In This Newsletter

1. EU ETS and UK ETS Weekly Commentary
2. CCA Weekly Commentary
3. RGGI Weekly Commentary
4. WCA Commentary #22
5. Daily Price Change
6. Upcoming Webinars
7. Latest Insights

• cCarbon EUA weekly average projection of €81.59 for the past week, closely mirrored the actual price of €81.87.
• Weekly average EUA prices increased in the last week by 0.80% from €81.28 to €81.87.
• cCarbon EUA weekly short term price forecast for next four weeks is expected to be between € 83.16-€ 84.44.
• Dutch TTF weekly average increased by around 4.5% and Rotterdam coal by 1.92% in the last week.
• ESMA- Open interest for EUA futures increased by 1.49% at ICE Endex and increased at EEX by 0.48% 8th September to 15th September 2023.
• Weekly average UKA benchmark decreased substantially in the last week from £38.67 to £35.43. Week witnessed new all-time low of £33.75.
• ICE Futures Europe- UKA open Interest increased from 46.02 million to 49.32 million from 8th September to 15th September.

• ICE CCA V23 Front on Friday closed at $36.85 declining 0.11% over the week.
• ICE (Intercontinental Exchange) weekly volume was reported as 37.25 M tons (+102.99% WoW) and the 4-week moving average was reported as 22.87 M tons.
• CFTC: OI rose by 1.73 M tons; compliance entities decreased long positions by 0.94 M tons, and managed money increased short positions by 0.04 M tons.

• RGGI weekly average futures settlement price: $14.44 (+0.56% WoW)
• ICE weekly volume was reported as 3.18 M tons (-99.25% WoW)
• CFTC: OI up by 2.53 M tons; Compliance entities increased long positions by 1.48 M tons, and managed money increased short positions by 0.01 M tons

• WCA prices declined over the week- the front on Friday closed at $53.12, a decline of $2.73 was observed.
• Volume of WCAs traded on exchanges – Nodal and ICE (Intercontinental Exchange) recorded 733 contracts which showed a decline by 209 contracts over last week.
• Ecology to release 5 million APCR allowances at Tier 1 price of $51.90 in the upcoming November APCR auction.
• A preliminary decision on linkage is expected to be taken by Ecology’s Director Laura Watson by October this year.
• WA Senator Mullet releases legislative proposal to amend WA cap and invest rules – loosening the Cap reduction from 7% annually to 3.6%. The bill also includes a proposal to increase the APCR supply pool available to Ecology.

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