Dear Sir or Madam,
The Federal Constitutional Court had requested the amendment, and the Federal Cabinet delivered at a truly sporting speed and passed the amendment to the Climate Protection Act last Wednesday. The corrections are primarily intended to distribute the climate protection efforts until 2045 more fairly between current and future generations.
More committed climate protection targets are to be welcomed, and it is not only the younger generation that is aptly calling for consistent changes to achieve the containment of global warming agreed by the global community in Paris. Clearly defined targets on the part of government decision-makers are the first decisive step.
But of course, it is comparatively easy to set a goal of losing fifteen kilograms of overweight instead of ten. Much more difficult, however, are the subsequent efforts to change one’s diet and get plenty of exercise. It is the same with climate protection goals – all parts of society must make an appropriate but resolute contribution to achieving the goals.
There is no doubt that the avoidance of fossil fuels is a core area of necessary action, and the price of greenhouse gas emissions plays a crucial role in this. Here, during the past trading week, the EUA’s continued their already spectacular rally even more spectacularly. Despite a short-term setback on Thursday, the price rose by more than EUR 6.00. In the past six months, EUA has thus gained around 150 per cent – a fact that can be explained above all by the strategy of investors, who seem to have no interest in short-term profit-taking.
|(Average Quotes Exchange / OTC)|
|EUA (Spot-Market)||50.45 EUR||56.45 EUR||+6.20 EUR|
|EUA (December-2021-Future)||50.45 EUR||56.65 EUR||+6.20 EUR|
|CER (Voluntary Spot-Market ø)||1.87 USD||1.87 USD||+0.00 USD|
|VER (Gold Standard Spotmarkt ø)||13.71 USD||13.71 USD||+0.00 USD|
|ICE Brent Crude Oil (Benchmark Future)||68.21 USD||68.72 USD||+0.51 USD|
|EURO (Currency, Forex)||1.2163 USD||1.2082 USD||-0.0081 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. CERs and VERs are average prices in the voluntary carbon offsetting market. 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