Dear Sir or Madam,
According to a recent study, management consultancy McKinsey found that climate change could cost hundreds of millions of lives and trillions of dollars. The consultants have calculated the consequences of the climate crisis for 105 countries and have come to the conclusion that global warming is a serious economic threat insofar as the international community does not take countermeasures and continues to follow its current behaviour.
India, Pakistan, Bangladesh and Nigeria in particular are the regions most affected by climate change. By 2050, up to 1.2 billion people could already be living there in places where there is a risk of fatal heat waves. In agriculture alone, annual losses of up to six trillion US dollars could be expected globally by the middle of the century.
And these are just a few aspects that threaten in a few decades if climate change is not combated with all the intensity required.
Rising demand for CO2 emission rights due to lower free allocation quotas has caused prices for European Allowances (EUA) to increase visibly in the past week; the trading week ended with a plus of more than one Euro, well above the 25 Euro mark.
This week, the auction of 11.6 million EUA on four days is on the trading calendar of the Leipzig EEX, which is more than 6 million tons less than in the previous week.
|(Average Quotes Exchange / OTC)
|ICE Brent Crude Oil (Benchmark Future)
|EURO (Currency, Forex)
(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