Dear Sir or Madam,
Scientists from the World Weather Attribution network have analyzed data from several European countries since the beginning of the previous century, including the three warmest consecutive days of each year. In the process, they have come to the conclusion that climate change has doubled the chance of heat waves currently prevailing in much of Europe. The global trend towards extreme weather events continues to increase. In the opinion of the scientists a rapid exit from fossil energy production is indispensable.
The German Federal Government is currently examining whether it should limit the currently unrestricted priority of renewable energies over fossil energy generation in grid feed-in. This should reduce the cost of maintaining grid stability. In the past year, these amounted to more than one billion euros, as electricity with a negative electricity price had to be sold to neighboring countries. Grid expansion is lagging significantly behind the production of renewable energies, as the major power lines to the south will be completed in a few years’ time.
On Tuesday of last trading week, the price of European CO2 emission rights marked a new seven-year high at € 17.59 per tonne. In the following days, prices fell again slightly and closed with a small plus compared to the previous week.
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(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