Dear Sir or Madam,
A team of British, Irish and German scientists have published the results of their research in the journal “Nature Geosciences”, which shows that the Gulf Stream has not been as weak for more than 1,000 years as it has been in previous decades.
This news is quite worrying, as further slowdown in ocean circulation could have noticeable consequences for the climate. The Gulf Stream transports warm surface water from the equator to the north and in return sends cold, low-salt deep water back to the south. Among other things, the electricity ensures comparatively mild winters in Europe and conditions in the south that are less hostile to life.
Since the middle of the 20th century I have now demonstrably slowed it down by around 15 percent, which is related to human-made global warming. If we let global warming progress, the Gulf Stream will weaken further and decrease by up to 45% by the end of the century, as Stefan Rahmstorf from the Potsdam Institute for Climate Impact Research, PIK for short, discussed.
The CO2 emissions trading is a tried and tested means of reducing industrial emissions through market-based means, which has so far been working according to plan in the EU. Great Britain has therefore also put its own emissions trading system into operation, which will start in mid-May with a minimum price of 22 British pounds per UKA. This year, a total of 83 million British emission allowances are to be auctioned and 58 million granted free of charge to plant operators.
Prices in European emissions trading have moved sideways in the past week, even if crude oil has moved towards US $ 70 for the Brent variety. The milder temperatures and profit-taking ensured that Thursday’s attempt to hit the € 40 mark again failed.
The new trading week starts with a plus of currently a little more than 2% and could bring a new attempt towards 40 euros.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 19/02/2021 | 26/02/2021 | Change |
| EUA (Spot-Market) | 37.37 EUR | 37.22 EUR | -0.15 EUR |
| EUA (December-2021-Future) | 37.40 EUR | 37,28 EUR | -0.12 EUR |
| CER (Spot-Market) | 0.39 EUR | 0.39 EUR | -0.02 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 62.67 USD | 64.34 USD | +1.67 USD |
| EURO (Currency, Forex) | 1.2117 USD | 1.2071 USD | -0.0046 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.)
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With kind regards,
Advantag Services GmbH