Emissions Trading / Carbon Market News (27/04/2020)

Dear Sirs and Madames,

Today the Petersberg climate dialogue begins, in which international measures to combat global warming are negotiated. As a novelty, this conference is taking place virtually for the first time, which is not least more conducive to the climate than if ministers from 30 nations travel by plane.

However, due to the global corona pandemic, the focus this year has shifted to sustainable crisis management, and the world should emerge from the crisis in a more crisis-proof and climate-friendly manner. Crisis as an opportunity, so to speak.

The President this year is the British Minister for the Economy and Energy, Alok Sharma. He sees the opportunity for a green and crisis-proof restart to meet the commitments of the Paris climate protection agreement. Here, a “green recovery” is desirable, which can be achieved, among other things, by target-oriented economic stimulus programs.

German Chancellor Angela Merkel will also give a speech on Tuesday, which is eagerly awaited due to her global political influence.

It would be a tragedy if the world did not use this phase of the global crisis to seize the unique opportunity to make itself more environmentally friendly and sustainable. In coping with the corona pandemic, almost all state leaders ultimately show that they can govern responsibly.

In the past trading week, the prices for CO2 emission certificates were stable despite the oil crisis and decoupled from the events on the energy markets. While oil warehouses around the world are full and demand will not increase significantly in the foreseeable future, the prices for European permit rights EUA remain in the range of around 21 euros in the last week before the deadline for 2019 significantly influenced, will be visible at the beginning of the next trading week at the latest.

  (Average Quotes Exchange / OTC)   
EUA (Spotmarket)21.66 EUR21.01 EUR-0.65 EUR
EUA (December-2020-Future)21.70 EUR21.05 EUR-0.65 EUR
CER (Spotmarket)0.31 EUR0.31 EUR+0.02 EUR
ICE Brent Crude Oil (Benchmark Future)28.25 USD21.86 USD-6.39 USD
EURO (Currency, Forex)1.0871 USD1.0819 USD-0.0052 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