Dear Sir or Madam,
The fault of the telephone system has been corrected in the meantime and we are again under our usual phone number +49 (0) 2831.1348220 reachable.
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Advantag Group
Current Disruption of our Telephone System
Dear Sir or Madam,
due to a disruption of our provider Unitymedia we are currently not reachable by our ordinary phone.
Please call us until the fault is resolved under the number +49 (0) 2831.3959372 or send us an email to info@advantag.de, we will call you back immediately.
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Advantag Group
Emissions Trading / Carbon Market News (2018-10-01)
Dear Sir or Madam,
The Mercator Research Institute on Global Commands and Climate Change, or MCC for short, has programmed a clock on its homepage that shows the global carbon budget that mankind is still allowed to emit in order to reduce global warming to 1.5°C or 2°C to limit. This report contains the latest findings of the last progress report of the IPCC.
In order to meet the 1.5°C target set by the 2015 Paris Climate Change Conference, humankind should no longer emit CO2 or its equivalent of other greenhouse gases in the ordinary case by the end of the month. The goal of reducing global warming to 2°C gives us 17 years to emit a maximum of 690 gigatons of CO2 into the atmosphere.
As of today, the IPCC sits back to debate a meta-study of work by 24,000 experts in South Korea. A result is to be published on 8. October. It is not expected that the result will give cause for optimism.
In the past week, the European carbon emission rights in a trading range between 19.60 and 23.00 euros moved. After the certificates had dipped below the 20-euro mark on Wednesday, they closed at the end of the trading week with a small minus vis-à-vis the previous week visibly above the 21-euro line.
The upswing on the last two trading days was accompanied by a significant increase in crude oil prices, which rose by nearly 4% on a weekly basis. The main reason for this was the decision by the extended OPEC group last Sunday not to raise the production volumes for the time being.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 2018-09-14 | 2018-09-21 | Change |
| EUA (Spotmarket) | 19.94 EUR | 22.08 EUR | +2.14 EUR |
| EUA (December-2018-Future) | 19.97 EUR | 22.13 EUR | +2.16 EUR |
| CER (Spotmarket) | 0.29 EUR | 0.29 EUR | +0.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 78.08 USD | 78.78 USD | +0.70 USD |
| EURO (Currency, Forex) | 1.1627 USD | 1.1748 USD | +0.0121 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 or +44.20.79790283.
With kind regards,
Advantag Services GmbH
Emissions Trading / Carbon Market News (2018-09-24)
Dear Sir or Madam,
Moors are considered to be important carbon sinks that contain 550 gigatons of CO2 worldwide, which is equivalent to 75% of the greenhouse gas in the atmosphere. Globally, drainage of bogs causes an annual CO2 emission of approximately 1,630 million tons, which is twice the amount of global air traffic.
In Germany, there are about 1.5 million ha of bog, of which now almost 1,000 ha were shot in the German Emsland by an exercise of the Bundeswehr on fire. Due to the fact that the smoldering fire has not been controlled for more than two weeks, the county had to declare a disaster. So far, according to estimates by the NABU Nature Conservation Union, 500,000 tons of CO2 have already been released and more are being produced each day.
Some German politicians and business leaders may often feel superior to the people of Africa and South America when they cut down and burned their forests. With a view to the Emsland and the Hambacher Forst woodland, it is advisable to reconsider this point of view in a self-critical way and to begin to act as a role model, which also applies to the observance of self-imposed goals of climate protection.
After carbon prices went down more than 14% in the week after the weekly crash, prices rose just over 11% last week and closed just above the € 22 mark after the auction of 4.36 million EUA from German stocks had failed. This was already the second failed auction last week due to the turbulent market.
Even in this trading week, volatile prices can not be ruled out. A further, moderate recovery would definitely be better suited to reducing the nervousness of the market than a further double-digit percentage increase.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 2018-09-14 | 2018-09-21 | Change |
| EUA (Spotmarket) | 19.94 EUR | 22.08 EUR | +2.14 EUR |
| EUA (December-2018-Future) | 19.97 EUR | 22.13 EUR | +2.16 EUR |
| CER (Spotmarket) | 0.29 EUR | 0.29 EUR | +0.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 78.08 USD | 78.78 USD | +0.70 USD |
| EURO (Currency, Forex) | 1.1627 USD | 1.1748 USD | +0.0121 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 or +44.20.79790283.
With kind regards,
Advantag Services GmbH
Emissions Trading / Carbon Market News (2018-09-17)
Dear Sir or Madam,
Chaos days – it’s hard to find another summary term for the events of the past week.
Chaos days, for example, for the uncounted inhabitants of the Philippines and China, who had to be evacuated because of the typhoon “Mangkhut”, suffered heavy damage to their belongings and many of whom have already died. In the Philippines alone, 65 dead people have been reported so far, but many residents are still missing.
Chaos days, too, because at the time of the typhoon’s landfall, on the other side of the earth the storm “Florence” had also claimed its first lives and is incessantly flooding the southeastern US with unimaginable masses of water.
Chaos days but unfortunately also brought about by people, such as in the North Rhine-Westphalian Hambacher forest. The current eviction of the forest area, which has been occupied for some 6 years, proves to be a reflection of the political situation in Germany. Driven by the AFD, which is known to deny the man-made climate change, the policy is divided into the proponents of the fastest possible exit from the dirtiest energy source on the one hand and those who want to use lignite as long as possible. Here especially the energy giant RWE, who likes to advertise with the pun “voRWEggehen” (moving in front, to lead the way), but probably meant something else. Even though RWE may officially want to keep an eye on supply security, electricity costs and jobs in addition to climate protection in the energy transition, the current fight in the Hambacher Forest means everything else but “lead the way”. While, on the one hand, the share of renewable energies in Germany continues to rise and, on the other hand, coal burning is becoming more and more unattractive as a result of the significantly increased CO2 price, one has to consider the fight for the Hambacher Forest more as the behavior of a regime, which on the last day before the end of the war is still hastily carrying out legal executions of opponents of the regime. Anyway, it could be good that this shot goes backwards.
Chaos days, however, also on the carbon market. From the circle of intermediaries, someone on Friday called the situation as “insane”. From a technical point of view, the market has experienced the worst decline since 2006, with a fabulous 30 percent drop within one week. The background only can be explained with panic sales. On Wednesday, the market already saw a slightly weaker auction of Polish certificates on the EEX, followed by a really significantly worse result one day later. Speculative traders reacted in panic. On Monday of the same week, the price for pollution rights had risen to a high of 25.79 EUR and now probably none of the speculators wanted to miss the possible turnaround. This in turn automatically triggered this spectacular price drop through previously set stop-loss orders, which only came to a standstill at 17.90 EUR. In this dramatic phase, whose end was not foreseeable in the course of Friday, the spot market even partially discontinued trading. Intelligently, however, some traders stabilized with purchases the market again. Since then, the price has been moving in a range around the 20-euro mark.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 2018-09-07 | 2018-09-14 | Change |
| EUA (Spotmarket) | 23.20 EUR | 19.94 EUR | -3.26 EUR |
| EUA (December-2018-Future) | 23.22 EUR | 19.97 EUR | -3.25 EUR |
| CER (Spotmarket) | 0.29 EUR | 0.29 EUR | +0.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 77.02 USD | 78.08 USD | +1.06 USD |
| EURO (Currency, Forex) | 1.1553 USD | 1.1627 USD | +0.0074 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 or +44.20.79790283.
With kind regards,
Advantag Services GmbH