Planck E PressCenter - Reports


ECO/Carbon Market Report #85/2024


Location: Amsterdam, Netherlands
Date published: 2024-06-03
Date modified: 2024-06-03
Reading time: 00:01:13

Author: Caspar Bensik

ECO/Carbon Market Report #85/2024

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 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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Keywords

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

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