EU Carbon Supply May Peak in July Before Summer Holidays
European Union carbon supply may peak in July, before nations cut back sales during August, according to data from European Energy Exchange AG and ICE Futures Europe. Weekly supply may peak in the week ending Jan. 18.
Monthly sales in July will be 73.4 million metric tons, increasing from 62.7 million tons this month, according to analysis of data on the websites of the exchanges handling sales on behalf of EU members and the U.K. respectively. The average this year will be 60.7 million tons a month.
Supply of allowances sold at auctions will rise to 14.7 million tons next week and to 18.8 million tons the following five working days, a record-high for the year, according to the data. No allowances are to be sold this week.
The planned volumes may be reduced if the European Union agrees a proposal to hold back 900 million tons of permits from 2013 through 2015. Discussions over the plan are scheduled to resume this month.
Monthly EU Carbon Allowance Sales (Metric Tons) Month Volume Jan. 62,654,000 Feb. 65,547,000 March 64,592,500 April 66,923,500 May 63,689,000 June 62,880,000 July 73,436,000 Aug. 31,871,500 Sept. 66,091,000 Oct. 66,091,000 Nov. 66,900,000 Dec. 37,994,500 Average 60,721,875 Total 728,662,500
To contact the editor responsible for this story: Lars Paulsson at email@example.com