One of the interesting things about the European carbon market is a bit counterintuitive at first glance. As temperatures plummet carbon prices skyrocket. That's because the coal fired power plants are running flat out, 100% of capacity 'cuz wind and solar come nowhere close to supplying what is needed.
Additionally Germany can't count on the French being able to wheel electricity from their nukes across the border because many French households heat with electricity. So the European Union allowance (EUA) December 2021 future settled at €39.42 after trading as high as €39.72 intraday, both records since the beasties were introduced in, aahhh, 2005? Sometime I forget how long I've been at this stuff. Now let's see, the Rio climate shindig was in 1992 and Kyoto was in...
Anyhoo here's Severe Weather Europe with "Cold wave under the break-off lobe of Polar Vortex heads further south across Europe, bring more snow into parts of the continent this week" February 10 and from his look at North America, same date, a color I've never seen on a weather map:
....Extreme cold with deep freeze has spread across a large part of Canada and the United States this week, and you might think this is it? Wait, there is more coming up. The forecast cold is so intense that weather models are maxed out their temperature anomaly scales around Valentine’s Day. This will be a historic cold for many areas, with many temperature records to be broken.
Yes, that big area in the center of the U.S. will have spots where the anomaly is 50°F below average
