Dear Sir or Madam,
The European Commission is suing Germany and five other countries for their poor urban air quality. Since Germany has also decided on these values, nobody can now claim that the EU takes far too ambitious values as a basis. The EU is now doing what they need to do to ensure that the values agreed upon are respected. Of course, the political specter of a driving ban of diesel cars moves closer again, if Germany wants to avoid imminent penalty payments.
If one buys a Porsche SUV, he or she is usually less likely to think about emitting CO2, NOx or particulate matter. The idea that such a large and heavy vehicle can have a low environmental impact is simply absurd. Now 60,000 Porsche Cayenne and Macan are called back because of five illegal shutdown devices, bringing the VW Group once more in the focus of the investigative authorities.
But there is also positive news. The CO2 emissions of the German power mix have fallen significantly since 1990. According to information from the Federal Environmental Agency, last year only 366 million tons were emitted, compared to just 285 million tons last year, which represents a significant drop of 81 million tons or 22%.
In the last week, the bull market continued with the emission certificates. After an unsuccessful auction on Wednesday at the ICE in London for 4,593,500 EUA, the market increased significantly and jumped over the mark of 15 euros, which he was able to hold until the end of last trading week. Also today’s Tuesday continued this trend and the market seems to target the mark of 16 euros.
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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