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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
474 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


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
891 views
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Carbon’s summer of– NATURAL GAS!
Carbon’s steady progress to the top of the energy agenda, thanks to its 140% rally since November 2 last year, has been brought to a halt...
Alessandro Vitelli
Aug 10, 20214 min read
1,315 views
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2021 BC (beyond coal)
Over the past few months it’s become apparent that an increasing number of people believe that the first part of the EU ETS’ work –...
Alessandro Vitelli
Mar 28, 20213 min read
320 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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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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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
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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
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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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A record-setting month for the EUETS
The EUETS set all sorts of records in March...
Alessandro Vitelli
Apr 1, 20203 min read
259 views
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A quick note about coal
The price of coal has fallen just 3.3% in the last ten days, while power and gas have lost between 18% and 19%. Carbon on the other hand...
Alessandro Vitelli
Mar 18, 20201 min read
101 views
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Carbon – how low can it go?
It’s been a wild ten days for equities and commodities in general: you know this better than I, I suspect. But at some point it’s worth...
Alessandro Vitelli
Mar 18, 20203 min read
309 views
0 comments

Why the EU ETS should worry (a lot) about coal phase-outs
One of the constant features of any discussion about EUA supply and demand trends in the next few years is the phase-out of coal-fired...
Alessandro Vitelli
Mar 11, 20205 min read
796 views
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The gravity-defying wonder of EUAs
The chart below shows how European carbon prices have outperformed the rest of the energy complex so far this year. EUAs are down just...
Alessandro Vitelli
Mar 4, 20204 min read
808 views
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