ICIS Enhances Daily Carbon Market Coverage With Unique Assessments of EU Aviation Allowances
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
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
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.
For further information about this new coverage, please contact: Karin Hausmann Marketing +44(0)20-7911-1927 firstname.lastname@example.org