Dear Madam or Sir,

As the German Federal Ministry for the Environment published last week, last year the new record of $ 282.2 billion was invested globally in the expansion of renewable energies, which corresponds to an energy production of 184 gigawatts. Of these, 118 gigawatts come from solar energy alone. More than half of the investments went to emerging and developing countries.

The global share of renewable energies in electricity generation rose by 1% compared to the previous year to 13.4% in 2019.

In the period from 2010 to 2019, Germany now ranks fourth after China, the USA and Japan. However, last year the investment volume decreased by approx. 30% compared to 2018. Renewable energies currently represent almost 80% of the newly built power generation plants in Germany. Here there was a visible slump in wind turbines, but this is offset by an increased share of solar energy.

By 2030, 87 countries have committed to invest approximately $ 1 trillion in renewable energy with a total capacity of 826 gigawatts.

The prices for European CO2 emission allowances (EEA) declined in the past week after the increase in previous weeks, as did the global financial markets.

In the new trading week, a total of almost 17 million EUA are on the calendar for auctioning at the Leipzig energy exchange EEX on all five working days.

(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

Dear Madam or Sir,

With the beginning of the easing of the global corona measures, crude oil has recovered significantly in the past weeks and by the end of the past trading week rose again above the $ 40 mark for the Brent variety. The price of fossil fuel has almost tripled since the lows in April, which is also due to the fact that the number of active oil rigs has decreased by around 65% since March.

It would be premature to see the end of the oil age due to the corona crisis, but the trend towards energy from renewable sources is strengthening. And the decision of the German government to increase the purchase premium for electric cars again by EUR 3,000.00 and not to pay a premium for vehicles with old-fashioned internal combustion engines shows that a rethink has also started in politics.

At the same time, European measures to combat the corona economic crisis have strengthened the euro, which gained almost two cents against the US dollar last week.

The price of European CO2 emissions rights also rose significantly and broke the 23 Euro mark.

In the new trading week, a total of 11.6 million EUA will be offered for auction at the Leipzig EEX in four auctions, followed by 17 million EUA in the coming week.

(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

Dear Madam or Sir,

The German federal cabinet passed two important regulations last Wednesday to implement the Conciliation Committee’s decisions on the 2030 climate protection program. In December 2019, the federal government and the federal states agreed, among other things, to increase the CO2 pricing of fuels from the coming year, but in return to reduce the burden on electricity consumers and commuters. National emissions trading will therefore start at a fixed CO2 price of 25 euros per tonne in 2021, although this price level was only originally planned for 2023. In addition, the Federal Cabinet has passed a regulation that can be used to use income from national emissions trading to relieve the EEG surcharge.

According to the Federal Environment Agency, a gross price of EUR 25.00 per ton corresponds to 7 cents per liter of gasoline, 8 cents per liter of diesel, 8 cents per liter of heating oil and 0.5 cents per kilowatt hour of natural gas. By 2025, the prices of national CO2 certificates will now rise to 55 euros in the form of a fixed price. And from 2026 the price of the certificates will then be determined through auctions and the secondary market; a range of 55 euros to 65 euros per ton of CO2 is to apply in 2026.

The national German emissions trading system is being introduced in addition to EU emissions trading for large industrial plants and power plants, and records all fuel emissions that are not already subject to a CO2 price in EU emissions trading – regardless of the sector in which the fuels are used. Around 350 companies in particular will be affected by the trade, which put fossil fuels and heating agents on the German market.

The prices of allowances in EU emissions trading rose again visibly last week and, after the important 20-euro mark, also left the 21-euro mark behind. The ongoing recovery on the stock markets and the energy markets as well as the holiday auction-related reduced auction volumes supported price formation. Also this week, due to the Spring Brake Holiday, only 8.5 million EUA will be auctioned on Tuesday, Thursday and Friday, and Whit Monday will also be canceled in the coming week, which is why only 13.9 million EUA will be auctioned.

(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

Dear Madam or Sir,

although the extent of the global recession is still completely unknown, the energy market seems to be slowly recovering. For example, the International Energy Agency IEA sees a more relaxed situation for crude oil compared to the previous month. And the price recovery of the past few weeks seems to prove her right. For the current year, the IEA now calculates a drop in demand of just 8.6 million barrels a day; compared to the previous calculation, this is 0.7 million barrels a day more.

Analysts are now increasingly assuming that there could be a consolidation, particularly on the oil market, in which the well-positioned industry giants could emerge stronger and the number of competitors will decrease. In addition, production of shale oil and gas will continue to decline in the coming years due to the low market prices.

One of the global oil giants, Shell, published last week the result of an analysis of the price of the European CO2 emissions market in connection with the stated goal of being greenhouse gas neutral in Europe in 2050. Shell assumes that a price per EUA of EUR 200 is necessary to achieve the corresponding guiding effect through emissions trading.

The EUA was also stable last week, but still below the important mark of EUR 20.00 per tonne.

This week, due to the holiday, a total of 11.5 million EUAs will only be auctioned at two European and one Polish auction on the Leipzig electricity exchange EEX, Monday through Wednesday. There is no auction on the Friday bridge day or on Ascension Day. In the coming week, three auctions will only be announced due to the British Spring Bank Holiday, in which only a total of 8.5 million EUA will be offered.

(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