Emissions Trading / Carbon Market News (19/04/2021)

Dear Sir or Madam,

Due to Brexit, Great Britain has also left the European emissions trading system EU ETS and has developed its own emissions trading system based on the model of the EU ETS.

In order to achieve a more efficient reduction in pan-European greenhouse gas emissions, more than 40 industrial associations from Great Britain and the EU have now asked British Prime Minister Boris Johnson and the President of the European Commission, Ursula von der Leyen, to link the EU emissions trading system with the British emissions trading system.

In addition, in addition to fair competitive conditions, better market liquidity in both trading systems is to be ensured.

The European emissions trading system has been linked to the Swiss emissions trading system since last year.

In the last week of trading, the prices for EU emission allowances set a new all-time high of 44.90 in the benchmark futures contract December 2021, and in the spot market the prices for buyers were in some cases already above the 45 Euro mark.

This week, on all five working days, a total of 15.091.500 EUAs from the contingents of the EU, Poland and Germany will be auctioned at the Leipzig EEX.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)43.56 EUR44.42 EUR+0.86 EUR
EUA (December-2021-Future)43,64 EUR44.33 EUR+0.69 EUR
CER (Spot-Market)0.60 EUR0.62 EUR+0.02 EUR
ICE Brent Crude Oil (Benchmark Future)63.02 USD66.69 USD+3.67 USD
EURO (Currency, Forex)1.1900 USD1.1980 USD+0.0080 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