Dear Sir or Madam,
The German Chancellor Angela Merkel has again invited top representatives from politics and the automobile industry to this evening’s car summit. All participants are aware that there is still a wide gap between idea and reality when it comes to the environmentally relevant topic of electro mobility. In the run-up to the meeting, the Chancellor has set the target of one million charging stations in Germany by 2030 in her video pod cast. It has obviously become a crucial question whether the charging infrastructure should first be expanded or whether the production and sale of electric cars should first be boosted. Here again the question of range plays a decisive role. Drivers have been conditioned for decades to fossil fuel being available around the clock, seven days a week. Hardly anyone goes on a journey with a full can of gasoline in their car, no matter how long the planned journey may be. But electric mobility lacks exactly this simplicity. It is hardly surprising that flexibility plays a decisive role in the decision to buy. The Chancellor’s announcement therefore seems to be pointing in the right direction. In addition to this topic, other aspects will also be discussed, such as other drive technologies and autonomous driving.
The CO2 market has received a significant boost in the last trading week. The “never ending story” of the British EU withdrawal once again played a significant role in this. Instead of the planned Brexit there are now new elections, but this can hardly eliminate the real sticking points. The price for the European Pollution Rights (EUA) rose steadily during the week and even surpassed the 26 Euro mark for a short time. However, this trend was abruptly reversed on Friday, when massive selling was seen in the afternoon and the price leveled off at EUR 25.30.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||24.95 EUR||25.28 EUR||+0.33 EUR|
|EUA (December-2019-Future)||24.97 EUR||25.29 EUR||+0.32 EUR|
|CER (Spotmarket)||0.20 EUR||0.20 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||61.69 USD||61.52 USD||-0.17 USD|
|EURO (Currency, Forex)||1.1080 USD||1.1165 USD||+0.0085 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.)
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With kind regards,
Advantag Services GmbH