Dear Sir or Madam,
There are new records in the climate change category almost every day. The measuring station in Manua Loa, Hawaii, recorded an absolute maximum CO2 concentration of 416.08 ppm (parts per million) in the atmosphere – in February.
In addition, researchers had a new temperature record in the Antarctic a few days ago. Brazilian soil scientist Carlos Schaefer told the AFP news agency on Thursday that a temperature of 20.75 degrees measured on the northern tip of Antarctica on February 9. Schaefer said “There has never been such a high temperature in Antarctica” and that it is the first time that the 20-degree mark has been exceeded.
Last week, OPEC lowered its forecast for crude oil demand due to the corona virus and the associated weaker Chinese economic growth. OPEC assumes that there will be an oversupply of 570,000 barrels per day in the second quarter of 2020. This initially caused crude oil prices to drop further, but a strong technical countermovement prevailed on the market, causing Brent crude oil to close at $ 2.84 a week.
In the course of this, the prices for CO2 certificates also increased significantly and set above the 24-euro mark. This week, the auction of 11.6 million EU emission rights is on the EEX trading calendar, next week it will be 5.3 million more EUA due to the Polish auction.
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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.)
Please call our international carbon desk if any further questions exist: +49.2831.1348220.
With kind regards,
Advantag Services GmbH