Planck E PressCenter - Reports


ECO/Carbon Market Report #70/2024


Location: Amsterdam, Netherlands
Date published: 2024-02-20
Date modified: 2024-02-20
Reading time: 00:01:13

Author: Caspar Bensik

ECO/Carbon Market Report #70/2024

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 February 13 and 20, 2024, the EUA (European Union Allowance) contracts were traded below €57.20, losing €4.06 in a week's time, settling at €53.14. The highest volume was traded on 02/19 equalling 37,567 contracts and the lowest volume was traded on 02/16, totaling 23,266 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 February 12, to close at US$ 28.66 on February 20.

On 02/20, the Voluntary Carbon Market for Aviation, Nature-Based, and Tech-based was quoted at US$ 0.60, US$ 0.29, and US$ 0.68, respectively. On average, they lost over 2.7% relative to their closing prices on 02/12.

The prices for the ZerO2Nature diseconomy units lost on average 1.38% relative to one week ago, closing on 02/20 at €46.82 (F-DTU), €57.48 (B-DTU), €129.68 (M-DTU), €23.15 (N-DTU), €70.50 (H-DTU), and €76.41 (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
February 20, 2024

Credit Type Price

EUA

53.14

CCA

28.66

F-DTU

46.82

B-DTU

57.48

M-DTU

129.68

N-DTU

23.15

H-DTU

70.50

C-DTU

76.41

Aviation Offset

0.60

Nature-based Offset

0.29

Tech Industry

0.68

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Keywords

  • carbon credits
  • carbon market
  • net zero
  • sustainability
  • carbon price

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