Dear Sir or Madam,
Supplying industry and consumers with affordable energy is already an important topic in the German election campaign, with the parties sometimes far apart in their views on the type of energy generation. After the coal phase-out in the UK a few weeks ago, the option of nuclear energy is also appearing in some election programmes.
Globally, nuclear energy is growing again after many years of decline. According to forecasts by the International Atomic Energy Agency (IAEA), the number of nuclear reactors worldwide is expected to more than double from 413 at the end of last year to 950 by 2050, and capacity is expected to increase from 372 gigawatts to 950 gigawatts.
There are currently 59 new nuclear reactors under construction, 24 of which will generate energy in China alone. And many other countries, including the US, the UK and Japan, want to triple their nuclear energy production by 2050. German neighbouring countries the Netherlands and Belgium have postponed their phase-out, and Poland is considering entering the nuclear energy market.
In the future, so-called new ‘small modular reactors’, or SMRs for short, are also to be used. These are small nuclear power plants that, among other things, can be transported and interconnected as needed.
Technology companies such as Microsoft, Oracle, Google and Amazon are backing nuclear energy in order to obtain both low-cost electricity and to be able to meet their climate protection targets.
It is therefore difficult to imagine that Germany, as an industrialised country, can avoid this topic, because the industrial electricity price in particular is a frequent cause for the relocation of production.
Whatever the future government in Berlin looks like, there will certainly be debates about re-entering the nuclear energy market, weighing up the opportunities for faster greenhouse gas reduction and the risks of the final storage problem of the fuel rods.
However, it is rather unlikely that the increased use of nuclear energy will have a major impact on prices in carbon emissions trading, since the market stability reserve would take effect in the event of a significant oversupply of emission allowances.
In the Christmas week, the prices of emission rights continued to show a bullish trend and visibly exceeded the 70-euro mark with a weekly gain of almost 5%.
The closing price on Friday was close to a resistance line, and it remains to be seen whether this will hold or whether the price will continue to perform bullishly around the turn of the year.
We wish you a happy new year 2025!
| (Average Quotes Exchange / OTC) | |||
| Instrument | 20/12/24 | 27/12/24 | Change |
| EUA (December-2025-Future) | 68.20 EUR | 71.56 EUR | +3.36 EUR |
| VER (Natural Carbon Offsets) | 0.56 USD | 0.44 USD | -0.12 USD |
| VER (CORSIA eligible Carbon Offsets) | 0.45 USD | 0.40 USD | -0.05 USD |
| nEZ (German National Carbon Units) | 45.00 EUR | 45.00 EUR | +0.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 73.11 USD | 73.80 USD | +0.69 USD |
| EURO (Currency.. Forex) | 1.0429 USD | 1.0421 USD | -0.0008 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,
Your Advantag – Team
