Published 16:51 on July 20, 2018 / Last updated at 22:13 on July 20, 2018 / EMEA / No Comments
The UK High Court on Friday blocked the path to a full hearing for a charity group seeking to deepen the country’s 2050 emission reduction goals, in one of the world’s first legal tests of the Paris Agreement.
Australia’s main argument to stick to a modest emissions target under the proposed National Energy Guarantee (NEG) is to avoid electricity price hikes, but wholesale power prices could be 25% cheaper by 2030 with a more ambitious goal, analysts said on Friday.
New Zealand emissions permits extended record high levels again on Friday, with some market participants questioning whether the rally might take prices up to the NZ$25 de-facto price ceiling or even beyond.
A subsidiary of Australian mining major BHP Billiton this week received nearly 240,000 carbon credits for capturing and combusting methane emissions from one of its coal mines in New South Wales.
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