ECO/Carbon Market Report #44/2023

Location: Amsterdam, Netherlands
Date published: 2023-08-01
Date modified: 2023-08-01
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 July 25 and 31, 2023, the EUA (European Union Allowance) contracts were traded below €91.29, losing €4.48 in a week's time, settling at €86.81. The highest volume was traded on 07/27 equalling 22,478 contracts and the lowest volume was traded on 07/28, totaling 18,254 contracts.

The prices for contracts in the CCA (California Carbon Allowance Futures), Vintage Specific 2022, gained US$ 0.03 or 0.10% since closing price on July 24, to close at US$ 29.33 on July 31.

On 07/24, the Voluntary Carbon Market for Aviation, Nature-Based, and Tech-based was quoted at US$ 1.16, US$ 2.04, and US$ 0.77, respectively. On average, they lost over 6.11% relative to their closing prices on 07/31.

The prices for the ZerO2Nature diseconomy units lost on average 1.93% relative to one week ago, closing on 07/31 at €42.64 (F-DTU), €52.37 (B-DTU), €118.10 (M-DTU), €21.09 (N-DTU), €64.20 (H-DTU), and €69.59 (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
July 31, 2023

Credit Type	Price

EUA	86.81
CCA	29.33
F-DTU	42.64
B-DTU	52.37
M-DTU	118.10
N-DTU	21.09
H-DTU	64.20
C-DTU	69.59
Aviation Offset	1.16
Nature-based Offset	2.04
Tech Industry	0.77

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Keywords

carbon credits
carbon market
net zero
sustainability
carbon price

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