Dear Madam or Sir,
The climate activists from “Fridays For Future” sent 101 more or less serious questions to the German FDP parliamentary group in Berlin last week. The main addressee, Christian Lindner, did not leave these questions unanswered. Of course, the 101st question was “How dare you?” and it also proves on the part of the activists that they have a sense of humor and don’t take themselves as seriously as the activists of the “last generation”.
The Liberals have formulated corresponding answers. Here they tried to explain to the climate activists that the mandatory CO2 emissions trading in Europe brings exactly the savings in greenhouse gases that are in line with the Paris climate protection agreement. We want to be open to technology here.
Ultimately, this is also the right way, because the climate does not care how mankind reduces the anthropogenic greenhouse gases, as long as it happens. Burning coal to respond to the energy supply risks of the Ukraine war, certainly not.
In the past week of trading, EU emissions allowances fought through resistance, gaining more than 6 percent on a weekly closing basis. EUAs rose above the EUR 90 mark on Thursday and have been trading well above it since then.
Only 9,913,500 EUAs will be auctioned at the European Energy Exchange this week due to the regular lack of the Polish auction this Wednesday. In the next week, August will start with the annual auction volume being halved and only 7,615,000 EUAs will be offered on all five trading days.
|(Average Quotes Exchange / OTC)
|VER (Natural Carbon Offsets)
|VER (CORSIA eligible Carbon Offsets)
|nEZ (German National Carbon Units)
|ICE Brent Crude Oil (Benchmark Future)
|EURO (Currency, Forex)
(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. The VER quotes are average rates (carboncredits.com), which can be used within the framework of CORSIA and voluntary carbon offsetting. 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.
With kind regards,
ADVANTAG Services GmbH