US$ 28.66 on January 29.
On 01/29, the Voluntary Carbon Market for Aviation, Nature-Based, and Tech-based was quoted at US$ 0.73, US$ 0.32, and US$ 0.58, respectively. On average, they gained over 32.40% relative to their closing prices on 01/22.
The prices for the ZerO2Nature diseconomy units gained on average 3.42% relative to one week ago, closing on 01/29 at €46.00 (F-DTU), €56.47 (B-DTU), €127.40 (M-DTU), €22.74 (N-DTU), €69.26 (H-DTU), and €75.06 (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
January 29, 2024
Credit Type | Price |
---|---|
EUA |
61.77 |
CCA |
28.66 |
F-DTU |
46.00 |
B-DTU |
56.47 |
M-DTU |
127.40 |
N-DTU |
22.74 |
H-DTU |
69.26 |
C-DTU |
75.06 |
Aviation Offset |
0.73 |
Nature-based Offset |
0.32 |
Tech Industry |
0.58 |
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