Dear Sir or Madam,
The heat wave in Germany takes a short break and gives way to normal Central European summer temperatures. However, some weather models see new temperature rises of more than 30°C this week and in the coming week this can become a little more. Long lasting rainfall is also not in sight in all parts of the country.
Scientists believe that climate change has already affected the jetstream to such an extent that it is currently slower. The jetstream is wavy at an altitude of 8,000 to 12,000 metres, with a waveform that has established itself, causing the unusually warm and dry European summer weather of recent weeks and months.
Weather and climate specialists see an important reason for the sluggish jet stream in the fact that the temperature difference between the oceans in the north and around the equator is reduced.
Depending on where a wave of the jetstream settles, hot and dry or wet and cool summers may occur. Of course, this also applies to all other seasons. This is becoming a major challenge, especially for agriculture, which also bears a large part of the responsibility for the production of climate-damaging greenhouse gases.
It is possible that the inclusion of mass-produced agricultural holdings in emissions trading would be one way of controlling this, even if this would lead to an end to cheaply produced meat.
Last week, European emission rights ranged between EUR 17.31 and 17.92 per tonne of CO2, and it seems to be a matter of time before the allowances exceed the EUR 18 mark. The halved auction volumes this month could contribute to this, as could higher electricity demand at high temperatures.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||17.65 EUR||17.87 EUR||+0.22 EUR|
|EUA (December-2018-Future)||17.68 EUR||17.89 EUR||+0.21 EUR|
|CER (Spotmarket)||0.29 EUR||0.27 EUR||-0.02 EUR|
|ICE Brent Crude Oil (Benchmark Future)||73.30 USD||72.90 USD||-0.40 USD|
|EURO (Currency, Forex)||1.1567 USD||1.1409 USD||-0.0158 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