Emissions Trading / Carbon Market News (2017-05-29)

Dear Ladies and Gentlemen,

In 1975 has taken place the first meeting of the Group of Six with the leaders of the six leading industrial nations, including the German chancellor Helmut Schmidt and the US-President Gerald Ford in Rambouillet, France. Since the end of 1975 it was G7 and between 1998 and 2014 we saw the Group of Eight including Russia.

If Donald Trump will be still US-President next year, it could be once again the Group of Six, because since the recent meeting in Sicilia it´s a fact, that this US-President is a challenge for the head of states of France, Italy, Japan, Canada, United Kingdom and Germany.

Even the German chancellor, Angela Merkel, has declared her disappointment, most recently regarding Donald Trumps announcement, to make the decision about the Paris climate deal this week, as he wrote on twitter.

Two key scene was very characteristic for G7 meeting – the Italian speech, as Trump waived an interpreter and the handshake with Emmanuel Macron, where Trump pressed his hand that strong like a pubescent teenager with the idea of getting respect and showing dominance.

The EU-Emissions Trading Systems was unimpressed, because the risk Trump is already priced in. Rather the market has jumped above the 5-Euro-level in the face of the lower weekly auction level, caused by some German holidays.



(Average Quotes Exchange / OTC)      
Instrument 2017-05-26 2017-05-19 Change
EUA (Spotmarket) 5.19 EUR 4.85 EUR +0.34 EUR
EUA (December-2017-Future) 5.19 EUR 4.85 EUR +0.34 EUR
CER (Spotmarket) 0.22 EUR 0.24 EUR -0.02 EUR
ICE Brent Crude Oil (Benchmark Future) 52.47 USD 53.68 USD -1.21 USD
EURO (Currency, Forex) 1.1182 USD 1.1208 USD -0.0026 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 have 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. These 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 or +44.20.79790283.



With kind regards,


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