Emissions Trading / Carbon Market News (11/01/2021)

Dear Sir or Madam,

By January 7th, 2021, the software of the Union Registry was subjected to a major update and is now available again for users. Anyone who has logged in since then will see information on the home page that transactions for the EU 100 accounts with system operators can only be carried out with trust accounts based on the dual control principle, and with trading accounts and earlier personal accounts only dual control-Principle to both trust and non-trust accounts. Most account holders have done this in the past.

Another novelty with the accounts is that you can already use EUA on this subpage. EUAA, CHU and CHUA can select. It should be of particular interest, however, that it is now divided into which trading period the EUA or EUAA are as soon as one selects an account. As already mentioned a few weeks ago, the emission rights of the fourth trading period, which will be auctioned from January 29, 2021, cannot be used for the compliance for 2020. When purchasing emission rights for the last year, you should pay attention to this information.

In the past week, not only did the DAX reach a new all-time high of over 14,000 points, the CO2 emission rights also set a new high at 35.20 euros in the December future. There were, of course, reasons for this – optimistic financial markets and below-average temperatures in Europe as well as a generally stronger energy complex further reinforced the bullish tendency. The EUA start the new week a little easier.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)32.54 EUR34.80 EUR+2.26 EUR
EUA (December-2021-Future)32.72 EUR34.92 EUR+2.20 EUR
CER (Spot-Market)0.37 EUR0.37 EUR+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)51.42 USD56.18 USD+4.76 USD
EURO (Currency, Forex)1.2197 USD1.2212 USD+0.0015 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