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Dear Madam or Sir,
While the Corona crisis significantly increases the likelihood that Germany will still achieve its self-imposed CO2 reduction target of 40% compared to 1990, the Federal Government remains on the ball and convenes an independent expert council on climate issues. This consists of the members Prof. Dr. Marc Oliver Bettzuege, Cologne; Prof. Dr. Thomas Heimer, Wiesbaden; Prof. Dr. Hans-Martin Henning, Freiburg; Dr. Brigitte Knopf, Berlin; Dr. Barbara Schlomann, Karlsruhe.
This expert council examines the estimate of the greenhouse gas emissions of the previous year submitted by the Federal Environment Agency as well as the assumptions on which the information on the greenhouse gas reduction effect of immediate measures and climate protection programs is based. He should continue to provide his expertise in the event that the German government changes the permissible annual emissions in the Federal Climate Protection Act or decides on further climate protection measures. In addition, the German government or the Bundestag can commission the Expert Council to prepare special reports.
In the past week, the market for European CO2 emission rights continued to decline and also consumed the 25 euro mark down, only to maintain itself well above this mark by the weekend. The new trading week also starts more pleasantly, not least because the energy markets offer some support here.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||26.36 EUR||25.45 EUR||-0.91 EUR|
|EUA (December-2020-Future)||26.42 EUR||25.48 EUR||-0.94 EUR|
|CER (Spotmarket)||0.30 EUR||0.29 EUR||-0.01 EUR|
|ICE Brent Crude Oil (Benchmark Future)||44.64 USD||44.95 USD||+0.31 USD|
|EURO (Currency, Forex)||1.1785 USD||1.1840 USD||+0.0055 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