Emissions Trading / Carbon Market News (2019-04-29)

Dear Sir or Madam,

Meanwhile, the grand coalition in Germany seems to find a consensus on a CO2 tax. The Federal Ministry of Economics also anticipates future pricing of CO2 emissions. In particular, fossil fuels are in the focus of the governing parties, which would increase the prices of heating oil, gas and fuels. However, the funds raised by this should be redistributed socially acceptable. Vice-President of the European Commission and PES candidate Frans Timmermanns also advocate Europe-wide pricing of CO2 in order to stimulate traffic and buildings. Whether other sectors should be included, is still unclear.

In the shortened trading week after the Easter holidays, prices for European CO2 emission allowances fell slightly, closing below the € 26 / ton mark last Friday. That now the majority of the taxable companies should now have covered with certificates, will also have played a role here. In the past week, 12.6 million EUA were launched in the EEX auctions, with 10,694,000 EUAs in this week, also reduced by the May day.

(Average Quotes Exchange / OTC)      
Instrument 2019-04-18 2019-04-26 Change
EUA (Spotmarket) 26.81 EUR 25.77 EUR -1.04 EUR
EUA (December-2019-Future) 26.89 EUR 25.85 EUR -1.04 EUR
CER (Spotmarket) 0.25 EUR 0.22 EUR -0.03 EUR
ICE Brent Crude Oil (Benchmark Future) 71.98 USD 71.59 USD -0.39 USD
EURO (Currency, Forex) 1.1259 USD 1.1145 USD -0.0114 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 or +44.20.79790283.

With kind regards,

Advantag Services GmbH