Dear Sir or Madam,
The German “Kreditanstalt fur Wiederaufbau”, or “KfW” for short, was founded after the Second World War as part of the Marshall Plan to support Germany that was destroyed by the war. Since then, KfW has directed investments and promoted the implementation of the government’s plans.
In the future, according to the ideas of liberal party FDP boss Christian Lindner, KfW should be funded investments in climate protection with programs amounting to at least 50 million euros annually. The aim is to promote the transformation towards decarbonization and renewal in various sectors, including the real estate industry. Why the speed limit of 130 is not implemented, even though it saves more than two million tons of CO2 annually without any remarkable effort, remains incomprehensible.
The EU market for CO2 emission rights saw a sharp correction last week, as the EUAs broke through an important support line close to 57 euros. The December future was briefly quoted just above the € 54 mark and only managed to show prices above the € 60 mark again on Friday. On a weekly closing price basis, there was still a minus of 1.17 euros.
In the coming week, 11.4 million EUA will again be auctioned on behalf of the EU, Poland and Germany at the Leipzig EEX.
|(Average Quotes Exchange / OTC)
|CER (Voluntary Spot-Market ø)
|VER (Gold Standard Spotmarkt ø)
|ICE Brent Crude Oil (Benchmark Future)
|EURO (Currency, Forex)
(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. CERs and VERs are average prices in the voluntary carbon offsetting market (eco securities). 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