Terms of Use and Documentation Notes Allowance Price Explorer

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Disclaimer: Allowance price and revenue data updated manually. The data is provided for information purposes only; current allowance prices may differ from those displayed. We do not take responsibility for the timeliness, correctness, or completeness of the data provided.

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Terms of use:

  1.  The underlying data and the graphics are provided for information purposes only.
  2. Current allowance prices may differ from those displayed.
  3. ICAP does not take responsibility for the timeliness, correctness, or completeness of the data provided.
  4. Graphics or underlying data provided by the ICAP Allowance Price Explorer may only be reproduced, redistributed and used for non-commercial purposes subject to ICAP's prior written permission.
  5. When permitted to use graphics or underlying data provided by the ICAP Allowance Price Explorer, users are required to reference both the ICAP Allowance Price Explorer and the original source of the data (as described below), as well as any disclaimers identified in the sources.

Notes:

  • Allowance prices and revenues are updated manually and quarterly.
  • Emission Trading System (ETS) allowance prices are not a single commodity. Allowance prices are not directly comparable across systems, given different circumstances and differences in ETS design
  • Different types of prices are displayed for different systems, either auction or from the secondary market (see table below). Prices are reported in different frequencies depending on their availability. This heterogeneity may affect the ability to view allowance price data across specific time periods.
  • RGGI allowance prices are in short tons and have been converted metric tons for the purposes of the tool.
  • Where allowance prices reflect auction settlement prices, a linear development of the price between auctions is assumed. Prices in secondary markets may differ from this trajectory.
  • Spot prices and futures reflect settlement prices and do not capture intra-day trade variation.
  • Where allowances have a limited vintage, the time series data compiles these vintages in a way that reflects the compliance cycle.
  • Rule-based market stability mechanism with price triggers can be overlaid on the jurisdiction-specific view. Other stability mechanisms which do not have price triggers cannot be reflected here but may also impact upon prices.
  • Allowances prices can be viewed in Euros (€), USD ($) or, for the jurisdictions specific view, domestic currency. All market stability mechanisms are displayed in domestic currency.
  • Where systems are linked, the domestic currency market stability mechanisms may also exhibit exchange rate volatility.
  • Prices for the ETS systems in Kazakhstan, Tokyo, Saitama, Oregon, Austria, Australia and Indonesia are not included in this version of the tool.
  • For currency conversions, monthly exchange rates provided by the International Monetary Fund (IMF) are used. It is possible that, at the time of updating the tool, exchange rates for the respective month are not yet available from IMF. In this instance, the latest available exchange rates are used.
  • Allowance prices are reported in nominal values and are not inflation adjusted.

 

Disclaimer on use or reference to ICE Data: INTERCONTINENTAL EXCHANGE, INC., ICE DATA LLP, AND/OR ANY OF ITS AFFILIATES (“ICE GROUP”), MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ICE FUTURES DATA AND/OR THE FIGURE AT WHICH ICE FUTURES DATA STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE. THE USE OF ICE FUTURES DATA IS PROVIDED ON AN ‘AS IS’ BASIS AND ICE GROUP DISCLAIMS ALL LIABILITY FOR ANY LOSS OR DAMAGE WHATSOEVER INCURRED BY THE USE OF ICE FUTURES DATA HEREIN, EVEN IF ICE GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES, DAMAGES OR EXPENSES. ANY DISTRIBUTION OR COMMERCIAL USE OF ICE FUTURES DATA IS PROHIBITED WITHOUT THE PRIOR WRITTEN CONSENT OF ICE DATA LLP.


Sources for allowance prices, revenues, and exchange rates:
 

SystemType of dataNotesSource
European Union Emissions Trading System (EU ETS)Spot price (up to 31 December 2018). End-of-day (graph-only) and weekly average (download-only) (from January 2019)EUA spot priceup to 2018 provided by the EEX Group . From 2019, end-of-day and weekly average data is provided by Intercontinental Exchange. End-of-day ICE Data is only visible in the tool’s graph-format. Weekly average data is available for download and with a 6-month lag (see above for disclaimer on ICE Data). ICE Data corresponds to the closest upcoming December delivery as of the day of trading.

