Month: January 2021

Dear Sir or Madam,

Joe Biden took office in Washington last week and one of his first acts was to initiate the United States’ return to the Paris Agreement and to sign a letter to that effect to the United Nations. If the letter of accession is accepted, the US will officially rejoin the agreement 30 days later.

Nobody less than former US Secretary of State John Kerry has been appointed as special envoy for climate protection in the United States’ national security council. Furthermore, President Joe Biden has instructed his government employees to identify all decisions made by the Donald Trump administration to the detriment of environmental and climate protection and to initiate appropriate countermeasures.

Last week, the bulls again set the tone on the market for European CO2 emission rights and caused prices to rise by almost 8% compared to the bearish previous week. On Friday this Week the first auction of EUAs from the new trading period takes place. At the Leipzig EEX, 2,651,000 EUAs from the German contingent will be offered for auction; in the following 5th calendar week of the year there are then a total of 15,091,500 emission certificates.

When purchasing emission rights to meet the compliance obligation for 2020, please ensure that the EUAs for the new trading period cannot be used for 2020 and discuss your needs with your trader, who will transfer the required certificates to you. In the newly designed Union Registry you will then see which trading period the EUAs are to be assigned to.

(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,

in Germany this week there are signs of a tightening of the lockdown and in the USA the transfer of power from Donald Trump to the new US President Joe Biden is to take place.

Since the newest uncertainties due to the state of mind of Donald Trump and his partly militant supporters, the financial and commodity markets have initially shifted into reverse gear and numerous investors have taken profits, which naturally leads to easier prices.

It is still uncertain to what extent the German prime ministers of the individual federal states will be able to agree on further tightening of the lockdown on Tuesday, but an extensive home office obligation and the obligation to wear FFP2 masks could come, with further effects on the economy and thus the stock and commodity exchanges events are feared.

In addition, milder temperatures are arriving in Central Europe this week, which in turn reduces CO2 emissions for heat energy generation.

All in all, these are apparently enough facts to allow both the German DAX and the CO2 emission allowances to start the new trading week with losses.

(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,

By January 7th, 2021, the software of the Union Registry was subjected to a major update and is now available again for users. Anyone who has logged in since then will see information on the home page that transactions for the EU 100 accounts with system operators can only be carried out with trust accounts based on the dual control principle, and with trading accounts and earlier personal accounts only dual control-Principle to both trust and non-trust accounts. Most account holders have done this in the past.

Another novelty with the accounts is that you can already use EUA on this subpage. EUAA, CHU and CHUA can select. It should be of particular interest, however, that it is now divided into which trading period the EUA or EUAA are as soon as one selects an account. As already mentioned a few weeks ago, the emission rights of the fourth trading period, which will be auctioned from January 29, 2021, cannot be used for the compliance for 2020. When purchasing emission rights for the last year, you should pay attention to this information.

In the past week, not only did the DAX reach a new all-time high of over 14,000 points, the CO2 emission rights also set a new high at 35.20 euros in the December future. There were, of course, reasons for this – optimistic financial markets and below-average temperatures in Europe as well as a generally stronger energy complex further reinforced the bullish tendency. The EUA start the new week a little easier.

(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