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Emissions Trading / Carbon Market News (09/02/2025)

Dear Ladies and Gentlemen

The past trading week started with a significant slump in EU emission allowances. After opening at EUR 84.01, the price of EUAs for the December 2025 benchmark contract fell to EUR 80.10 in the course of the day on Monday. On Tuesday and Wednesday, prices briefly dipped below EUR 80 on an intraday basis, but always managed to stabilise above the 80 mark by the end of the trading day.

From a purely technical perspective, EUAs are still in overbought territory, with the sharply rising 38-day line currently at 76.69 euros and the 200-day line, which has also been rising since mid-2024, currently at 70.77 euros.

It will be interesting to see whether the nervousness of some market participants will determine the price, or the EUAs can continue to hold their ground above the EUR 80 mark on a daily closing basis. 

With the exception of Wednesday, there are four auctions on the European Energy Exchange in the new trading week, with a total volume of 11,343,500 allowances, which is a decrease of 15.5% compared to the previous week.

A new auction calendar for Germany’s national emissions trading scheme is not yet available, although the Bundestag passed the TEHG reform bill in mid-January. It is not yet known when the Bundesrat will give its approval.



  (Average Quotes Exchange / OTC)		       
Instrument31/01/2507/02/25Change
EUA (December-25-Future)83.93 EUR82.28 EUR-1.65 EUR
nEZ (national Emission Allowances (D))55.00 EUR55.00 EUR+0.00 EUR
UKA (December-25-Future (UK))45.81 GBP46.97 GBP+1.16 GBP
UK Natural Gas (December-25-Future)121.95 GBP129.34 GBP+7.39 GBP
ICE Brent Crude Oil (December-25-Future)71.48 USD71.51 USD+0.03 USD
EURO (Forex)1.0360 USD1.0328 USD-0.0032 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

Posted on

Emissions Trading / Carbon Market News (03/02/2025)

Dear Sir or Madam,

Last Thursday, the German Bundestag passed the amendment to the Greenhouse Gas Emissions Trading Act, or TEHG for short. Now the reform only has to pass the Bundesrat, which is considered highly likely.

For the first time, shipping will now be gradually included in emissions trading. While in 2024 it was only 40% of emissions, this year it is already 70% and next year 100% of greenhouse gas emissions.

In addition, there are changes in the aviation sector, where the total emissions will be reduced more significantly by 2030, and other effects, such as condensation trails, will be included in the pricing due to their impact on the climate.

Emissions from waste incinerators, on the other hand, are to be regulated by the Fuel Emissions Trading Act (BEHG) until 2027.

And with regard to the EU border adjustment mechanism, this year it remains only with the reporting requirement, only from next year onwards payments will be due in the CBAM (Carbon Borderline Adjustment Mechanism) for iron, steel, aluminium, cement, hydrogen and fertilisers, which will be based on prices in the EU ETS.

Due to the fact that UK Prime Minister Keir Starmer had brought up the possibility of linking the British emissions trading system with the European EU ETS, prices for British emission rights rose by a whopping 30.4% last week, and EU emission rights also recorded a further increase of 2.8% under this sign.

After an interim high of 84.50 on Thursday, the benchmark contract December 2024 fell back moderately to close the week just below the 84-euro mark.

In this trading week, a total of 13,416,000 EUAs will be auctioned on the EEX in Leipzig on all five trading days, an increase of 2,072,500 EUAs or 18.3%.



  (Average Quotes Exchange / OTC)		       
Instrument24/01/2531/01/25Change
EUA (December-25-Future)8.67 EUR83.93 EUR+2.26 EUR
nEZ (national Emission Allowances (D))55.00 EUR55.00 EUR+0.00 EUR
UKA (December-25-Future (UK))35.12 GBP45.81 GBP+10.69 GBP
UK Natural Gas (December-25-Future)116.76 GBP121.95 GBP+5.19 GBP
ICE Brent Crude Oil (December-25-Future)73.31 USD71.48 USD-1.83 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

Posted on

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

Posted on

Compensation of carbon footprint 2024

Advantag GmbH calculated its carbon footprint for the year 2024, which included all emissions (Scope 1 to Scope 3). Advantag has also offset all of its employees’ emissions.

The Jiangdsu Dongtai Phase II wind power project was selected for this purpose.

