Today, the UN Climate Change Conference begins in Bonn, in which 3,000 climate experts from many nations will take part over the next 10 days. The German Federal Government has also officially announced its ambitious target of achieving greenhouse gas neutrality for the European Union by 2050. However, greenhouse gas neutrality does not mean that greenhouse gases can not be emitted in just 31 years. Rather, it means that greenhouse gas emissions, which are difficult to avoid, such as in parts of the transport sector, industry or agriculture, have to be compensated by other projects. These include, for example, afforestation projects or plants that remove CO2 from the atmosphere or industrial processes in order to use or store it.
The pressure of the public, not least because of the persistent actions of the children and young people in the framework of the Fridays for Future movement, have probably a considerable share in this, as can be seen in the current election polls, in which the Greens are now the strongest party became. Because before such election results, the current German people’s parties are currently more afraid than before the climate catastrophe. A welcome side effect is that it shows all skeptics of democracy that citizens can force political leaders to act.
The prices for the emission of one tonne of CO2 in the EU emissions trading system rose again slightly in the past trading week and show the 25th before the decimal point at the end of the week. Nearly 16 million new emission rights will be auctioned at EEX this week. There will be no Polish auction in the coming week, which is why only 11.5 million certificates will be offered.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||24.44 EUR||25.00 EUR||+0.56 EUR|
|EUA (December-2019-Future)||24.51 EUR||25.05 EUR||+0.54 EUR|
|CER (Spotmarket)||0.21 EUR||0.20 EUR||-0.01 EUR|
|ICE Brent Crude Oil (Benchmark Future)||63.18 USD||62.09 USD||-1.09 USD|
|EURO (Currency, Forex)||1.1332 USD||1.1208 USD||-0.0124 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.)
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