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 30 and May 06, 2024, the EUA (European Union Allowance) contracts were traded above €65.80, gaining €7.87 in a week's time, settling at €73.67. The highest volume was traded on 05/02 equalling 48,552 contracts and the lowest volume was traded on 05/01, totaling 13,200 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 29, to close at US$ 28.66 on May 06.
On 05/06, the Voluntary Carbon Market for Aviation, Nature-Based, and Tech-based was quoted at US$ 0.60, US$ 0.42, and US$ 0.53, respectively. On average, they lost over 5.89% relative to their closing prices on 04/29.
The prices for the ZerO2Nature diseconomy units gained on average 4.38% relative to one week ago, closing on 05/06 at €58.73 (F-DTU), €72.11 (B-DTU), €162.67 (M-DTU), €29.04 (N-DTU), €88.45 (H-DTU), and €95.87 (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
May 06, 2024
Credit Type | Price |
---|---|
EUA |
73.67 |
CCA |
28.66 |
F-DTU |
58.73 |
B-DTU |
72.11 |
M-DTU |
162.67 |
N-DTU |
29.04 |
H-DTU |
88.45 |
C-DTU |
95.87 |
Aviation Offset |
0.60 |
Nature-based Offset |
0.42 |
Tech Industry |
0.53 |
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