UK sells carbon at £43.99/mt in first auction
London (Quantum Commodity Intelligence) - The UK’s inaugural carbon auction sold just over 6 million allowances at £43.99/mt, much lower than the initial trades in the market at £50.23/mt, data from the ICE exchange shows.
Equivalent prices in the EU’s emissions trading system were trading at €50.6/mt (£43.69) by 1400 UK time, when the UK auction closed.
Cabon prices in both the UK and EUA cap-and-trade markets have fallen sharply today.
December 2020 EUA allowances hit a high of €52.95/mt earlier, but struck a low of €48.71 at 1451 UK time.
There were 14 successful bidders in the UK’s inaugural auction out of the 15 registered.