The energy loss of photons due to the cosmological red shift is interpreted, here, as a periodical process of transferring electromagnetic field energy into the space. The transferred energy portions are independent on photon energy if this transfer occurs with their frequency. The amounts of periodically released energy are so small that the related ultra-long wave length photons have to be understood as perfectly delocalized. Thus, the described point of view bridges the quantum micro cosmos with the macro cosmos. It is proposed to regard this energy exchange as a typical property of universal time arrow and to interpret the “large numbers”, in particular the dimensionless reciprocal of product of Hubbles constant and Planck time as the fundamental parameter describing cosmic evolution.