Dear Sir or Madam,
The IPCC has released its latest report, which foresees drastic global consequences if humanity fails to limit global warming to a maximum of 1.5°C, compared to the pre-industrial era. In its report, the IPCCC believes that this target can be achieved if global greenhouse gas emissions are reduced to 45% of 2010 levels by 2030. However, this would require a closed and immediate action by all those nations responsible for these greenhouse gas emissions.
The fact that this alone in the former climate protection flagship Germany does not work, shows recently on the subject of diesel vehicles. Instead of taking decisions to retrofit Euro 4 and 5 vehicles with state-of-the-art technology, some of which are still doing their job well, exchange premiums should be used to purchase new vehicles. Considering that the production of a car causes as much greenhouse gas as its average useful life, this is a shameful result. At the same time, the EU is already warning that the old, dirty diesel cars would be exported especially to Eastern Europe, where it will continue to emit its pollutants.
A positive signal for climate protection was issued last week by the German Higher Administrative Court of Munster, which did not see sufficient evidence for the presentation of German power generator RWE that the clearing of the remaining Hambacher forest is necessary for the security of supply with electricity. This celebrated on Saturday about 50,000 protesters on the ground peacefully, after the ban on demonstrations could be stopped by urgent applications at the Administrative Court of Aachen and the Federal Constitutional Court. Now it is up to the German coal commission to organize a swift exit from lignite burning.
CO2 emissions rights were also given a boost, which rose again sharply on Friday after a strong auction result and posted a plus of 4.4% on a weekly basis.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||21.16 EUR||22.09 EUR||+0.93 EUR|
|EUA (December-2018-Future)||21.21 EUR||22.16 EUR||+0.93 EUR|
|CER (Spotmarket)||0.29 EUR||0.28 EUR||-0.01 EUR|
|ICE Brent Crude Oil (Benchmark Future)||82.75 USD||84.12 USD||+1.37 USD|
|EURO (Currency, Forex)||1.1603 USD||1.1522 USD||-0.0081 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.)
Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.
With kind regards,
Advantag Services GmbH