Ft Tre Discussion Threads

[codydotcom] 11/6/2007 10:36

The market appears to be gaining traction, and there were some encouraging noises from G8 last week.

I've bought again this morning.

[l3gend] 04/6/2007 14:52

There are some C shares as well as the A shares. The C shares have a price of about 140p and they will merge into the A shares later this year. Therefore, when the spread between the A and C shares is as wide as this you are better off buying the C shares.

[l3gend] 02/6/2007 19:40

I dont think there is much difference in value between the A share of Trading Emissions and the C shares and they will merge later this year. Wiorth buying the C shares as well as A shares.

[asparks] 02/6/2007 15:07

"How green turned into gold"

Shares in companies fighting climate change are soaring on the London Stock Exchange. Critics call it 'green fever', but it's hardnosed investors who are driving this particular bandwagon

...At Jupiter, Charlie Thomas runs Ecology, currently sixth out of the 205 funds in the "global growth" unit trust sector....He says: "The recent good performance of environmental-focused companies is the beginning of a trend and not the end of one."

full article:

[l3gend] 01/6/2007 15:35

The C shares look like the ones to buy now as at a discount.

[wormcatcher] 30/5/2007 16:57

Nice move up again over the last couple of days.
EUA Dec08 at € 24.90 at close yesterday, but back to € 24.00 today.

[lordcoco] 25/5/2007 11:35

DEC08 EUA now pushing €24



Shame the momentum in other parts of the emissions market has not carried through to TRE recently. ECO released a farly bullish AGM statement today, with particular reference to the market beyond 2012. Perhaps investors here are wary as to what will happen after the share class merger? ECO statement also seems to back up TRE's outlook at interims: "* Recently, CER prices have been increasing in line with demand in Japan and the EU. Substantially tighter National Allocation Plans proposed for Phase II of the EU ETS have contributed to this positive trend."

I imagine the dec08 contracts should pull back a bit from here, from TRE's interims: "Emission reductions within the EU will only be achieved at the marginal cost of abatement which commentators believe is between Euro25 - Euro30 per tonne."

Also looks like the gov. may be about to stick their oar in:



In BRC's report they set out seven test which set the basic standards that they believe policy makers should use when considering climate change regulation. These tests are:

1. Ensure climate policy is consistent with a healthy UK economy

2. Government must develop and act consistently with a climate change
strategy; avoiding piecemeal announcements

3. Test policy against a carbon price benchmark

4. Carbon policy choices must be efficient; don't do things twice

5. Keep administrative costs to a minimum

6. Do not use climate change as a justification for other policy goals

7. If it isn't working, change it

One thing they may try and do to ensure businesses/industries participate fully is to try and curb prices due to speculators/traders in the market which, if it gets a bit "bubbly", may put off genuine buyers as the economic advantages dwindle away - just a thought. Would of course need backing of EU and other participating countries gov. bodies.

Totally agree with this bit: "However, the Government agrees that there is a need for a simplification review of the main climate change instruments aimed at industry and business. This is underway and will look strategically at the scope for reducing overlaps and minimising burdens."

Though saying that ( they have just added a "CRC" to the ETS, EUA, CER, VER, CCS, CDM, ERU, ERPA etc. etc. to the never ending list of acronyms.

Anyone else get a headache trying to keep up?

[kasman] 23/5/2007 11:35

About £6 per carbon credit - wholesale price (sept 2006 wholesale price)

Edit - Sorry should be $6 and not £6

[asparks] 23/5/2007 11:30

where can I find the prices of carbon credits?

[asparks] 23/5/2007 10:17

OT but great news for carbon trading:

Alkane Energy Carbon Emissions Savings


RNS Number:0658X
Alkane Energy PLC
23 May 2007


For Immediate Release 23 May 2007



Alkane Energy plc


Verification Process Started for Alkane's Carbon Emissions Savings

Alkane Energy plc (AIM: ALK), a world leader in renewable electricity generation
technology, is pleased to announce that it has signed a contract with Dutch
emissions trading company Carbon-TF B.V. to verify its current and historic
emissions savings from the capture and use of coal mine methane from post mining
activities.

