Emissions Trading / Carbon Market News (02/09/2019)

Dear Sir or Madam,

Electromobility is a topic that is significantly worse off in Germany than in other countries with much larger domestic markets. This factor, which is particularly important in Germany, will be disruptive, which is completely out of the question. In the coming years, it will be decided whether cars will continue to be “Made in Germany” or, in the future, mobile telephones will come from the Far East in the future. The electric car is similar to the touchscreen smartphone from Apple, which was completely overslept by the former industry leader Nokia.

In Germany’s major cities, the number of charging stations is growing rapidly, as well as the number of purely electrically powered vehicles. Munich is leading the way on 01.01.2019 with 3,122 electric cars, followed by Berlin with 2,713 and Hamburg with 2,233. Düsseldorf is far behind with 567 electric cars at the beginning of the year.

To include transport and agriculture as quickly as possible in the CO2 emissions trading, could continue to support here.

Carbon emission allowances have stabilized in the past week and have risen slightly despite Boris Johnson’s attempt to undermine democracy in the UK. Since today, the summer break is over at the auctions at the Leipzig EEX and it is again the normal auction calendar. A total of 8,323,500 EUA will be auctioned this week on three trading days, with no auctions on Wednesday and Thursday. In the coming week, there will be 15,782,500 EUA and on Tuesday an additional 892,000 permit rights for air traffic (EUAA).

  (Average Quotes Exchange / OTC)      
Instrument 23/08/2019 30/08/2019 Change
EUA (Spotmarket) 25.15 EUR 26.31 EUR +1.16 EUR
EUA (December-2019-Future) 25.10 EUR 26.32 EUR +1.22 EUR
CER (Spotmarket) 0.20 EUR 0.21 EUR +0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 58.20 USD 58.95 USD +0.75 USD
EURO (Currency, Forex) 1.1153 USD 1.0989 USD -0.0164 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