Carbon Market News (25/11/2019)

Dear Sir or Madam,

Starting with the cut-off date of January 1, 2018, only about 800 billion tons of CO2 are expected to be emitted globally, in order to limit global warming to well below 2 degrees by 2100, according to the IPCC. In view of the current global emissions of about 40 billion tons per year, the world will therefore still have about twenty years left before humankind needs to be climate-neutral.

In a study for the Campact organization, the New Climate Institute came to the conclusion that Germany needed to be climate-neutral by 2030 so as not to miss the 1.5-degree target and to remain within the national budget.

Simply put, everyone would still have a good 100 tonnes of CO2 that they can emit in the years to come. A global CO2 emissions trading scheme in which all people can participate would, above all, achieve one thing – justice. After all, the people who are most affected by climate change are those who have the least responsibility for it.

Prices for European CO2 emissions recovered slightly last week in a positive market environment. This week, due to the Polish and German auction, 15.8 million new certificates will be auctioned at the Leipzig EEX. The demand for the auctions could be a good indicator of how prices will develop over the coming days.

  (Average Quotes Exchange / OTC)      
Instrument 15/11/2019 22/11/2019 Change
EUA (Spotmarket) 23.85 EUR 24.57 EUR +0.72 EUR
EUA (December-2019-Future) 23.85 EUR 24.58 EUR +0.73 EUR
CER (Spotmarket) 0.16 EUR 0.18 EUR +0.02 EUR
ICE Brent Crude Oil (Benchmark Future) 63.35 USD 63.64 USD +0.29 USD
EURO (Currency, Forex) 1.11051 USD 1.1020 USD -0.0031 USD

(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