China consumed primary energy of just under 171 exajoules in 2023. In a global comparison, China was therefore the largest consumer of energy worldwide. Around 60% of this is still generated from fossil fuels, but 18% comes from hydropower and around 20% from renewable energies, such as these wind turbines. A good 10% of the energy generated in China now comes from wind turbines such as the project in Jiangsu, which is located in the eastern Chinese province of Jiangsu. The output was maximised by selecting the most suitable turbines based on an optimal turbine distribution in the wind farm and taking into account the specific turbine characteristics. The project consists of 100 wind turbines with a net capacity of 2,000 kW each, supplying 406.0201 MWh of electricity per year to the eastern Chinese power grid. The project results in annual savings of around 338,010 tonnes of CO2e due to the climate-neutral generation of electricity.

The project will lead to annual savings of around 338,010 tonnes of CO2e due to the climate-neutral generation of electricity. The project also helps the local government to promote economic development and improve air quality, as a large proportion of the energy required there previously came from coal combustion.

The project has the Verified Carbon Standard (VCS) and has an extremely positive impact on the environment (offsetting fossil fuel consumption) and society (providing jobs, infrastructure development).

The revenue from the sale of these Verified Carbon Units (VCUs) from this project has provided the necessary financial incentive to realise the investment in this emission reduction project. Without the income from the certificates, this climate protection project would not have been developed and could not be continued, which would further accelerate global warming. By offsetting by cancelling the quantity of certificates you wish to purchase, you are helping to finance this project and thus relieving the burden on the climate at a global level. Each VCU certificate, which certifies the avoidance of the emission of one tonne of CO2, saves the emission of greenhouse gases, as these are not released into the atmosphere in the first place.

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Emissions Trading / Carbon Market News (20/01/2025)

Dear Sir or Madam,

Today, Donald Trump begins his second term in the White House in Washington D.C. as President of the United States of America, and he has already announced his intention to end various climate and environmental protection laws. It remains to be seen what will actually be implemented. It will certainly be entertaining when you remember his first term in office and now he also has billionaire Elon Musk in tow and you instinctively wonder who is the boss here. Since both of them openly live out their narcissism, there are already bets on how long they will remain ‘best friends’.

Last Wednesday, the German Bundestag held a session in which the Energy Committee discussed the adaptation of the German Greenhouse Gas Emissions Trading Act (TEHG) to European guidelines (EU ETS II). The experts welcomed the adaptation, but called for more conformity with the EU.

Till Jenssen from the German Association of Cities emphasised the necessity of a sufficiently high CO2 price and targeted climate funding to relieve the burden on consumers. Michael Pahle from the Potsdam Institute for Climate Impact Research called the amendment a ‘historic step’ and highlighted Germany’s pioneering role.

The company representatives called for more planning security. Martin Kaspar from the Thüga-Aktiengesellschaft and Carsten Rolle from the Federation of German Industries emphasised the urgency of a rapid implementation of the amendment. Maximilian Rinck from the BDEW also advocated a rapid implementation of the changes.

Another point was the planned inclusion of waste incinerators in the emissions trading. Nadine Schartz from the Landkreistag (German County Association) and Holger Thärichen from the German Association of Local Utilities rejected this and called for a uniform decision throughout Europe.

Prices in the EU ETS I were noticeably bullish again last week, closing the week up 5.9% and just missing the 80-euro mark. During the course of Friday, this level was briefly exceeded with a high of 80.50, but by the end of trading, the price of the December EUA futures contract was unable to hold above the 80 mark.

This week, a total of 13,416,000 EUAs will be offered at the European Energy Exchange EEX in the auctions, which will take place on all five trading days.



  (Average Quotes Exchange / OTC)		       
Instrument10/01/2517/01/25Change
EUA (December-25-Future)74.85 EUR79.26 EUR+4.41 EUR
nEZ (national Emission Allowances (D))55.00 EUR55.00 EUR+0.00 EUR
UKA (December-25-Future (UK))34.88 GBP31.54 GBP-3.34 GBP
UK Natural Gas (December-25-Future)112.56 GBP117.96 GBP+5.60 GBP
ICE Brent Crude Oil (December-25-Future)74.27 USD73.80 USD-0.47 USD
EURO (Forex)1.0242 USD1.0272 USD+0.0030 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