Dear Ladies and Gentlemen,
Close to the end of the world climate conference in Bonn, Great Britain and Canada initiated a voluntary covenant of 18 nations to start waiving coal power, including our neighbouring country France. Germany, which has led the renewable power movement sooner, justifies their dependency from coal power, what makes it impossible to reach the self-made climate protection targets.
Apart from that, there was no other big things, albeit the basics of proving the goal achievements of the national reduction targets became discussed. They will be undersigned next year in Poland.
In Germany, last night failed the coalition negotiations, because the liberal party FDP became aware of irreconcilable differences on too many points after four weeks of discussions. Since social party SPD still don’t want to take further responsibility to govern, there are only two possibilities left, namely new elections or a minority government, which contains the risk of standstill for important political intensions. Anyhow, the failure of the negotiations will impair the position of chancellor Angela Merkel. The upcoming weeks will become worthwhile, even when instant needed political renewals will be paused.
The quotes of European carbon emission allowances became slightly better against the week before and closed at 7.48 Euro.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||7.48 EUR||7.40 EUR||+0.08 EUR|
|EUA (December-2017-Future)||7.48 EUR||7.40 EUR||+0.08 EUR|
|CER (Spotmarket)||0.17 EUR||0.17 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||62.69 USD||63.61 USD||-0.92 USD|
|EURO (Currency, Forex)||1.1794 USD||1.1664 USD||+0.0130 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