Emissions Trading / Carbon Market News (15/06/2020)

Dear Madam or Sir,

As the German Federal Ministry for the Environment published last week, last year the new record of $ 282.2 billion was invested globally in the expansion of renewable energies, which corresponds to an energy production of 184 gigawatts. Of these, 118 gigawatts come from solar energy alone. More than half of the investments went to emerging and developing countries.

The global share of renewable energies in electricity generation rose by 1% compared to the previous year to 13.4% in 2019.

In the period from 2010 to 2019, Germany now ranks fourth after China, the USA and Japan. However, last year the investment volume decreased by approx. 30% compared to 2018. Renewable energies currently represent almost 80% of the newly built power generation plants in Germany. Here there was a visible slump in wind turbines, but this is offset by an increased share of solar energy.

By 2030, 87 countries have committed to invest approximately $ 1 trillion in renewable energy with a total capacity of 826 gigawatts.

The prices for European CO2 emission allowances (EEA) declined in the past week after the increase in previous weeks, as did the global financial markets.

In the new trading week, a total of almost 17 million EUA are on the calendar for auctioning at the Leipzig energy exchange EEX on all five working days.

  (Average Quotes Exchange / OTC)   
EUA (Spotmarket)23.13 EUR21.93 EUR-1.20 EUR
EUA (December-2020-Future)23.24 EUR22.00 EUR-1.24 EUR
CER (Spotmarket)0.32 EUR0.31 EUR-0.01 EUR
ICE Brent Crude Oil (Benchmark Future)41.90 USD38.95 USD-2.95 USD
EURO (Currency, Forex)1.1288 USD1.1253 USD-0.0035 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