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Same old August.... or is it?
European carbon prices have followed their now-traditional course in August by rising on the back of the 50% reduction in auction...

Alessandro Vitelli
Aug 19, 20227 min read
475 views
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Deceived wisdom
It’s been a somewhat wild start to 2022. As the energy index below shows, we had a relatively calm start to the year before Russia...

Alessandro Vitelli
Apr 1, 20223 min read
462 views
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What a long, strange trip 2021 has been
It’s been a year of tumbling records and high anxiety as carbon prices have explored uncharted territory while natural gas and...

Alessandro Vitelli
Dec 22, 20218 min read
866 views
1 comment


Trigger-happy
Edit: December 8 – I've added a third possible interpretation of the Article 29a calculation at the bottom of this post. A few people...

Alessandro Vitelli
Dec 7, 20215 min read
825 views
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Is it over?
So the latest peak in European carbon prices is over. EUAs climbed to a record of €63.35 on September 8 and have settled back at around...

Alessandro Vitelli
Sep 18, 20216 min read
923 views
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What does the current price of EUAs actually represent?
(This article was originally published on September 8 on Carbon Pulse). Despite all the excitement around EUA prices topping €60 for the...

Alessandro Vitelli
Sep 15, 20214 min read
892 views
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The next ETS arriving at Platform 4....
Now that EU ETS compliance is over with for another year, the market can metaphorically wash its hands and move on to the next course of...

Alessandro Vitelli
May 10, 20216 min read
953 views
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"Fasten your seatbelts, it's going to be a bumpy night."
Compliance season is almost over. A large proportion of industrials have by now completed their 2020 purchases, and the market seems to...

Alessandro Vitelli
Apr 16, 20215 min read
959 views
5 comments


Everybody wants some
A month ago I reported on the rumours that the European Commission was considering action to limit the influence of speculative traders...

Alessandro Vitelli
Mar 13, 20213 min read
698 views
1 comment


Standardising the un-standardisable?
By now you might have read a few headlines about the voluntary carbon market (VCM) and various efforts to scale it up and make it more...

Alessandro Vitelli
Mar 3, 20215 min read
750 views
0 comments


May you live in interesting times
Well, this has been an interesting week. In the space of 72 hours carbon has risen 14%, reached a new all-time record and if things keep...

Alessandro Vitelli
Feb 3, 20214 min read
1,239 views
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Expect the unexpected?
“How ridiculous and how strange to be surprised at anything which happens in life.” (Marcus Aurelius) Unless you’re an industrial...

Alessandro Vitelli
Jan 8, 20214 min read
613 views
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UK ETS: It's (officially) a thing
(see edit at end of blog) So it’s official – the UK will launch its own emissions trading system in 2021. Of course, it won’t actually...

Alessandro Vitelli
Dec 17, 20204 min read
594 views
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Phase 4's starting pistol misfires
The last week has seen a couple of significant changes to the predicted supply schedule for the start of EU ETS Phase 4, and while they...

Alessandro Vitelli
Nov 27, 20204 min read
255 views
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All change?
The worm is turning. European power economics are shifting in favour of coal, especially at the front of the curve, and this might be...

Alessandro Vitelli
Oct 29, 20204 min read
671 views
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Autumn stock-take
It's officially autumn; compliance buyers are weighing up the choice between doing their 2020 buying now or waiting till the spring, fuel...

Alessandro Vitelli
Oct 11, 20208 min read
350 views
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A maturing market, but less of it?
In principle, carbon emissions markets are self-destructive. Once the cap on emissions has been lowered to zero, or as near to zero as it...

Alessandro Vitelli
Aug 24, 20204 min read
593 views
0 comments


Bridging the gap?
About a month ago I wrote about how carbon is embroiled in a “Fundamentals vs Technicals Deathmatch”, and from the vantage point of the...

Alessandro Vitelli
Jul 29, 20205 min read
402 views
0 comments


May 2020 by the numbers
May saw a steady rally in EUA prices, with the Dec 20 contract climbing back near the levels it was at in March before the Great Covid...

Alessandro Vitelli
Jun 1, 20203 min read
172 views
0 comments


Corona-pocalypse and pandem-onium
We're now two weeks into April, over a month since the lockdown began in Italy, a little over two weeks since it began in the UK, and...

Alessandro Vitelli
Apr 13, 20205 min read
255 views
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