Emissions Trading / Carbon Market News (14/03/2022)

Dear Madam or Sir,

The war in Ukraine was the dominant topic on the international financial and commodity markets last week.

Due to the high oil price in connection with the weakening euro, this also has a direct impact on consumers worldwide. However, the markets seem to have digested the first shock and have clearly moved away from the highs of the past few days.

A typical counter-movement could also be seen in the case of CO2 certificates, which have visibly recovered from the lows of EUR 55 in the previous week.

In the past week, prices rose again towards the 80 euro mark and were able to exceed this shortly after the start of trading today.

Also in the new trading week, the war in Ukraine will remain the market movement on the financial, energy and commodity markets.

If the situation in Ukraine eases, the approaching end of the submission deadline for emission allowances on April 30, 2022 will again come into the focus of market participants and could cause prices to rise to the level before the Russian invasion of Ukraine.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)65.48 EUR76.38 EUR+10.30 EUR
EUA (December-2022-Future)65.10 EUR76.39 EUR+11.29 EUR
VCU (Voluntary Carbon Units ø)5.45 USD7.32 USD+1.87 USD
VER (Gold Standard Spotmarkt ø)9.84 USD9.32 USD-0.52 USD
nEZ (German National Carbon Units)30.00 EUR30.00 EUR+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)118.03 USD112.40 USD-5.63 USD
EURO (Currency, Forex)1.0931 USD1.0912 USD-0.0019 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. VCUs and VERs are average prices (CBL markets). 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