Emissions Trading / Carbon Market News (2017-10-16)

Dear Ladies and Gentlemen,

Calculations of the Environmental Ministry showed, that Germany will not reach the target of reduction of greenhouse-gases by 40% against 1990; they computed only a possible reduction of 32%. One of the main reasons are the ongoing use of coal power, which have still 43% by the German power mix despite the extension of renewable energy in Germany. That might have a coherence with the decrease of atom power.

Last Thursday, the trilogue of European Parliament, European Council and European Commission regarding the reform of the European Emissions Trading System happened. The long meeting, which 14 hours lasts, did not result in a final agreement. Especially the major point of energy production by coal power was a killing point, because Poland has not moved from his point of view by its coal based energy policy. The negotiations shall continue at unspecified point in time.

In forefront of the meeting, prices of European Carbon Emission Allowances rose up to nearby 7.60 Euro per ton and closed despite the disappointing result on weekly basis with a surplus of nearly 5%.


(Average Quotes Exchange / OTC)
Instrument 2017-10-13 2017-10-06 Change
EUA (Spotmarket) 7.32 EUR 6.99 EUR +0.33 EUR
EUA (December-2017-Future) 7.32 EUR 7.00 EUR +0.32 EUR
CER (Spotmarket) 0.19 EUR 0.19 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 57.12 USD 55.58 USD +1.54 USD
EURO (Currency, Forex) 1.1822 USD 1.1733 USD +0.0089 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.)

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With kind regards,

Advantag Services GmbH