Dear Sir or Madam,
Thirty months ago, student Greta Thunberg started striking in front of the Swedish Parliament building on Fridays instead of going to school. With that, she got exactly the attention she would not have got, for example, if she had held up her poster on Saturday afternoon. Last Friday, the resulting children and youth movement #fridaysforfuture reached its peak. More than 1.5 million children and students took to the streets at 2,083 places in 125 countries during their school years, so that politicians implement the Paris Agreement on Climate Change, enabling global warming of no more than 1.5 ° C compared to pre-industrial times.
In our fast-moving time, in which everyone can give thoughtful or even thoughtless comments on all sorts of things that spread via social media also correspondingly fast in their respective filter bubbles, the polarizing topic shows in its full range. With 23,000 scientists behind the movement, new German leader Annegret Kramp-Karrenbauer of the conservative CDU said she would not apologize to her children if they accompanied the school strike. Liberal FDP leader Lindner is also of the opinion that the children belong to the school and the climate policy is to be left exactly to the professionals, which caused the problem according to the opinion of the climate activists only by omission.
In any case, Greta Thunberg and her colleagues have already achieved that the issue of climate protection is discussed socially on a broad basis; that children talk to their parents about it and possibly question their own consumer behavior and, ideally, make it more sustainable. The coming months will show whether the social debate continues and whether Fridays for Future will continue to maintain or expand its gravity. The very fact that children and adolescents are politically involved and socially involved, even with the means of civil disobedience, is definitely welcome.
Emissions trading in Europe, which is currently the most important climate policy tool of choice for reaching the CO2 reduction targets, will reach the mark of 30 euros per ton or EUA in the second half of 2019, according to analysts of various companies. However, over the past trading week, ongoing uncertainty surrounding Brexit caused the price to drop a whopping 2%, ending the trading week at 22.36 euros in the spot market. This topic will certainly keep the market busy until there is ultimate clarity on the way and timing of the exit.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||22.88 EUR||22.36 EUR||-0.52 EUR|
|EUA (December-2019-Future)||23.02 EUR||22.47 EUR||-0.55 EUR|
|CER (Spotmarket)||0.22 EUR||0.22 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||65.82 USD||67.03 USD||+1.21 USD|
|EURO (Currency, Forex)||1.1233 USD||1.1324 USD||+0.0191 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