Month: November 2019

Dear Sir or Madam,

Starting with the cut-off date of January 1, 2018, only about 800 billion tons of CO2 are expected to be emitted globally, in order to limit global warming to well below 2 degrees by 2100, according to the IPCC. In view of the current global emissions of about 40 billion tons per year, the world will therefore still have about twenty years left before humankind needs to be climate-neutral.

In a study for the Campact organization, the New Climate Institute came to the conclusion that Germany needed to be climate-neutral by 2030 so as not to miss the 1.5-degree target and to remain within the national budget.

Simply put, everyone would still have a good 100 tonnes of CO2 that they can emit in the years to come. A global CO2 emissions trading scheme in which all people can participate would, above all, achieve one thing – justice. After all, the people who are most affected by climate change are those who have the least responsibility for it.

Prices for European CO2 emissions recovered slightly last week in a positive market environment. This week, due to the Polish and German auction, 15.8 million new certificates will be auctioned at the Leipzig EEX. The demand for the auctions could be a good indicator of how prices will develop over the coming days.

(Average Quotes Exchange / OTC)
Instrument	15/11/2019	22/11/2019	Change
EUA (Spotmarket)	23.85 EUR	24.57 EUR	+0.72 EUR
EUA (December-2019-Future)	23.85 EUR	24.58 EUR	+0.73 EUR
CER (Spotmarket)	0.16 EUR	0.18 EUR	+0.02 EUR
ICE Brent Crude Oil (Benchmark Future)	63.35 USD	63.64 USD	+0.29 USD
EURO (Currency, Forex)	1.11051 USD	1.1020 USD	-0.0031 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.)

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

With kind regards,

Advantag Services GmbH

Dear Sir or Madam,

The German Bundestag passed the climate protection law last Friday and now only has to pass the Bundesrat. The law sets out how much CO2 can be emitted each year in the areas of buildings, transport, agriculture, energy and industry. The goal of greenhouse gas neutrality by 2050 for Germany will be enshrined in law for the first time. So far, the Federal Government’s 2050 target has been 80 to 95 percent CO2 reduction. The starting price per tonne of CO2 for the transport and housing sectors should be just 10 euros from 2021 onwards.

The German Greens, on the other hand, who have just held their congress in Bielefeld, demand a price of 60 euros per tonne of CO2 and could head for the Chancellery with consistently good election polls.

Regardless, even Chancellor Angela Merkel sees a global warming of 3°C as likely, should the international community remain with the current climate protection goals. According to the Federal Chancellor, 20 percent of the world’s population consumed 80 percent of global resources, which is why these states have a special responsibility.

Greenhouse gas prices continued to be slightly bearish last week, losing nearly one euro. It can not be ruled out that the market will remain under pressure in the new trading week and wants to test the half-year low of EUR 22.03, after having broken important technical support measures. In addition, this week will bring 15,781,000 on five trading days on the Leipzig EEX for auction.

(Average Quotes Exchange / OTC)
Instrument	08/11/2019	15/11/2019	Change
EUA (Spotmarket)	24.84 EUR	23.85 EUR	-0.99 EUR
EUA (December-2019-Future)	24.84 EUR	23.85 EUR	-0.99 EUR
CER (Spotmarket)	0.18 EUR	0.16 EUR	-0.02 EUR
ICE Brent Crude Oil (Benchmark Future)	62.64 USD	63.35 USD	+0.71 USD
EURO (Currency, Forex)	1.11018 USD	1.1051 USD	+0.0033 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.)

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

With kind regards,

Advantag Services GmbH

Dear Sir or Madam,

the media hype around Greta Thunberg and the movement “Fridays for Future” seems to be coming to an end and climate protection is just one of many topics. So it is fitting that the warning of 11,000 scientists from 184 countries is not to be found on the front pages of the newspapers on which the climate protection movement had recently found a place.

The joint declaration of the scientists, of which 900 are from Germany, warns of a global climate emergency. At the same time, the scientists have come to the conclusion that the objectives of the Paris Agreement on climate change are not enough to reduce global warming. And here too, only 28 EU states and 7 other countries are on the right track.

At the same time, the scientists warned that there would be untold human suffering insofar as human behaviour on greenhouse gas emissions would not fundamentally change. To achieve this, they are calling for, among other things, the switch to renewable energies, a sustainable change in the world economy, the containment of world population growth and the reduction of animal products.

It is to be hoped that this urgent warning will be a topic at the upcoming World Climate Change Conference in Madrid next month.

Prices for one ton of CO2 emissions have become slightly cheaper in the EU next week. During this trading week, 11,066,500 EUAs will be offered for auction on the Leipzig EEX on four days, which is 5.6 million fewer shares than in the previous week.

(Average Quotes Exchange / OTC)
Instrument	01/11/2019	08/11/2019	Change
EUA (Spotmarket)	25.28 EUR	24.84 EUR	-0.44 EUR
EUA (December-2019-Future)	25.29 EUR	24.84 EUR	-0.45 EUR
CER (Spotmarket)	0.20 EUR	0.18 EUR	-0.18 EUR
ICE Brent Crude Oil (Benchmark Future)	61.52 USD	62.64 USD	+1.12 USD
EURO (Currency, Forex)	1.1165 USD	1.1018 USD	-0.0147 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.)

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

With kind regards,

Advantag Services GmbH