Carbon Markets – Week 2

Highlights

• Despite auction return, EU carbon ticks up, following TTF feb-23 contract
• RGGI V23 Future Dec-23 contract sees uptick in prices towards end of the week, warm weather expected to keep prices from significant spikes going into next week
• Severe weather conditions keep CCA V23 Future Dec-23 contract prices up, likely to continue into next week
• Spot KAU22 price has risen above KRW 15,000/t yet the market prospect still remains dim due to the excessive supply and looming regulatory uncertainty
• Despite the high interest from corporations, the VCM Dec-23 contracts continue to trade in a downtrend with no sign of recovery as players still waiting for clarity