Emissions Trading / Carbon Market News (06/09/2021)

Dear Sir or Madam,

Beatriz Yordi, Director of the European Commission for European and International CO2 Markets, commented at a video conference on the latest reform of the EU emissions trading system in relation to last week’s price increase, saying that the market is working and that a corresponding decarbonisation Send a signal to the economy. In addition, Yordi said that you have to stay calm at the current prices above 60 euros. Market intervention to lower prices is therefore currently unlikely, even if it would certainly find supporters in some EU countries.

The prices for CO2 emission rights jumped above the 60 euro mark for the first time in the last trading week and defended them until the end of the trading week. And this morning, too, the market opened with a clearly positive signal, having already exceeded the mark of 63 euros per EUA in early trading.

The prices were supported by increased gas prices, which gave corresponding signals out of concerns about the supply from Russia and the new Nord Stream 2 pipeline.

The fact that the normal volume of 11,418,000 EUA has been up for auction this week has not yet slowed the market down, but demand for the auctions should remain interesting.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)58.94 EUR61.23 EUR+2.29 EUR
EUA (December-2021-Future)59.00 EUR61.32 EUR+2.32 EUR
CER (Voluntary Spot-Market ø)3.26 USD3.26 USD+0.00 USD
VER (Gold Standard Spotmarkt ø)14.03 USD14.03 USD+0.00 USD
ICE Brent Crude Oil (Benchmark Future)72.59 USD72.56 USD-0.03 USD
EURO (Currency, Forex)1.1795 USD1.1877 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. CERs and VERs are average prices in the voluntary carbon offsetting market (eco securities). 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