LONDON, June 7, 2012 /PRNewswire/ --
ICIS, a trusted provider of European carbon market pricing information, is expanding its daily coverage by offering new price assessments of EU Aviation Allowances (EUAAs).
In 2012, the European Commission obliged all airlines that fly to or from an airport within the EU to offset their emissions by participating in the Emissions Trading System (ETS).
The consequence will be a wave of new counterparties entering the European carbon market. This comes at a critical time as this market is oversupplied and airlines are expected to need more allowances than have been allocated to them. It is also a clear signal of intent from the EU that it will force other industries into the carbon cap and trade system.
Airlines will have to submit their certificates to cover 2012 emissions, in 2013. To ensure they meet their EU target levels, airlines will need to start trading their EUAAs. So far, only a few EUAAs have been traded, but liquidity is expected to pick up in June, as soon as the common EU registry is active. Airlines that do not comply with the new regulation risk being penalised.
The expanded report coverage will provide subscribers with daily price assessments, the latest information on price-related issues and information on regulatory developments, helping airlines and financial institutions to make trading decisions.
"EUAAs are a new type of credit in the EU ETS and airlines, as well as other market participants, will need to know the value of these credits, compared to existing contracts," says Marie Louise Du Bois, editor of European Daily Carbon Markets at ICIS.
To find out more about our unique coverage, visit our website >>
ICIS is the world's largest petrochemical market information provider, and has fast-growing energy and fertilizer divisions.
Our aim is to give companies in global commodity markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling them to make better-informed trading and planning decisions.
With a global staff of more than 600, ICIS has people based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai and Perth. The team covers over 120 commodity markets, and has in-depth knowledge across markets in upstream and downstream sectors in Europe, Africa, the Middle East, Asia-Pacific and the Americas.
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