The permafrost soils are currently thawing much faster than was calculated in the climate models. According to a report by the Geophysical Research Letters, the soil in some Canadian regions has already thawed as much as was calculated for the year 2090. In some cases, the ground has already dropped by almost one meter over the past 15 years. The big problem with thawing permafrost soils is that microbes decompose the thawing plant material, releasing huge amounts of greenhouse gases, especially methane. Methane is 25 times more harmful to the climate than CO2 and remains between 9 and 15 years in the atmosphere of our planet. Should global warming accelerate the process of thawing permafrost soils, this will have a significant impact on global warming. To prevent this, there is an urgent need to reduce human-induced greenhouse gas emissions without delay.
Prices for EU CO2 emissions continued to rise for EU ETS compliance traded companies last week, driven in particular by the rise in fossil fuel prices. This week, a total of 11.5 million EUA will be offered at the auctions at the Leipzig EEX.
|(Average Quotes Exchange / OTC)|
|EUA (Spotmarket)||25.00 EUR||25.24 EUR||+0.24 EUR|
|EUA (December-2019-Future)||25.05 EUR||25.30 EUR||+0.25 EUR|
|CER (Spotmarket)||0.20 EUR||0.20 EUR||+0.00 EUR|
|ICE Brent Crude Oil (Benchmark Future)||62.09 USD||65.25 USD||+3.16 USD|
|EURO (Currency, Forex)||1.1208 USD||1.1367 USD||+0.0159 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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