According to a report by the German Institute for Economic Research (DIW), the expansion of German renewable energies by 2030 will not be enough to reach the German target of a 65% renewable electricity supply. Due to the elimination of older plants and the under-construction of new wind and solar power plants, only 55% are expected to be reached according to the DIW report.
To reach the 65-percent target for Germany, the DIW researchers believe that 4,400 megawatts of photovoltaic power plants and 4,300 megawatts of wind power plants on land should be built each year. Should the total wind offshore capacity be increased to between 20,000 and 35,000 megawatts, the green electricity share could even increase to 85 percent by 2030.
In the past trading week, prices for European CO2 emission allowances ranged between EUR 21.88 and EUR 23.54. At the end of the trading week, they closed with a gain of just over 3% over the previous week.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 2019-03-01 | 2019-03-08 | Change |
| EUA (Spotmarket) | 22.18 EUR | 22.88 EUR | +0.70 EUR |
| EUA (December-2019-Future) | 22.28 EUR | 23.02 EUR | +0.74 EUR |
| CER (Spotmarket) | 0.23 EUR | 0.22 EUR | -0.01 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 64.99 USD | 65.82 USD | +0.83 USD |
| EURO (Currency, Forex) | 1.1364 USD | 1.1233 USD | -0.0131 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 has 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. This 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.)
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