Dear Sir or Madam,
Those who had hoped to cover themselves with cheaper emission allowances shortly before the end of the deadline were deceived in the past week. Last week’s trading range continued to increase, ranging from € 12.72 to € 13.66 per EUA, or tonne of CO2 or its equivalent in other greenhouse gases. At the end of the trading week, the certificates were again visibly firmer compared to the previous week thanks to stronger auction results, closing at just over four per cent, at just over 13.50 euros.
In the past week, the newspapers said that the debate over possible driving bans on diesel-engined vehicles would increase CO2 emissions. This statement we have followed up once and have compared the official values of the most famous German compact car VW Golf as petrol or diesel and found that this statement can not stand so. For this we have selected two engines with the same power (150 hp each) in order to obtain a fair basis for comparison. According to the manufacturer, the diesel engine (TDI) consumes 4.3 liters per 100 km. The gasoline engine (TSI) has a slightly higher fuel consumption and requires 4.9 liters at the same distance.
The burning of a liter of diesel, however, releases 2.64 kilograms of CO2, with the combustion of one liter of gasoline being calculated at 2.33 kilograms of CO2. Ultimately, therefore, the petrol engine emits 11.417 kilograms of CO2 per 100 kilometers of standard fuel consumption, whereas the diesel engine emits almost identical values and emits 11.352 kilograms of CO2, which corresponds to a nearly homeopathic difference of 0.57%.
The blanket claim that diesel engines are being produced to fight climate change is clearly misleading, in order not to use the words “fake news”.
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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.)
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Advantag Services GmbH