Dear Sir or Madam,
US President Donald Trump has started to shut down the climate protection program of the US space agency NASA, according to several unanimous media reports. Whether it is completely finished, is in the stars. NASA satellites have so far measured the concentration of greenhouse gases, especially carbon dioxide and methane, demonstrating the correlation between greenhouse gas rise and global warming. Ending these measurements will ultimately affect the monitoring of the global climate goals of the Paris Agreement on Climate Change. Here, perhaps, the European or Russian space travel is required to ensure more data.
There will probably be few who should have surprised this decision. But those who negate climate change either because of lack of cognitive ability, lack of education or out of pure purpose, for obvious reasons have no interest in irrefutable facts, such as NASA’s clear measurement results.
Unfortunately, we must once again mention Donald Trump, as the termination of the nuclear deal with Iran last week has led to another visible increase in oil prices. Again, Europe, Russia and also China are in demand to prevent worse.
Among other things, this increase in oil prices last week saw prices for European emission allowances reach a renewed seven-year high at € 14.79 per ton, despite ending the deadline two weeks ago. The weekly closing price was also 12.4% higher than in the previous week.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 2018-05-04 | 2018-04-11 | Change |
| EUA (Spotmarket) | 13.00 EUR | 14.57 EUR | +1.57 EUR |
| EUA (December-2018-Future) | 13.02 EUR | 14.63 EUR | +1.63 EUR |
| CER (Spotmarket) | 0.21 EUR | 0.20 EUR | -0.01 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 76.92 USD | 76.99 USD | +2.07 USD |
| EURO (Currency, Forex) | 1.1958 USD | 1.1942 USD | -0.0016 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