Issue CXXVI

The contents of the Newsletter is not a recommendation, either implicit or explicit, to buy or sell emission permits.
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Carbon Newsletter
DBLM Solutions
07 Aug 2014


The EUA Dec14 contract is currently at 6.25.
The the carbon price looks steady bullish this
morning. The market should go quiet for the month
of August will see much of Europes leading civil
servants take a summer break. That said,
comments from the relevant people, i.e Merckel
have shown to agressively influece the markets.
Weekly
Recap
ICE
EUA
Spot
ICE CER
Spot
ICE
EUA
Dec14
ICE CER
Dec14
31/07/2014 6.14 0.17 6.23 0.17
01/08/2014 6.23 0.16 6.28 0.17
04/08/2014 6.17 0.16 6.26 0.16
05/08/2014 6.14 0.16 6.20 0.16
06/08/2014 6.17 0.18 6.21 0.16
Volumes lots 3,350 28 56,141 734
Week %

0.48% 5.88% -0.32% -5.88%
The EUA/CER spread widened this week to 5.99,
at close of business last night versus the 5.95
spread we witnessed last week and 5.99 the week
before.
Auctions
EEX held auctions last Thursday, Friday, Monday
& Tuesday Auction prices were 4.93, 7.55,
13.81, & 6.17 respectively. The cover ratios for
the above auctions were 4.93, 7.55, 13.81 & 9.77



respectively. Auction volumes are to be halved for
the month of August. To compare, only 19.5
million EUAs
will be auctioned in August versus 43 million in
July.
UN Offsets
In July 17 new CDM projects were submitted.
These projects were all hosted by India. 8 CDM
projects got their registration action in July,
bringing the total number of registered CDM
project up to 7538, or 87% of the 8707 of the CDM
projects that are alive.
July had a monthly issuance of 6.0 MCERs. The
total issuance is now 1472 MCERs.
No new JI projects were submitted in July. the JI
Pipeline contains 761 projects.
UN Climate Deal
The UN African conference has highlighted
Africas persistence on guiding the Western world
into a fair response to the emission mitigation
targets. Officials from Tanzania, the democratic
Republic of the Congo, Ghana and Ethiopia said
they were optimisticthat a deal will be irined out by
the 2015 deadline, to be enforced no later than
2020. To date, there is somewhat of a stalemate,
with the west maybe not fulfilling commitments
that were already made but much of the west
needed to steady their own ship in recent years.