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Market report: EUA-Dec08 breaks through 24 Euro barrier

Tuesday 15 Apr 08 7:00am

EUA-Dec08 breaks through 24 Euro barrier – Record crude and rising EU-carbon emissions support EU Allowances – sCER-Dec08 trades at EUR 16.25 – EUA/sCER spread widens to EUR 8+

The EUA phase II market gained 1 Euro on the back of higher than anticipated EU-carbon emissions of the year 2007 last week Wednesday 2nd of April, but come under pressure by record coal prices (front month API2 plus $4.50 at $129,50/t) on Friday afternoon and eventually closed the week at EUR 23.31, the Climate Corporation reports.

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