Emissions Trading / Carbon Market News (27/01/2025)

Dear Sir or Madam,

Greenhouse gas emissions in Germany fell by 10.3% or 77 million tonnes in 2024 compared to the previous year, marking the sharpest decline since 1990.

In addition to the expansion of renewable energies, this was due to the drop in demand for energy, which can be attributed to the crisis-ridden German economy.

Emissions from energy generation fell by 54.1 million tonnes (21.1%), and the building sector also emitted 7.6 million tonnes (6.9%) less. Even the transport sector emitted 1.7% or 2.5 million tonnes less.

The above two sectors are priced by national emissions trading under the German BEHG, and the increased use of renewable energies in buildings, as well as electric mobility, has put the brakes on the previously steady increase.

But solar energy has also eclipsed coal-fired power generation across Europe for the first time.

Last week, the rally in EU emission rights continued, with EUAs rising by a further 3.0%. They closed at 81.67 for the benchmark contract on Friday, well above the 80-euro mark.

This week, a total of 11,343,500 EUAs will be auctioned at the EEX in Leipzig. Due to the regular absence of the Polish auction on Wednesday, there will only be four days of auctions.



  (Average Quotes Exchange / OTC)
       
Instrument17/01/2524/01725Change
EUA (December-25-Future)79.26 EUR81.67 EUR+2.41 EUR
nEZ (national Emission Allowances (D))55.00 EUR55.00 EUR+0.00 EUR
UKA (December-25-Future (UK))31.54 GBP35.12 GBP+3.58 GBP
UK Natural Gas (December-25-Future)117.96 GBP116.76 GBP-1.20 GBP
ICE Brent Crude Oil (December-25-Future)73.80 USD73.31 USD-0.49 USD
EURO (Forex)1.0272 USD1.0494 USD+0.0222 USD

(EUA. UKA, Natural Gas, 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 emission allowances 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,

Your Advantag – Team