EEX

ICE

European Union Emissions Trading System (EU ETS)Auction dataEUA auction price and revenue data provided by the EEX Group EEX
New Zealand Emissions Trading System (NZ ETS)Spot price (Up to September 2023) and carbon price index (from January 2024)Up to September 2023, NZU Data was supplied by Jarden. From January 2024, it is supplied by Carbon News. From January 2024, the data corresponds to Carbon News' carbon price index for secondary market spot prices.Carbon News
New Zealand Emissions Trading System (NZ ETS)Auction dataNew Zealand auction prices and revenues data  are retrieved from the auctions noticeboard website.Auction noticeboard
Regional Greenhouse Gas InitiativeAuction dataRGGI auction prices and revenues data are retrieved from the RGGI website (here)RGGI
Regional Greenhouse Gas InitiativeAllowance transfer priceRGGI allowance transfer prices are retrieved from the RGGI CO2 Allowance Tracking System (here)RGGI COATS
Californian Cap and Trade ProgramAuction dataCalifornian Cap and Trade auction prices and revenues data are retrieved from the Air Resources Board website (here)Californian Air Resources Board (ARB)
Californian Cap and Trade ProgramEnd-of-day (graph-only) and weekly average (download-only) (from January 2019)From 2019, end-of-day and weekly average data is provided by Intercontinental Exchange. End-of-day ICE Data is only visible in the tool’s graph-format. Weekly average data is available for download and with a 6-month lag (see above for disclaimer on ICE Data). ICE Data corresponds to the closest upcoming December delivery as of the day of trading.ICE
Québec Cap and Trade ProgramAuction dataQuébec Cap and Trade auction prices and revenues data are retrieved from the Ministry for the Fight Against Climate Change website (here)Ministry for the Environment and the Fight against Climate Change
Ontario Cap and Trade ProgramAuction dataOntario Cap and Trade auction prices and revenues data were retrieved from the Government of Ontario’s website (here).Ontario Government
Switzerland Emissions Trading SystemAuction dataSwiss ETS auction prices and revenues data are retrieved from the Swiss Emissions Registry (here).Swiss Emissions Registry
Korean Emissions Trading SystemSpot price and auction dataKorean ETS spot prices, auction prices and revenues data are retrieved from the Korea Exchange (here and here)Korea Exchange and here
Nova Scotia Cap-and-Trade ProgramAuction dataNova Scotia Cap and Trade auction prices and revenues data were retrieved from the Nova Scotia Cap-and-Trade Program website (here)Nova Scotia Cap-and-Trade Program
United Kingdom Emissions Trading SchemeAuction dataUnited Kingdom Emissions Trading Scheme auction prices and revenues data are retrieved from the Intercontinental Exchange (ICE) platform (here) (see above for disclaimer on ICE Data)ICE
United Kingdom Emissions Trading SchemeEnd-of-day (graph-only) and weekly average (download-only) (from May 2021)From 2021, end-of-day and weekly average data is provided by Intercontinental Exchange. End-of-day ICE Data is only visible in the tool’s graph-format. Weekly average data is available for download and with a 6-month lag (see above for disclaimer on ICE Data). ICE Data corresponds to the closest upcoming December delivery as of the day of trading.ICE
German National Emissions Trading SystemAuction dataGerman National Emissions Trading System auction prices and revenues data are retrieved from the EEX platform (here)EEX
Washington Cap-and-Invest ProgramAuction dataWashington Cap-and-Invest Program auction prices and revenues data are retrieved from the Washington Cap-and-Invest Program website (here)Washington Cap-and-Invest Program auctions and trading website
Washington Cap-and-Invest ProgramEnd-of-day (graph-only) and weekly average (download-only) (from June 2023)From 2023, end-of-day and weekly average data is provided by Intercontinental Exchange. End-of-day ICE Data is only visible in the tool’s graph-format. Weekly average data is available for download and with a 6-month lag (see above for disclaimer on ICE Data). ICE Data corresponds to the closest upcoming December delivery as of the day of trading.ICE
China National Emissions Trading SystemSpot pricePrices are provided by SinoCarbon and retrieved from the Shanghai Environmental and Energy Exchange (here)Shanghai Environmental and Energy Exchange
Shenzhen (Pilot) Emissions Trading SystemSpot price and auction dataPrices and revenues data are provided by SinoCarbon and retrieved from the China Emissions Exchange (Shenzhen) (here)China Emissions Exchange (Shenzhen)
Beijing (Pilot) Emissions Trading SystemSpot price and auction dataPrices and revenues data are provided by SinoCarbon and retrieved from The China Beijing Environmental Exchange (here)China Beijing Environmental Exchange
Shanghai (Pilot) Emissions Trading SystemSpot price and auction dataPrices and revenues data are provided by SinoCarbon and retrieved from the Shanghai Environmental and Energy Exchange (here)Shanghai Environmental and Energy Exchange
Tianjin (Pilot) Emissions Trading SystemSpot price and auction dataPrices and revenues data are provided by SinoCarbon and retrieved from the Tianjin Climate Exchange (here)Tianjin Climate Exchange
Guangdong (Pilot) Emissions Trading SystemSpot price and auction dataPrices and revenues data are provided by SinoCarbon and retrieved from the China Emissions Exchange (Guangzhou) (here)China Emissions Exchange(Guangzhou)
Hubei (Pilot) Emissions Trading SystemSpot price and auction dataPrices and revenues data are provided by SinoCarbon and retrieved from the China Hubei Emission Exchange (here)China Hubei Emission Exchange
Chongqing (Pilot) Emissions Trading SystemSpot price and auction dataPrices and revenues data are provided by SinoCarbon and retrieved from the Chongqing Carbon Emissions Trading Center (here)Chongqing Carbon Emissions Trading Center
Fujian (Pilot) Emissions Trading SystemSpot pricePrices are provided by SinoCarbon and retrieved from the Haixia Equity Exchange (here)Haixia Equity Exchange
Exchange ratesMonthly Average Exchange RatesExchange rates are provided by the International Monetary Fund, International Financial Statistics and can be accessed (here).IMF DATA