Month: February 2020

Dear Sir or Madam,

in the north of Germany, the hurricane “Sabine”, has weakened and is now moving further south. As a result, some 20,000 households in Bavaria were cut off from the power grid this morning. Initial reports from the north and centre of Germany speak of injured people, destroyed houses and cars, closed motorways and massive disruption to rail and air traffic. Apparently, the highest wind speed of 177 km/h was measured on the Feldberg. Also, from England, Scotland and the Netherlands, where the hurricane was given the name “Chiara”, massive damages are reported. And the storm will probably continue to keep Europe in suspense in the coming days, causing considerable disruption with wind speeds of up to 150 km/h and heavy rain and snowfall.

At about the same time, the Argentinean Antarctic research station Esperanzan reports the highest temperature ever measured, at 18.3 degrees Celsius. This significantly exceeds the previous temperature record of 17.5 degrees from 2015. The melting of glaciers and ice sheets in the Antarctic as a result of global warming is being watched with concern by scientists, as it is a major factor in the rise of sea levels worldwide.

A look at the price of CO2 emission rights shows a further decline in the past trading week. Weak economic data from Europe and significantly weaker demand from China initially pushed the price of crude oil further down for the week. Although news of a possible cutback in production volumes by the OPEC+ countries initially provided a short-term recovery, the uninterrupted spread of the corona virus is a significant burden on the market.

The price of European Pollution Rights followed the price of Crude Oil last week in a conspicuous manner and starts the new trading week weakened once again.

(Average Quotes Exchange / OTC)
Instrument	31/01/2020	07/02/2020	Change
EUA (Spotmarket)	23.81 EUR	23.28 EUR	-0.53 EUR
EUA (December-2019-Future)	23.88 EUR	23.34 EUR	-0.54 EUR
CER (Spotmarket)	0.22 EUR	0.21 EUR	-0.01 EUR
ICE Brent Crude Oil (Benchmark Future)	56.62 USD	54.50 USD	-2.12 USD
EURO (Currency, Forex)	1.1090 USD	1.0944 USD	-0.0146 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 press has reported much less about “Fridays for Future” in the past days and months. It was also clear to Greta Thunberg and her colleagues that all the hype is over. But what remains in the end?

More than you could expect at the beginning. In all of the discussions, some of which are strongly polarized, a change has occurred in many areas. In addition to climate protection, which every major party in Germany now wants to prevent with the exception of the AfD, more and more people are considering the sustainability of their actions. Even the ADAC is turning away from its stance against a general speed limit, which would have been unthinkable just a few years ago.

But more importantly – young people are becoming more political again and give climate protection a high priority. According to a study by the Federal Environment Agency presented last week, it is very important for 45 percent and rather important for another 33 percent. From the point of view of young people, environmental and climate protection also has a positive impact on social goals. For example, it is particularly important for 65 percent that future generations without adequate environmental and climate protection would be burdened by massive environmental problems.

The prices for CO2 emission allowances have decreased repeatedly in the past week compared to the previous week. Here Brexit does not allow bullish sentiment, even if the British only leave the European emissions trading system at the end of the year at the end of the third trading period. The British auctions should also start again at the end of March at the latest.

In addition, the significantly lower oil price, which is so worrying for OPEC that it is considering moving to its next meeting, together with weak gas prices, is putting pressure on prices.

The current trading week also starts in the red, although the technical indicators are currently bearish.

(Average Quotes Exchange / OTC)
Instrument	24/01/2020	31/01/2020	Change
EUA (Spotmarket)	24.36 EUR	23.81 EUR	-0.55 EUR
EUA (December-2019-Future)	24.45 EUR	23.88 EUR	-0.57 EUR
CER (Spotmarket)	0.21 EUR	0.22 EUR	+0.01 EUR
ICE Brent Crude Oil (Benchmark Future)	60.50 USD	56.62 USD	-3.88 USD
EURO (Currency, Forex)	1.1025 USD	1.1090 USD	+0.0065 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