Dear Sir or Madam,
At the end of last week, the German federal government and the four energy supply companies EnBW, E.ON, RWE and Vattenfall explored the key points for compensation payments in relation to Germany’s nuclear phase-out, as the German Federal Environment Agency said on Friday.
Even if many may see it as unnecessary, this was done due to a ruling by the Federal Constitutional Court. Germany’s nuclear phase-out remains unaffected. The last nuclear power plant in Germany is scheduled to go offline at the end of 2022. For this, the Federal Republic of Germany pays the four plaintiffs financial compensation totaling around EUR 2.428 billion. On the other hand, the companies concerned undertake to withdraw all pending lawsuits and to forego lawsuits or legal remedies against the compensation scheme. However, the corporate bodies must still give their consent to this.
Microsoft founder Bill Gates has now published a book that is well worth reading, “How we can still prevent the climate catastrophe” and has incorporated many scientific findings on this. He also showed that the global economies will be much more expensive if we do not fight climate change than if we exhausted our possibilities to slow it down.
Bill Gates sees part of the solution to the problem of the constantly increasing energy demand in new fourth generation nuclear power plants, which in the near future cannot be met by renewable energies alone. And if you just stick to the facts without emotion, you will realize that the victims of the nuclear disasters in Chernobil and Fukoshima are only a fraction of the human lives that are claimed every year by the emission of gigatons of CO2 and particles when converting fossil fuels into electricity.
The topic of nuclear power will remain an emotional issue, however, because a mushroom cloud is easier to visualize than air pollution and the slower advancing climate change caused by CO2 emissions. On the other hand, one must not lose sight of the repository problem of nuclear power generation, even if the nuclear waste from the latest reactors with relatively short half-lives is much easier to treat. In any case, the topic is important enough not to be discussed emotionally and dogmatically but on a factual basis.
The market for European emission rights moved sideways last week, only to move towards the weekly high on Friday. In the end it closed with a plus of EUR 38.98 per ton of CO2e compared to the previous week.
|(Average Quotes Exchange / OTC)|
|EUA (Spot-Market)||37.22 EUR||38.22 EUR||+1.76 EUR|
|EUA (December-2021-Future)||37.28 EUR||39,02 EUR||+1.74 EUR|
|CER (Spot-Market)||0.37 EUR||0.37 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||64.34 USD||69.56 USD||+5.22 USD|
|EURO (Currency, Forex)||1.2071 USD||1.1911 USD||-0.0160 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