Emissions Trading / Carbon Market News (2017-09-25)

Dear Ladies and Gentlemen,

It had been a long time in coming, that both of the German governing parties would be faced with opposing wind, but such massive losses was not expected in the latest prognoses. Only every third elector opted for the Christian Democratic CDU/CSU and only every fifth for the Social Democratic SPD. A continuation of the grand coalition of CDU/CSU and SPD would be possible with 53.5%, but SPD chancellor candidate Martin Schulz refused steadfastly to do. That might be understandable from the point of view of his party, but it does not correspond to democratic values. One cannot rule out the possibility of new elections, which would lead the social democrats one step more to insignificance.

Since SPD became a bad looser and negated a continuation of the grand coalition, federal chancellor Angela Merkel has to focus an alliance of CDU/CSU, the liberal party FDP and the environmental party of the green. The leader of the Green Party and the FDP showed their differences yesterday evening after the election, but declared their basically willingness to negotiate. Especially by the topic climate protection, FDP-Chef Christian Lindner declared, that his party will support the Paris climate agreement, but not with national solo actions. If it would lead finally to such a government coalition, there would be no danger for a continuation of German climate policy.

The market of European emission allowances reacts positive and showed a small plus on Monday morning.

Last week on the other hand, the EUA market was bearish in the second half on swinging trading sessions, what was caused not least by weaker German power prices.


(Average Quotes Exchange / OTC)
Instrument 2017-09-22 2017-09-15 Change
EUA (Spotmarket) 6.64 EUR 6.94 EUR -0.30 EUR
EUA (December-2017-Future) 6.65 EUR 6.95 EUR -0.30 EUR
CER (Spotmarket) 0.20 EUR 0.20 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 56.79 USD 55.57 USD +1.22 USD
EURO (Currency, Forex) 1.1947 USD 1.1941 USD +0.0006 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask have usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. These market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.



With kind regards,


Advantag Services GmbH