Dear Sir or Madam,
The German Federal Environment Agency reported slightly improved levels of nitrogen dioxide, particulate matter and ozone pollution in Germany’s cities last year, not least due to local measures following the discovery of the diesel scandal. This may certainly be true, but 2017 was also characterized by a higher wind intensity, which should also have had influence on this.
Even today in Berlin between the party leaders of the CDU, CSU and SPD is being negotiated. So far, the lobbyists in the coal industry have been pleased, as the German climate target was quickly tipped and instead of 40% greenhouse gas reduction by 2020 compared to 1990, the values of the Paris Agreement on Climate Change should be sufficient for the coming decades. In return, the possible new government wants to set statutory climate protection targets for individual sectors such as agriculture, energy or transport. This should not lead to driving bans of diesel vehicles, which makes sceptical in the face of impending complaints from the EU.
At least, with the installation of 100,000 charging stations for electric cars by 2020 and a lower company car taxation, the politicians wants to improve the air quality in cities. Public transport should also be electrified more. At the same time, the possible future government wants to make traveling by train more attractive, with the observance of the timetables would be an essential step from the perspective of many travellers.
It remains to be seen if the supporter of a renewed grand coalition will receive a sufficient majority in the final SPD member survey. Of course, a member survey is a democratic matter. On the other hand, however, it makes clear how the party’s self-confidence is when it questions the decision-making authority of the management staff. Surveys suggest that a new election would probably lead to new lows for the SPD, because who will elect a party, which must be forced to exercise government responsibility.
However, the market for CO2 emission rights will be highly anticipating the upcoming political developments.
Falling energy prices and weaker auction results have put pressure on European emission rights prices over the past week, leading to week-end rates below the nine-euro mark.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||8.93 EUR||9.06 EUR||-0.13 EUR|
|EUA (December-2018-Future)||8.96 EUR||9.09 EUR||-0.13 EUR|
|CER (Spotmarket)||0.18 EUR||0.17 EUR||+0.01 EUR|
|ICE Brent Crude Oil (Benchmark Future)||68.37 USD||70.05 USD||-1.68 USD|
|EURO (Currency, Forex)||1.2456 USD||1.2428 USD||+0.0028 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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With kind regards,
Advantag Services GmbH