Dear Sir or Madam,
The Chinese energy authority has reported that there were noticeable declines in coal-fired power generation in the third quarter of 2026. In the first half of the year, the share of coal-fired power generation even fell below 50 per cent for the first time.
Although China continues to rely on coal-fired power to some extent, the decline is set to continue due to shorter operating hours at power stations. In particular, the expansion of renewable energy and the electrification of road transport have led to a 3.1 per cent reduction in CO2 emissions in the third quarter, as reported by the Centre for Research on Energy and Clean Air (CREA) on the specialist online portal Carbon Brief.
At COP31 in Antalya, Turkey, China intends to highlight the insufficient efforts of industrialised nations to reduce emissions.
At the UN Climate Change Conference, which begins today, the European Union will also advocate in particular for the rapid expansion of electrification in the economy and transport sectors.
Following the Democrats’ victory in the US House of Representatives and the Senate, US tech shares in particular were sold off on the stock markets.
Elon Musk, in particular – who has relocated Tesla’s headquarters to Texas and is said to have supported the Republicans with around half a billion US dollars – now finds himself in Austin, where, for the first time in many decades, there is a new Democratic administration led by Governor Gina Hinojosa and leading Senator James Talarico, both of whom take a rather critical view of the booming AI data centres.
Commodities have also become noticeably cheaper, with gas and oil in particular falling significantly in some cases. This has also put pressure on the prices of EU emission allowances, which were still trading above the 90-euro mark at the start of the week. Over the week, they fell by just under 3 per cent.
The EEX is putting a total of 11,867,500 EUAs up for auction across all five trading days this week; tomorrow and on Thursday, there will also be two fixed-price sales of German national emission allowances at 68 euros, with no volume limit.
| Instrument | 30/10/26 | 06/11/26 | Change |
| EUA (December-2026-Future) | 89.19 EUR | 86.55 EUR | -2.64 EUR |
| EUA2 (December-2028-Future) | 71.00 EUR | 69.85 EUR | -1.15 EUR |
| nEZ26 (national German Emission Certificates) | 68.00 EUR | 68.00 EUR | +0.00 EUR |
| UKA (December-2026-Future (UK)) | 65.53 GBP | 64.75 GBP | -0.78 GBP |
| UK Natural Gas (December-2026-Future) | 257.60 GBP | 212.25 GBP | -45.35 GBP |
| ICE Brent Crude Oil (December-2026-Future) | 117.67 USD | 117.64 USD | -0.03 USD |
| EURO (Forex) | 1.1159 USD | 1.1142 USD | -0.0017 USD |
(EUA, EUA2, UKA, Natural Gas, Crude Oil and Euro Currency shows day-end-exchange quotes of the benchmark contract. This market information has just an informational character and are no advice or offer to trade emission allowances or their futures and options. If you want to unsubscribe, please reply to this mail.)
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With kind regards,
Your Advantag – Team