Emissions Trading / Carbon Market News (22/06/2020)

Dear Madam or Sir,

While the temperatures in Central Europe are becoming more and more summery this week, Siberia suffers from significantly too high temperatures. Already the last winter was the warmest winter in history since the beginning of the weather record of 130 years and now temperatures of well over 30 ° C are measured there, 12 ° C would be common in the area around Verkhoyansk.

This shows in particular how strong the global climate is already in a process of change. The thawing of the permafrost soils, which is associated with the high temperatures, is particularly problematic here, as a result of which enormous amounts of CO2 and methane gas escape into the atmosphere, which also increases climate change.

A little less CO2 is currently being released into the earth’s atmosphere due to the currently lower demand for crude oil. Despite lower production and increasing inventories, the price of the Brent variety rose three US dollars last week and is now well above the USD 40 mark again.

The prices for CO2 emission allowances in Europe also rose further in the past trading week and reached the pre-corona crash level with more than 24 euros.

In the new trading week, 11.6 million EUA will be auctioned at Leipzig’s EEX in just four days, significantly less than in the coming week, where 17.8 million certificates are on offer, including 810,500 pollution rights for the aviation industry.

  (Average Quotes Exchange / OTC)   
EUA (Spotmarket)21.93 EUR24.09 EUR+2.16 EUR
EUA (December-2020-Future)22.00 EUR24.16 EUR+2.16 EUR
CER (Spotmarket)0.31 EUR0.31 EUR+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)38.95 USD41.95 USD+3.00 USD
EURO (Currency, Forex)1.1253 USD1.1174 USD-0.0079 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