Emissions Trading / Carbon Market News (2017-07-24)

Dear Ladies and Gentlemen,

With the start into the past trading week, the carbon market has interrupted its soaring flight, which started in mid-May. The price with it tested the rising support line just above the five-euro mark. In the past two months, the price had increased by around 1.35 EUR, so that the current correction fits well into the landscape. If, however, the price won’t find stable ground this week, a breakthrough down could consume a lot of the gained terrain. However, in the case that the support holds, a further, clear price increase is even possible in the direction of EUR 6.00.

Consumers, politics and the judiciary kept their breaths when it became known that the German car-makers had appeared regularly and organized illegal agreements in all possible areas since the 1990s. This incomparable car cartel of course was to the detriment of the suppliers, competitors and buyers, but also at the expense of environmental and climate protection. A connection to the Diesel affair is likely. Instead of undertaking joint efforts to develop truly environmental-friendly technologies, the leadership of the German car industry out of sheer greed has completely gone into a legal vacuum. In fact, they are at the same moral level as a Donald Trump, who has denounced the Paris agreement in favor of the US coal industry. Even if you want to hypothetically assume that global warming is not caused by man, this behavior reminds one strongly of the impudent gapers in accidents. Instead of making any meaningful contribution to the rescue of the injured, they only satisfy their banal greed and hinder the rescuers. Even if the accident was not caused by them, it is at least in any case a failure to render assistance. And this is also true for the climate change, as it is pretty irrelevant, who or what it caused. It’s just about doing something.


(Average Quotes Exchange / OTC)      
Instrument 2017-07-21 2017-07-14 Change
EUA (Spotmarket) 5.08 EUR 5.41 EUR -0.33 EUR
EUA (December-2017-Future) 5.09 EUR 5.42 EUR -0.33 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 47.98 USD 48.99 USD -1.01 USD
EURO (Currency, Forex) 1.1661 USD 1.1469 USD +0.0192 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,


Advantag Services GmbH