Dear Madam or Sir,
The Environmental Action Germany (Deutsche Umwelthilfe e.V. – DUH) has made its own evaluation of data from the Federal Environment Agency and compared the nitrogen pollution in the air between cities against which the association had successfully filed suit and those cities against which no suit was filed. It came to the conclusion that the decrease in air pollution in the cities complained about was twice as high as in the other cities. DUH attributes the greater decrease to enforced driving bans on old diesel vehicles. This at least shows that local initiatives, as controversial as they may be, apparently lead to measurable effects.
On a global level, concerned scientists are constantly looking towards the Arctic. The temperature of 21.2 degrees recently measured in Svalbard has only been exceeded once since weather records began, in the summer of 1979. Normally, the average temperature during the summer months is only 5 – 8 degrees. At the same time, the Alfred Wegener Institute (AWI) in Bremerhaven has noted a historical decrease in sea ice around the North Pole. The unusually high temperatures, especially in the Russian part of the polar region, are also being noted as a cause.
In the course of the correction in the CO2 market, the price sought to approach the 25-euro mark in the short term during the past trading week, but this proved to be a fundamental support. As a result, the price rose again significantly and established itself above the 26-euro line. As of today, auction volumes on the EEX have been reduced to half, as usual in August.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 24/07/2020 | 31/07/2020 | Change |
| EUA (Spotmarket) | 26.29 EUR | 26.21 EUR | -0.08 EUR |
| EUA (December-2020-Future) | 26.37 EUR | 26.28 EUR | -0.09 EUR |
| CER (Spotmarket) | 0.30 EUR | 0.28 EUR | -0.02 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 43.26 USD | 43.70 USD | +0.44 USD |
| EURO (Currency, Forex) | 1.1655 USD | 1.1777 USD | +0.0122 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