Dear Madam or Sir,
The sky over northern Europe is a brilliant blue – a message that not only spreads good humour. In Germany, for example, the stable weather conditions this month caused temperatures to be significantly too high and a pronounced drought. On a long-term average, April is already 1.7 degrees too warm and a change in the situation is predicted by meteorologists for May at the earliest. In terms of the usual amount of precipitation, April has so far only met just under 3 percent of its target. These are alarming messages for agriculture and forestry.
This is a continuation of the problematic weather situations which scientists clearly attribute to global climate change. It is therefore extremely important that in its fight against the corona pandemic, politicians do not neglect the fight to achieve the climate targets. In fact, the first voices have already been heard that would like to see efforts to reduce CO2 emissions weakened by the crisis.
A look at the oil price shows that the decision of the oil-producing countries has had no lasting impact on the market situation. The planned reductions in production volumes are obviously not sufficient to compensate for the imbalance between supply and demand. Thus, after a brief recovery, the oil price is once again in the region of its 20-year low.
The price of CO2 emission certificates was also impressed by this last week and initially lost significantly in the middle of the week. In the second half of the week, however, buyers showed great favour and pulled the price up rapidly. At the start of the new trading week and with the deadline for compliance in mind, the price is currently above the 21-euro mark.
|(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