ECO/Carbon Market Report #79/2024

Location: Amsterdam, Netherlands
Date published: 2024-04-23
Date modified: 2024-04-23
Reading time: 00:01:13

Author: Caspar Bensik

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 April 16 and 22, 2024, the EUA (European Union Allowance) contracts were traded below €70.16, losing €3.76 in a week's time, settling at €66.40. The highest volume was traded on 04/16 equalling 43,720 contracts and the lowest volume was traded on 04/19, totaling 32,412 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 April 15, to close at US$ 28.66 on April 22.

On 04/22, the Voluntary Carbon Market for Aviation, Nature-Based, and Tech-based was quoted at US$ 0.60, US$ 0.47, and US$ 0.48, respectively. On average, they lost over 6.67% relative to their closing prices on 04/15.

The prices for the ZerO2Nature diseconomy units gained on average 0.01% relative to one week ago, closing on 04/22 at €57.51 (F-DTU), €70.61 (B-DTU), €159.28 (M-DTU), €28.43 (N-DTU), €86.61 (H-DTU), and €93.87 (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
April 22, 2024

Credit Type	Price

EUA	66.40
CCA	28.66
F-DTU	57.51
B-DTU	70.61
M-DTU	159.28
N-DTU	28.43
H-DTU	86.61
C-DTU	93.87
Aviation Offset	0.60
Nature-based Offset	0.47
Tech Industry	0.48

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