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Dear Sir or Madam,
This afternoon, the German Chancellor Angela Merkel will speak in front of the UN World Climate Change Conference in New York, attended by other heads of state. US President Trump, who is not known to prioritize knowledge, prefers to attend a religious event that is about faith.
The Chancellor also has the German “Climate Protection Plan 2030”, which should include the area and traffic. For this, a national CO2 certificate trade should be the controlling instrument. The prices are to start in 2021 with 10 euros per ton and by 2025 to 35 euros. From 2026, a maximum price of 60 euros per tonne should initially apply.
Calculated on the German consumer this will burden the driver by three cents in 2021. At a consumption of six liters that is 18 cents per 100 kilometers. This difference can be seen at many gas stations already in one day by natural fluctuations. Where there should be a steering effect remains the secret of the grand coalition. Also, why you want to increase the commuter flat rate by 5 cents per kilometer from the 20th kilometer to 35 cents, because here has the frequent traveler at 100 kilometers of commuting an advantage of four euros, which he can deduct more of his tax burden. At a tax rate of 30%, the discharge is thus 1.20 euros and a burden of emissions trading of 0.18 euros. The one who emits so much CO2, gets as a reward for more than a euro of the grand coalition for 100 kilometers. Although the train journey will now be about 10% cheaper, most commuters hardly convinced. And the cities and feeder roads will continue to be clogged with an upward trend.
For this reason, not only the opposition parties are disappointed, but also all those who have taken a courageous step towards climate neutrality. However, Robert Habeck of the German Greens wants to take the initiative in the Bundesrat and bring about corrections.
Although the fright of the attacks in the Middle East on the oil refineries has not yet been digested, the price of crude oil has returned to normal and has fallen back to the end of the week after rising by a fifth. What remained was a little more than four dollars or just over 7%. In the wake of this, the emission rights also increased to over 27 euros at the beginning of the week last week, but concluded at the end of the trading week only with a moderate increase of a plentiful half percentage point. This week, 15,782,500 EUAs from the EU, Germany and Poland are looking for their customers at the Leipzig EEX.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||26.33 EUR||26.52 EUR||+0.19 EUR|
|EUA (December-2019-Future)||26.38 EUR||26.53 EUR||+0.15 EUR|
|CER (Spotmarket)||0.21 EUR||0.21 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||60.26 USD||64.66 USD||+4.40 USD|
|EURO (Currency, Forex)||1.1073 USD||1.1017 USD||-0.0056 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