Emissions Trading / Carbon Market News (04/07/2022)

Dear Madam or Sir,

Since humans settled down around 12,000 years ago, the number of trees worldwide has declined by 46%. There are currently around 400 trees per person, but this number is falling due to ongoing deforestation and increasing world population.

Since forests and trees are extremely important for the reduction of greenhouse gases, city planners in particular should plan more green in the cities. However, more trees in the cities not only plays an important role because of the reduction in greenhouse gases, but also to reduce the temperatures in German cities. Because in cities like Vienna, London or Berlin, the temperature in the inner cities has risen by an average of 3°C since 1960.

But also climate protection projects, which are financed by carbon credits from voluntary emissions trading and, for example, enable afforestation in Asia, Africa or South America, can make a significant contribution here.

The prices for carbon emission allowances in the obligatory European emissions trading system have been above the 90 euro mark several times in the past week, but towards the end of the trading week profit-taking caused a significant drop in prices.

This week, auctions with a total volume of 11,488,500 EUAs will be held on the Leipzig EEX on all five trading days.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)83.29 EUR85.37 EUR+2.08 EUR
EUA (December-2022-Future)83.43 EUR85.58 EUR+2.15 EUR
VCU (Voluntary Carbon Units ø)8.78 USD8.85 USD+0.07 USD
VER (Gold Standard Spotmarkt ø)3.96 USD4.11 USD+0.15 USD
nEZ (German National Carbon Units)30.00 EUR30.00 EUR+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)113.05 USD111.55 USD-1.50 USD
EURO (Currency, Forex)1.0506 USD1.0424 USD-0.0082 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. The VER quotes are average rates (carboncredits.com), which can be used within the framework of CORSIA and voluntary carbon offsetting. 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