Dear Sir or Madam,
Today and tomorrow, the 10th Petersberg Climate Dialogue will take place in Berlin, to which the German Federal Environment Minister Svenja Schulze has invited ministers from all over the world to discuss the implementation of the Paris Climate Change Agreement. The German Federal President Steinmeier will welcome the ministers at Schloss Bellevue, and German Chancellor Angela Merkel will also speak to representatives from 35 countries tomorrow.
At the previous World Climate Change Conference in Poland in 2018, the international community agreed on a common set of rules for the Paris Climate Agreement. Now it is about the topics of financing, implementation and improvement of national climate goals.
That a swift implementation is necessary is also shown by the report of the World Biodiversity Council, which was presented on Monday a week ago, which certifies that nature is in a miserable state. Up to one million species are threatened with extinction because valuable ecosystems are already damaged. Climate change, which is just as causally produced by humans, accelerates this problem and thus goes hand in hand with environmental pollution.
As a consequence of the report, the lifestyle and consumer behaviour of people in the industrialized nations in particular must change fundamentally, which also requires an immediate change to a sustainable economy. Too much time is not left here, because humanity otherwise threatens the deprivation of livelihoods in not too distant future.
The price of CO2 emissions rose again slightly last week. The expectations of many market participants that a major correction would take place after the strong increases in the previous weeks do not appear to be fulfilled yet. However, after a week high on Thursday of EUR 27.20, the EUA gave in on Friday again slightly and closed well below the 26-euro mark.
| (Average Quotes Exchange / OTC) | ||||
| Instrument | 2019-05-03 | 2019-05-10 | Change | |
| EUA (Spotmarket) | 25.12 EUR | 25.54 EUR | +0.42 EUR | |
| EUA (December-2019-Future) | 25.20 EUR | 25.62 EUR | +0.42 EUR | |
| CER (Spotmarket) | 0.22 EUR | 0.22 EUR | +0.00 EUR | |
| ICE Brent Crude Oil (Benchmark Future) | 71.06 USD | 70.60 USD | -0.46 USD | |
| EURO (Currency, Forex) | 1.1201 USD | 1.1233 USD | +0.0032 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.
With kind regards,
Advantag Services GmbH