Dear Sir or Madam,
The German Emissions Trading Authority (DEHSt) of the German Environment Agency was founded 20 years ago and, under the direction of Dr Juergen Landgrebe, has been responsible for the EU Emissions Trading System (EU ETS) and, for the last four years, for Germany’s national emissions trading scheme (nEHS) with its current staff of 279.
DEHSt staff now support 1,725 German industrial and energy installations subject to emissions trading in the EU ETS, 71 aircraft operators and, since 2024, 834 shipping companies in the areas of application, monitoring of reporting and delivery obligations, and registry account management. In addition, there are around 2,000 companies in the nEHS area.
They are also responsible for the auctions on the European Energy Exchange EEX for national emissions trading and the EU ETS, as well as the new Carbon Border Adjustment Mechanism CBAM.
EU emissions trading prices fell significantly by 5.4% on a weekly closing price basis in the past week of trading in a sharply bearish energy market environment, marking a six-week low.
After the EUA failed to break through the 38-day line on a daily closing price basis last Monday, they plummeted on Tuesday and have been moving towards the 200-day line ever since, breaking through it on Thursday. On Friday, the EUA closed four cents above the 200-day line, which is currently trading at 66.46.
If the market environment continues to calm down, EUAs in the current trading week should move between the 200-day line and the 38-day line, which is currently at 70.63. Should the bearish trend continue, a further slump to 60 euros would be within the realm of possibility.
In this 37th calendar week, a total of 14,582,500 EUAs will be auctioned on all five trading days on the EEX.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 30/08/24 | 06/09/24 | Change |
| EUA (December-2024-Future) | 70.30 EUR | 66.50 EUR | -3.80 EUR |
| VER (Natural Carbon Offsets) | 0.38 USD | 0.31 USD | -0.07 USD |
| VER (CORSIA eligible Carbon Offsets) | 0.23 USD | 0.20 USD | -0.03 USD |
| nEZ (German National Carbon Units) | 45.00 EUR | 45.00 EUR | +0.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 77.77 USD | 72.27 USD | -5.50 USD |
| EURO (Currency.. Forex) | 1.1048 USD | 1.1085 USD | +0.0037 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