Category: General

Dear business partners,

2024 is coming to an end and with it a year that will surely be remembered as a very challenging one for all companies and their employees.

This year, Germany has continued to perform below its potential, and the global geopolitical environment, with wars in Ukraine and the Middle East, remains a cause for concern.

Nevertheless, we can look ahead to 2025 with optimism, as new elections are scheduled for February, offering the chance to end the political stalemate in Germany and enable forward-looking reforms.

Furthermore, there are increasing signs that negotiations could take place in the Ukraine war and that a little more peace and normality will also return to the Middle East.

Interest rates in the US and Europe have been lowered and politicians from all parties have recognized the urgent need for action to relieve and support the economy and thus all companies.

Now is the time to thank you from the bottom of our hearts for the good and trusting cooperation this year!

The entire Advantag GmbH team wishes you, your friends, family members, employees and colleagues a Merry Christmas and a good start to a hopefully healthy and successful New Year in 2025!

As in previous years, we are foregoing unnecessary material gifts and instead are once again jointly supporting a global climate protection project. Furthermore, in 2024 we are continuing to support the great work of action medeor e. V. from our Lower Rhine neighbourhood in Toenisvorst in their tireless help for people in need.

This year, we have decided on an Indian climate protection project, which we support financially by retiring CO2 certificates. The project avoids the emission of 86,000 tons of CO2 per year in the state of Andhra Pradesh by using waste from vegetable oil production for energy generation instead of disposing of it.

We look forward to continuing to work for you in 2025.

Your Team from Advantag GmbH

Dear Sir or Madam,

For decades, greenhouse gas emissions in the European Union have not fallen as sharply as they did in 2023 – excluding the 2020 coronavirus year, when they fell by 9.8% – with a decline of 8.3%, as published by the EU Commission last week. EU-wide, greenhouse gas emissions were thus 37% below 1990 levels, and the target for 2030 is 50%.

Unfortunately, this is not only due to carbon emissions trading, technical innovation and the use of renewable energies, but also to the decline in production in the EU, above all in Germany, the largest economy in the EU.

Surprisingly, the economy grew in Germany by 0.2% in the third quarter of 2024, but a recession is expected in the fourth quarter.

Germany’s finance minister, Christian Lindner (FDP), has therefore now written a ‘concept for growth and intergenerational justice’ in which he proposes to cut all unnecessary subsidies and reduce bureaucracy, as well as climate plans in Germany that go beyond EU targets.

The FDP is of the opinion that emissions trading should be the sole instrument, which has demonstrably shown its effectiveness and reduced emissions in all sectors in which a price has been set through the ‘cap-and-trade’ mechanism.

Since this pragmatism is completely contrary to the ideas of the coalition partners, more than a few see an end to this government in the not too distant future.

Last week, EU emission allowances fell back into the red as expected, losing 4.6% on a weekly basis.

It is extremely difficult to predict how the market will develop this week, as political factors such as the outcome of the US elections or a further escalation of the dispute in the German government could have an influence on this, in addition to developments in the energy sector.

This week, 14,582,500 EUA will be auctioned on the EEX over all five trading days, an increase of 24% over the previous week.

The last auction for EUA on the Leipzig Energy Exchange EEX this year will take place on Monday, 16 December 2024, and the first auction in the coming year will take place on Tuesday, 7 January 2025.

In Germany’s national emissions trading scheme (nEHS), the final spurt is now on, with the last auction at which national emission certificates for 2024 (nEZ24) can be purchased this year taking place in just over a month, on Thursday, 5 December 2024.

In the following year, 2025, only 10% of the allowances available on the registry account on 31 December 2024 can be purchased in the nEHS at a price of 45 euros, so no levies should be made this year as part of compliance.

If you have any questions, please do not hesitate to contact us.

(Average Quotes Exchange / OTC)
Instrument	25/10/24	01/11/24	Change
EUA (December-2024-Future)	66.97 EUR	63.87 EUR	-3.10  EUR
VER (Natural Carbon Offsets)	0.51 USD	0.40 USD	-0.09 USD
VER (CORSIA eligible Carbon Offsets)	0.43 USD	0.44 USD	+0.01 USD
nEZ (German National Carbon Units)	45.00 EUR	45.00 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	76.05 USD	73.33 USD	-2.72 USD
EURO (Currency.. Forex)	1.0795 USD	1.0834 USD	+0.0039 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