Emissions Trading / Carbon Market News (22/02/2021)

Dear Sir or Madam,

On the first day of taking over the Oval Office, not only did decency and class return to the White House, but President Joe Biden also once again made the US part of the important Paris Agreement of 2015.

Last Friday, this re-entry into the Federation of States, which have committed to implement climate protection in their own country, in order to limit global warming to a maximum of 1.5 ° C, took place.

António Guterres, Secretary General of the United Nations, described the President’s step as a “key moment” on the way to more sustainable climate protection.

The USA is the second largest emitter of greenhouse gases in the world after China, although about one billion fewer people live in the USA than in the Asian People’s Republic.

John Kerry, the US government’s climate protection commissioner, and António Guterres attended an event on Friday to mark the re-entry of the US into the treaty and highlighted the importance of united action in the fight against global warming.

At EEX, the bids for the total of 15.1 million EUAs that went under the hammer in Leipzig normalized last week. The same volume will also be offered for auction in the new trading week.

Please note that from April 30th, 2021, EEX will no longer trade in CER certificates, as these can only be used in the EU ETS for compliance in the third trading period.

Afterwards, CERs can only be used within the framework of the CORSIA flight sector trading system, insofar as they are permitted or within the framework of the voluntary compensation of greenhouse gas emissions. For this reason, it is advisable for plant operators to check whether they have already completely exhausted their free quotas for exchanging CERs for EUAs, or whether they can still use the significant price differences to their advantage.

If you still have CERs that you cannot use, you should sell them, as they will be deleted from the EU ETS register accounts in the summer. CERs can then only be held on Kyoto registry accounts.

Please do not hesitate to contact us if you have any questions.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)39.92 EUR37.37 EUR-2.55 EUR
EUA (December-2021-Future)40.02 EUR47,40 EUR-2.62 EUR
CER (Spot-Market)0.40 EUR0.39 EUR-0.01 EUR
ICE Brent Crude Oil (Benchmark Future)62.59 USD62.67 USD+0.08 USD
EURO (Currency, Forex)1.2118 USD1.2117 USD-0.0001 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.

With kind regards,

Advantag Services GmbH