Category: General

Dear Sir or Madam,

Central Europe currently forms a heat core, which places usual weather conditions in the unfortunately rarely existing shade. For this purpose, the forest fires in Sweden serve as a definite signal. The fires rage even north of the Arctic Circle, where at 34.5 degrees an “eternal” heat record was struck.

With no prospect of a refreshing rain shower, temperatures of up to 36 degrees Celsius are expected for days throughout this week. The forecasts even in the Alps and on the coasts see the 30 degree mark being exceeded. Even the nights are expected to be “tropical”, meaning that it will not cool below 20 degrees; and since it is nearly windless at the same time in many places, it actually becomes necessary to speak again about dangerously high ozone levels in the air.

Not less superlatives we faced in the past trading week on the market for emission rights. Despite a massive bid in the five auctions and regardless of falling oil prices, the price of EUAs climbed to a high of EUR 17.24 in the December contract. From now on, chart analysts will probably have to look back more often back to the start of emissions trading in 2008 in order to find comparable values ??for possible price developments.

(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 or +44.20.79790283.

With kind regards,

Advantag Services GmbH

Dear subscribers of our CO2 market report,

In 10 days, the new European General Data Protection Regulation comes into force in Germany, which further strengthens the protection of personal data.

Since we also want to comply with these regulations, it is necessary – if you want to continue to receive our free CO2 market report in the future – to re-register with the so-called double-opt-in procedure using the following links:

http://advantag.de/en/newsletter

This ensures that you will also receive the CO2 market report Monday via e-mail from the coming week.

We would be pleased to continue to inform you with our newsletter.

Best regards,

Advantag Services GmbH

Dear Ladies and Gentlemen,

The Certified Emission Reductions (CER) marked a new all-time-low at 16 Cent. It seems to be a bad time for project developers in Clean Development Mechanism (CDM) to look for earnings from CERs, which would be higher than the costs of generating these units. If this mechanism could be attractive in the future for investors is written in the stars. Maybe the upcoming climate change conference could set a new impulse.

Despite raising crude oil prices last week, the European Emission Allowances EUA lost 50 Cent against the week before. After the strong price increase of the last months, the time for consolidation was ready. The next days will show, if EUA will stay above the psychological important level of seven Euro per unit. The colder weather in Europe could support the energy complex in that matter.

(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 have 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. These 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 or +44.20.79790283.

With kind regards,

Advantag Services GmbH

Dear Ladies and Gentlemen,

The third quarter 2017 European Emission Allowances EUA closed with an increase of more than 40% against the previous quarter. Also from point of view of the first nine months, the pollution rights rose around 8%.

A important reason therefor could be the upcoming negotiations of the European Member states, which will review their position on the EU-ETS reform plans on Friday this week. Than they will discuss the proposal of cancellation of emission rights from the market stability reserve starting in 2023.

The previous proposal did not mention a cancellation, what could lead to the fact, that they could return into the market, if there was a surplus of less than 433 million units. The European Parliament also supports the cancellation of 800 million units after January 1^st, 2021.

On October 12, the Trilogue negotiations with European Parliament and European Commission will be continued. The results might have – according to the tendency – influence of the short- and midterm price development.

(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 have 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. These 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 or +44.20.79790283.

With kind regards,

Advantag Services GmbH