Dear Madam or Sir,
Last Friday, the 69th Federal Press Ball took place in Berlin. However, many prominent politicians, above all German President Frank-Walter Steinmeier and the members of the cabinet, had cancelled because of the war. It was not only for this reason that the speech by Ukrainian Ambassador Andrij Melnyk, known for his clear words, attracted much attention. Among other things, the ambassador warned the numerous representatives of the press not to slacken their attention as the war continues. It is not uncommon for topics to disappear from the focus of journalists and thus from the public eye over time.
Unfortunately, this also applies to other crises and conflicts, not least the climate crisis, which poses an existential threat to all countries in the world. For example, one of the worst weather disasters in South Africa, with well over 400 deaths and probably 40,000 people displaced by the floods, received only brief attention. Another example is currently taking place in South Asia. In India, millions of inhabitants are currently suffering from an early heat wave with temperatures sometimes exceeding 45 degrees Celsius. Northwest and central India are experiencing the hottest April since weather records began 122 years ago, the head of the weather service said. At more than two dozen places, the agency reported maximum temperatures of more than 45 degrees on Friday, with Banda in the northern state of Pradesh the hottest place in the country at 47.4 degrees. And the heat wave could intensify in the coming days, with temperatures crossing the 50-degree Celsius mark in the north, as May is usually the hottest month of the year.
It would be a fatal mistake to pay attention to such disasters only when they happen right on our doorstep or when we ourselves are affected by them. Because in fact we are all affected by them. The next environmental disaster can happen at any time and anywhere. We should therefore not ignore it, but make it the basis of our actions and decisions.
The market for European pollution rights fell quite significantly in the past trading week. On Wednesday, it even briefly broke through the 80-euro mark. The price then stabilised slightly above this level before moving up again on Friday in thin trading, narrowly missing the target of 86 euros.
|(Average Quotes Exchange / OTC)|
|EUA (Spot-Market)||89.59 EUR||84.87 EUR||-4.72 EUR|
|EUA (December-2022-Future)||88.99 EUR||84.45 EUR||-4.54 EUR|
|VCU (Voluntary Carbon Units ø)||10.91 USD||10.63 USD||-0.28 USD|
|VER (Gold Standard Spotmarkt ø)||5.91 USD||5.63 USD||-0.28 USD|
|nEZ (German National Carbon Units)||30.00 EUR||30.00 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||105.91 USD||106.55 USD||+0.64 USD|
|EURO (Currency, Forex)||1.0799 USD||1.0545 USD||-0.0254 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. The VER quotes are average rates (carboncredits.com), which can be used within the framework of CORSIA and voluntary carbon offsetting. 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