Dear Sir or Madam,
The German Federal Ministry for Economic Affairs and Energy has announced funding of 3.3 billion euros until 2030 for the decarbonisation of medium-sized companies. In particular, investments in innovative technologies as well as research and development are to be promoted.
The first call for funding is to be issued this month, with small and medium-sized companies in particular then having three months to submit their projects.
Funding opportunities are to start from a project size of TEUR 500.0 for small and medium-sized companies and from TEUR 1,000.0 for large companies. If the project volume exceeds EUR 15,000,000, the respective federal state is to provide 30% co-financing.
September has begun and 30 September 2024 is the last day for submitting emission allowances in the EU Emissions Trading System EU ETS and in the German national emissions trading nEHS.
The last date on which German national certificates valid for 2023 can be purchased at the fixed price of EUR 30.00 per national emission allowance (nEZ23) on the EEX is Thursday, 19 September 2024. Even if you need us to procure certificates for you and your 10% buy-quota has been exhausted, we recommend that you also do so around this time due to the transfer deadlines in the registry, in order to avoid risking any penalties.
This week also marks the first time that the slightly increased auction volume for EU emission rights will come into effect on the EEX. Due to the regular absence of the Polish auction on Wednesday, a total of 11,749,000 EUAs will be auctioned this week, which is 12.6% less than in the previous week.
Next week, including the Polish Wednesday auction of 2,833,500 EUAs, the total will be 14,582,500 emission rights. That is 24.1% more than this week and 8.4% more than in the last week of August.
In the past trading week, prices slowly moved downwards in the rough area around the 38-day line and fell by 1.2% on a weekly closing price basis. The 38-day line is currently at 70.64 and the closing price on Friday was back above the 70-euro mark, after falling below it during the course of the day with a low of 69.96.
If the 70-euro mark does not prove to be a stable support, the price could also trend towards the 200-day moving average, which is currently trading at 66.74. If the 70-euro mark holds and the market can break through the 38-day line again, then prices in the direction of the 75-euro mark are also possible.
Depending on how many companies still need to cover themselves shortly before the deadline, the trend in the coming weeks should go in one direction or another.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 23/08/24 | 30/08/24 | Change |
| EUA (December-2024-Future) | 71.13 EUR | 70.30 EUR | -0.83 EUR |
| VER (Natural Carbon Offsets) | 0.45 USD | 0.38 USD | -0.07 USD |
| VER (CORSIA eligible Carbon Offsets) | 0.21 USD | 0.23 USD | +0.02 USD |
| nEZ (German National Carbon Units) | 45.00 EUR | 45.00 EUR | +0.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 79.16 USD | 77.77 USD | -1.39 USD |
| EURO (Currency.. Forex) | 1.1119 USD | 1.1048 USD | -0.0071 USD |
(The VER quotes are average rates (carboncredits.com). which can be used within the framework of CORSIA and voluntary carbon offsetting, 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 GmbH