Category: Corporate News

Posted on

Emissions Trading / Carbon Market News (09/09/2024)

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)       
Instrument30/08/2406/09/24Change
EUA (December-2024-Future)70.30 EUR66.50 EUR-3.80 EUR
VER (Natural Carbon Offsets)0.38 USD0.31 USD-0.07 USD
VER (CORSIA eligible Carbon Offsets)0.23 USD0.20 USD-0.03 USD
nEZ (German National Carbon Units)45.00 EUR45.00 EUR+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)77.77 USD72.27 USD-5.50 USD
EURO (Currency.. Forex)1.1048 USD1.1085 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

Posted on

Emissions Trading / Carbon Market News (03/05/2021)

Dear Sir or Madam,

April 29, 2021 has the potential to go down in history, because for the first time the German Federal Constitutional Court granted the complaints of the young climate protection activists and thus passed an unexpected judgment.

The core of the judgment is that legislative measures for climate protection after 2030 must be regulated in order not to unnecessarily hinder the freedom and life of young people and the following generations in the future. The highest German court has set a deadline for this at the end of next year.

By 2030, Germany is already obliged to reduce greenhouse gas reductions by 55% compared to 1990 and corresponding measures have already been introduced, such as national emissions trading since the beginning of this year, which now also prices emissions from the transport and building sectors.

But this decision will not only point the way for the period after 2030, it will also place a special focus on climate protection in the near future.

In addition, this judgment has fundamentally called into question, which will lead to a serious loss of freedom for today’s children and young people in the future.

Does today’s generation of financially better off adults have the right to drive on the autobahn in a completely oversized car with a combustion engine and a speed of 250 and accept particularly high CO2 emissions in the process? Does we now have the right to travel several times a year by plane and do today’s adults not have to put up with the question of why they allow such exorbitant meat consumption, even though factory farming is one of the largest emitters of greenhouse gases?

The judgment of the Federal Constitutional Court made this clear. In the future, this freedom can be forfeited to protect the climate and future generations, as the foundations of life for future generations must be handled carefully. These livelihoods are to be left to posterity in a state that does not expect children of today and future generations to maintain conditions worth living in on this planet just at the price of radical abstinence.

The young plaintiffs won by convincing the court that our current lifestyle with factory farming, the consumption of unsustainable products and the burning of fossil fuels acutely endangers a future worth living for these children and adolescents.

It would therefore be more than astonishing if the pricing of greenhouse gas emissions did not affect other sectors in the future.

The deadline for submitting carbon emission allowances for 2020 ended last Friday, which was also the last year of the third trading period of the European emissions trading system ETS, which began in 2013.

At 49.41 Euros, the price for one ton of CO2 emissions reached a new all-time high on Friday and closed with a weekly plus of 4% at 48.75 euros on the spot market.

But anyone who thought the rally would be over by the end of the submission period is mistaken this morning, as the market is working its way towards the 50 Euro mark. It remains to be seen whether this will lead to profit-taking and a consolidation of the course.

  (Average Quotes Exchange / OTC)   
Instrument16/04/202123/04/2021Change
EUA (Spot-Market)44.42 EUR46.90 EUR+2.48 EUR
EUA (December-2021-Future)44,33 EUR46.95 EUR+2.62 EUR
CER (Spot-Market)0.62 EUR0.63 EUR+0.01 EUR
ICE Brent Crude Oil (Benchmark Future)66.69 USD66.05 USD-0.64 USD
EURO (Currency, Forex)1.1980 USD1.2097 USD+0.0117 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. CERs CP2 are eligible in ETS until end of April 2021 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

Posted on

Fridays for Future

Dear Lady or Sir,

In Germany, the average temperature has already risen by 1.5 ° C compared to pre-industrial times, globally by 1.0 ° C.

An active fight against global warming, and thus against man-made greenhouse gas emissions, is therefore the greatest challenge in human history.

The management of Advantag has therefore decided to exempt all employees participating in the worldwide climate strike today.

We therefore ask for your understanding, if we are only partially accessible today.

With kind regards,

Advantag Services GmbH

Posted on

Telephone System Fault Solved

Dear Sir or Madam,

The fault of the telephone system has been corrected in the meantime and we are again under our usual phone number +49 (0) 2831.1348220 reachable.

Thank you for your understanding.

 

Best regards,

Advantag Group

Posted on

Emissions Trading / Carbon Market News (2017-11-27)

Dear Ladies and Gentlemen,

The urgently needed reform of the EU Emissions Trading System (EU-ETS) has cleared a further hurdle. The constant representatives of the EU member states /COREPER) ratified the reform plans of the EU-ETS as expected with towering majority. Solely Poland, Hungary and Croatia did not vote to adopt the reform plans.

Now it is anticipated, that the European Council and the European Parliament will vote also positive shortly, what could happen this week. Until middle of December, the plenary session should pave the way for the realization as well.

At the beginning of the last trading week, the failed coalition talks in Germany strained the emissions trading market firstly, but regained after upcoming news about the British backing of the EU-ETS reform.

While energy market prices are rising, the EU-Emission Allowances rose nearly 4% against the final quotation of the week before and ended last week at 7.77 Euro per EUA.

 

(Average Quotes Exchange / OTC)
Instrument 2017-11-24 2017-11-17 Change
EUA (Spotmarket) 7.77 EUR 7.40 EUR +0.29 EUR
EUA (December-2017-Future) 7.77 EUR 7.40 EUR +0.29 EUR
CER (Spotmarket) 0.17 EUR 0.17 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 63.42 USD 63.61 USD +0.73 USD
EURO (Currency, Forex) 1.1930 USD 1.1664 USD +0.0136 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 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