Dear Sir or Madam,
The fundamental risks in the Middle East have been exacerbated by the attacks of the Americans, the French and the British Forces, while oil stocks in the OECD have continued to fall. This led to a significant increase in crude oil, which boosted not least the price of European emission allowances. On Friday, the price of the EUAs rose to 14.08 euros, before it ended the trading week with a visible increase of just under one euro at 13.90.
Last week, the Potsdam Institute for Climate Impact Research (PIK) published a study that provided scientific evidence that the Gulf Stream is weakening. The Gulf Stream is an important source of heat for the European continent, bringing the warm waters of the West African region across the coasts of Florida to Europe and then to the South of Greenland. This important stream has now slowed by 15% in the past 70 years, due to climate change. The lower the temperature difference between the North Atlantic and the tropical waters, the slower the Gulf Stream. Ultimately this means that only a cold North Atlantic is a guarantee for a strong Gulf Stream, which brings warm air masses from the South to Europe.
In recent years, there have been several scientists who have linked a further weakening of the Gulf Stream with the possibility of the appearance of a small ice age in Europe.
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(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