COZ 1.33% 7.6¢ commodities group limited

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  1. 266 Posts.
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    Yellow Cake,
    Do yourself a favor and read the quarterly report from COZ out today. Points of interest:

    *Several carbon transactions in anticipation of the
    2010 AETS have already occurred in the A$19 to
    $20 per tonne range.
    According to Michael Wiener, Managing Director
    with Perenia Carbon, Australian market
    participants suggest an industry expectation of an
    initial carbon price of A$25-30 per tonne

    *Global carbon market doubles and hits US$64b in
    2007.28
    The size of the global carbon market doubled to
    US$64 billion (€41.32 billion) in 2007 compared to
    2006, the World Bank has stated in its annual carbon
    report – ‘State and Trends of the Carbon Market
    2008’.

    *Deutsche Bank maintains its €35 per tonne price
    target.11
    According to Deutsche Bank, companies covered
    by EU ETS are likely to emit 260 million tonnes of
    CO2 more than the number of allowances issued
    per year.
    The bank stated that this would underpin its view
    that EU carbon prices would have to rise to €35.00
    to achieve the necessary abatement.

    *US Carbon Prices
    CBO estimate US$44 per tonne price by 2018

    There is a heap more of good reading in the quarterly and I still believe this aint going away. 2010 is my target for some good movement
 
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