The IPCC (UN Intergovernmental Panel on Climate Change) report

29.04.2014

The latest report by the United Nations scientific panel on climate change shows that collective and significant global action is needed to reduce greenhouse gas emissions in order to keep global warming below 2°C. The report from the Intergovernmental Panel on Climate Change (IPCC) says that the longer we wait, the more expensive and technologically challenging meeting this goal will be.


In terms of current trends, the report finds that:

  • Despite a growing number of climate change mitigation policies, man-made greenhouse gas emissions (GHG) grew more rapidly from 2000 to 2010 than in each of the previous three decades.
  • The global economic crisis in 2007/2008 only temporarily reduced carbon emissions.
  • Total emissions from 2000 to 2010 were the highest in human history. In 2010, total GHG emissions were around 49 gigatones of CO2-equivalent (around 7 tones of CO2-equivalent for every person on the planet).
  • About half of the total carbon dioxide emissions emitted between 1750 and 2010 occurred over the last 40 years.

To access the report, please click here.

Source: The European Commission, DG Clima.

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Carbon Market

25.04.2014

The ICE Emissions Market has opened operations today, 04/25/2014, as follows:

  • EUA spot: 5,73 Euro
  • EUA Futures December 2014: Euro 5.81
  • CER Futures December 2014: Euro 0.16
  • Brent Crude (oil) June 2014: $ 110.03
  • Energy Germany June 2014: Euro 29.25
  • This morning, EUA price tumbled from 5.81 Euro to 5.50 Euro. The reason for this correction is technical rather than intrinsic, as determined by the intervention of traders who bought large quantities of EUAs, given low auctions next week and the potential military intervention of Russia in Ukraine, which may generate a price increase.

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