TUV Nord, a world leader in emissions measurement and accredited by the UNFCCC
(United Nations Framework Convention on Climate Change), has started an
investigation into the verification of Alkane's data on methane capture,
collected as a matter of 24/7 routine at its plants. The objective is to verify
all or part of Alkane's last 7 years' emissions savings, which total several
million tones of carbon dioxide equivalent. Once verified, Carbon-TF would trade
these Verified Emissions Reductions (VERs) on Alkane's behalf for an agreed
commission.

VERs are actual emissions reductions generated by the capture of damaging
greenhouse gases, especially methane, and they are purchased by international
companies that emit large quantities of greenhouse gases in order to reduce
their carbon footprints.

Commenting on the development, Cameron Davies, Chief Executive of Alkane, said:

"The recognition by Carbon-TF of Alkane's emissions savings - and its agreement
to trade our VERs - provides the opportunity for future income for the business,
as Alkane grows its numbers of plants in operation."

Editors Note

Methane is a potent greenhouse gas with a net global warming potential 18.25
times that of carbon dioxide. The practical effect of this in terms of
emissions trading is that capturing 1 tonne of methane produces 18.25 emissions
credits in comparison with 1 credit per tonne of carbon dioxide.

Enquiries:

Alkane Energy plc Buchanan Communications
Dr Cameron Davies, Chief Executive Ben Willey, Associate Director
Nick Melson, Account Manager
Tel: [phone] Tel: [phone]

[l3gend] 18/5/2007 20:11

The CER price is made up anyway at the moment - wouldnt focus on it too much. This thing is cheap.

[codydotcom] 17/5/2007 16:03

I have added further today

[sven2006] 17/5/2007 15:25

thanks for that, am in CLE already but was a little unsure wether or not to dip my toe here too. The chart looks very encouraging from here too.

Thanks again

sVen

[lordcoco] 17/5/2007 15:14

Don't think it's "green hype" Sven, you only have to look at the news and volumes on the emmisions/carbon exchanges to see that it looks like carbon trading is being widly adopted and pushed as the most likely method to ensure targets are set and met. Have a look at what's happening over on CLE - a bit of a rush to own a slice of the exchanges themselves.

Good see a little + today, was starting to get a bit concerned what with dec08 eua at over €21 now.

Anyone got a view as to whether there might have been a seperation between the correlation of EUAs and CERs recently?

[sven2006] 17/5/2007 12:48

very quiet on here guys, is this a sleeping giant or just the current green hype making this climb?

any info welcome

sVen

[lordcoco] 09/5/2007 10:13

Recently published spot of light reading for everyone:

[pb1] 09/5/2007 09:53

no probs.

I use IG to trade also and they have Dec 07 and Dec 08 contracts. The prices are live and not 25 min delayed as in that site.

[lordcoco] 09/5/2007 09:38

bobdouthwaite, the easiest way is if you have an ig account or another similar, where they quote a price for carbon, that way you get live prices (currently €19.82), the ECE above only quotes the previous days closing price and volume.

The ironic thing at the moment is that during this pullback the dec08 contracts and those beyond, have continued upwards. Anyhow, a nice few weeks for tre.

[bobdouthwaite] 09/5/2007 09:05

pb1, thanks

[bobdouthwaite] 08/5/2007 10:20

L3gend, looking to get in on this, but how do you monitor carbon prices please?

[l3gend] 07/5/2007 15:35

Come back to a great level now while carbon price still going up and the date for merging the shares is nearer.

[dusty35] 03/5/2007 13:11

No but if you go to the world bank carbon website it is on there - will look again for it later.

[codydotcom] 03/5/2007 09:30

Do you have a link to that please Dusty?

tia