It has been an exciting year for all of us working in the emissions market. Prices of European Carbon Allowances increased by more than 200% during 2018 driven by political reform measures but also due to renewed interest demonstrating increased trust in this market.
Thanks to the great support of our traders and brokers, we managed to double our secondary market share from around 8 to 16% which was especially supported by the strong rise in options where about 30% of the market volume was traded at EEX.
Anticipating scarcity in supply in the coming years, companies are more and more focusing on the auctions, where EEX was re-awarded the contract as German auction platform for emissions for further three years and hosted its first secondary market auction.
Last but not least, our US based subsidiary Nodal Exchange successfully introduced North American environmental products in cooperation with IncubEx in November 2018. We are very much looking forward to the developments and challenges in 2019. If one is for certain: it won’t be boring!