Month: June 2020

Dear Madam or Sir,

While the temperatures in Central Europe are becoming more and more summery this week, Siberia suffers from significantly too high temperatures. Already the last winter was the warmest winter in history since the beginning of the weather record of 130 years and now temperatures of well over 30 ° C are measured there, 12 ° C would be common in the area around Verkhoyansk.

This shows in particular how strong the global climate is already in a process of change. The thawing of the permafrost soils, which is associated with the high temperatures, is particularly problematic here, as a result of which enormous amounts of CO2 and methane gas escape into the atmosphere, which also increases climate change.

A little less CO2 is currently being released into the earth’s atmosphere due to the currently lower demand for crude oil. Despite lower production and increasing inventories, the price of the Brent variety rose three US dollars last week and is now well above the USD 40 mark again.

The prices for CO2 emission allowances in Europe also rose further in the past trading week and reached the pre-corona crash level with more than 24 euros.

In the new trading week, 11.6 million EUA will be auctioned at Leipzig’s EEX in just four days, significantly less than in the coming week, where 17.8 million certificates are on offer, including 810,500 pollution rights for the aviation industry.

(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 Madam or Sir,

As the German Federal Ministry for the Environment published last week, last year the new record of $ 282.2 billion was invested globally in the expansion of renewable energies, which corresponds to an energy production of 184 gigawatts. Of these, 118 gigawatts come from solar energy alone. More than half of the investments went to emerging and developing countries.

The global share of renewable energies in electricity generation rose by 1% compared to the previous year to 13.4% in 2019.

In the period from 2010 to 2019, Germany now ranks fourth after China, the USA and Japan. However, last year the investment volume decreased by approx. 30% compared to 2018. Renewable energies currently represent almost 80% of the newly built power generation plants in Germany. Here there was a visible slump in wind turbines, but this is offset by an increased share of solar energy.

By 2030, 87 countries have committed to invest approximately $ 1 trillion in renewable energy with a total capacity of 826 gigawatts.

The prices for European CO2 emission allowances (EEA) declined in the past week after the increase in previous weeks, as did the global financial markets.

In the new trading week, a total of almost 17 million EUA are on the calendar for auctioning at the Leipzig energy exchange EEX on all five working days.

(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 Madam or Sir,

With the beginning of the easing of the global corona measures, crude oil has recovered significantly in the past weeks and by the end of the past trading week rose again above the $ 40 mark for the Brent variety. The price of fossil fuel has almost tripled since the lows in April, which is also due to the fact that the number of active oil rigs has decreased by around 65% since March.

It would be premature to see the end of the oil age due to the corona crisis, but the trend towards energy from renewable sources is strengthening. And the decision of the German government to increase the purchase premium for electric cars again by EUR 3,000.00 and not to pay a premium for vehicles with old-fashioned internal combustion engines shows that a rethink has also started in politics.

At the same time, European measures to combat the corona economic crisis have strengthened the euro, which gained almost two cents against the US dollar last week.

The price of European CO2 emissions rights also rose significantly and broke the 23 Euro mark.

In the new trading week, a total of 11.6 million EUA will be offered for auction at the Leipzig EEX in four auctions, followed by 17 million EUA in the coming week.

(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