The ICE daily CER continued to trade in range, gaining another cent to reach 0.14 EURO (+7.69%). ERUs are trading around 50% of this price. Kyoto units are trading in low volumes while everyone watches today's EUA back-loading proposal vote in the EU. This vote would be the first of several required votes to execute such a set aside this year, and not the hardest one. In the meantime, the market continues to witness continuous new issuances of ERUs and CERs on top of existing oversupply.