ECO/Carbon Market Report #80/2024

Location: Amsterdam, Netherlands
Date published: 2024-04-30
Date modified: 2024-04-30
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 23 and 29, 2024, the EUA (European Union Allowance) contracts were traded below €66.40, losing €0.60 in a week's time, settling at €65.80. The highest volume was traded on 04/25 equalling 36,435 contracts and the lowest volume was traded on 04/26, totaling 21,447 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 22, to close at US$ 28.66 on April 29.

On 04/29, the Voluntary Carbon Market for Aviation, Nature-Based, and Tech-based was quoted at US$ 0.60, US$ 0.47, and US$ 0.57, respectively. On average, they gained over 6.25% relative to their closing prices on 04/22.

The prices for the ZerO2Nature diseconomy units lost on average 2.15% relative to one week ago, closing on 04/29 at €56.27 (F-DTU), €69.09 (B-DTU), €155.85 (M-DTU), €27.82 (N-DTU), €84.74 (H-DTU), and €91.85 (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 29, 2024

Credit Type	Price

EUA	65.80
CCA	28.66
F-DTU	56.27
B-DTU	69.09
M-DTU	155.85
N-DTU	27.82
H-DTU	84.74
C-DTU	91.85
Aviation Offset	0.60
Nature-based Offset	0.47
Tech Industry	0.57

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Keywords

carbon credits
carbon market
net zero
sustainability
carbon price

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