Dear Sir or Madam,
Last week – to coincide with the COP25 World Climate Change Conference in Madrid, which begins this week – the German government has published its monitoring report on climate change in Germany. According to the Federal Environment Ministry, the consequences of global warming in Germany are more noticeable and can be better documented. According to the report, the average air temperature in Germany has already increased by 1.5 degrees from 1881 to 2018. In the last five years alone, this has increased by 0.3 degrees. Among other things, this leads to more health risks due to heat stress, an increase in the mean surface temperature of the North Sea and greater fluctuations in agricultural yields. Now, the Federal Environment Ministry wants to promote the promotion of artificial intelligence in the fight against climate change with 45 million euros, since human intelligence is obviously not enough.
In the next two weeks, the rules of the Paris Agreement on Climate Change will be worked on in Madrid, which is not yet completely finished and will come into force next year. The IPCC has already stated that efforts will not be enough to limit climate change to below 2 ° C. Accordingly, 66 states have already announced that they want to improve their climate targets.
Another issue is uniform rules for an international carbon market. Countries that do not achieve sufficient greenhouse gas reductions should finance climate protection projects in other countries and thereby acquire pollution rights. Accurate monitoring is, however, absolutely necessary here, as there were already irregularities in the previous CDM and JI mechanisms.
Perhaps the biggest controversial issue could be the review of the Warsaw Mechanism, which was agreed in 2013 to ensure that poor countries that are particularly affected by global warming receive appropriate assistance, either from drought disasters, storms or sea-level rise especially in the regions of Asia and Africa. Here are the rich industrialized nations required, which contribute the most to global warming.
Prices for European CO2 emissions rose again slightly in the past trading week, despite significant losses in crude oil. This week, 15.8 million certificates will be auctioned in Leipzig. From December 17, the Christmas break for auctions at the EEX begins on Monday, the 16.12.2019 come this year for the last time 3,013,000 EUA under the hammer.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||24.57 EUR||25.12 EUR||+0.55 EUR|
|EUA (December-2019-Future)||24.58 EUR||25.22 EUR||+0.64 EUR|
|CER (Spotmarket)||0.18 EUR||0.18 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||63.64 USD||60.76 USD||-2.88 USD|
|EURO (Currency, Forex)||1.1020 USD||1.1017 USD||-0.0003 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