Dear Madam or Sir,
The current German federal government is not having an easy time of it, as it has been losing one court case after another in recent weeks, which raises questions about the professionalism of these political actors.
Last week, the Berlin-Brandenburg Higher Administrative Court ruled that the federal government must decide on additional emergency measures in order to reduce carbon emissions from the building and transport sectors. The German Environmental Aid (DUH) and the German Association for the Environment and Nature Conservation (BUND) filed suit.
The DUH now expects strict speed limits in Germany and the BUND is also calling for concrete immediate programs to achieve effective reductions in greenhouse gas emissions in these sectors. It will remain interesting to see how the government plans to wriggle out of this.
This year’s World Climate Conference began last Thursday in Dubai, an emirate that has made its wealth from oil and gas, like the entire United Arab Emirates.
This is as comical as if the Vegetarian Association were to hold its annual general meeting in an animal slaughterhouse.
At the beginning, UN Secretary-General António Guterres called for the participating states to commit to phasing out fossil fuels. At the same time, he warned of a “total catastrophe” if humanity continued on its current course. Nobody really believes that the oil and gas producing countries in particular will take seriously part in this.
Prices for European greenhouse gas pollution rights have continued to fall in their sideways-downward trend channel over the past week, although the 70-euro mark has held. Accordingly, Friday showed a corresponding price increase of 2.4%.
The last auction for EUAs this year will take place on December 18, 2023, at the Leipzig EEX and since the first auction in 2024 starts around three weeks later, there could be a price increase, especially if other bullish parameters are also added.
German national emission certificates can only be auctioned on the EEX on December 5th, 2023, and December 7th, 2023, and this year, due to the upcoming price increase from 30 to 40 euros, it is particularly important to assess your needs carefully and cover them by Thursday at the latest. And who knows – perhaps the German government will decide on an even higher price in order to implement the court ruling from the Berlin-Brandenburg Higher Administrative Court, as the Potsdam Institute for Climate Impact Research (PIK) has already demanded.
As always, we are happy to assist last-minute buyers quickly and easily.
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With kind regards,
ADVANTAG Services GmbH