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TOP STORY
Target the target: IMO resumes shipping emission goal-setting efforts
The International Maritime Organization (IMO) on Monday resumed work that will determine whether its 2018 initial strategy to address international shipping emissions should contain far-reaching targets, binding measures, or merely warm words.
ASIA PACIFIC
China launches voluntary trade of renewable energy credits
China launched voluntary trade in ‘green’ certificates for renewable power on Saturday, with critics warning that while it may help curb subsidies, the initiative lacks enough demand to gain traction and risks overlapping with the country’s carbon offset market.
EMEA
EU Market: EUAs hit 1-mth high on late buying, but ‘mixed’ signs dot road ahead
European carbon rose to a one-month high on Monday following a bout of late buying, with experts noting that EUAs face mixed fundamental and technical signals this week.
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Job listings this week:
Climate Change Lead/Senior Specialist, NDC Invest Project Leader, IDB – Washington DC
Portfolio Manager, South Pole Group – Sydney/Melbourne
EU and International Policy Assistant, IETA – Brussels
Managing Consultant, Sustainable Finance, Ecofys – London/Utrecht
Managing Consultant, Climate Scenarios and Strategies, Ecofys – London/Utrecht
Multiple Positions, Climate Strategies and Policies Team, Ecofys – London/Utrecht
Climate Policy Analyst, NewClimate Institute – Cologne/Berlin
Policy Analyst, C2ES – Arlington, Virginia
Senior Research Scientist, Energy & Climate Policy Modeling, Institute for Sustainable Energy, Boston University – Boston, Massachusetts
Or click here to see all our job adverts
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BITE-SIZED UPDATES FROM AROUND THE WORLD
Sorry, that was last year’s price – Electricite de France (EDF) said the final bill for building two new reactors in the UK could rise to more than £20 billion ($26 billion), reflecting changes to supplier contracts and plant design, and potential construction delays, Bloomberg reports. The estimated completion cost for the Hinkley Point C reactors in southwest England is now £19.6 billion, up from £18 billion last September, the Paris-based company said Monday. A slippage in schedule could add a further £700 million, it added.
2017 so far – Germany produced 35% of its power from renewable energy in the first half of 2017, up from 33% the previous year, according to the BEE renewable energy association. But in the heating sector, the gains were only minimal, the BEE added. Meanwhile, renewables made up over 26% of the total produced in the UK in the first three months of this year, generating a record amount of electricity and rising 5% on the same period last year, new government figures show. (Clean Energy Wire, Carbon Brief)
The way to the exit – A new study (in German) by energy consultancy Brainpool, commissioned by Greenpeace, outlines a detailed plan for exiting coal in Germany, so the country can reach its emissions-cutting goals. The study details when which coal-powered plants should be shut off between now and 2030. Read an article about it (also in German) here.
Mixed messages – Even as the Trump administration promises to “revive” the US nuclear energy sector by reviewing regulations affecting nuclear plants, the industry is turning to the states to craft policies that value nuclear power’s lack of greenhouse gas emissions – a dynamic that exposes a key inconsistency in the administration’s approach. (InsideEPA, $)
Survey says – A poll found more than half of Massachusetts residents say they would pay an extra $10 a month on energy bills if it led to a reduction in greenhouse gases. Results of the survey conducted by the MassINC Polling Group could add momentum to passing carbon pricing legislation. (WAMC)
And finally… Quid pro quo, America – The Fijian prime minister has called on the US to open its borders and offer a permanent home to the population of the Marshall Islands, which is threatened by rising seas. Speaking at a meeting of the Climate Action Pacific Partnership in the Fijian capital of Suva, Frank Bainimarama told low-lying Pacific states “even if the battle to keep your islands above the water is lost, we will continue to stand shoulder-to-shoulder with you. Fiji has offered to give permanent refuge to the people of Kiribati and Tuvalu, our closest neighbours under threat”. He called on the US to do the same for the Marshall Islands, which the US held as a territory for almost four decades after World War II and used as a testing ground for 67 nuclear weapons tests. “We expect the United States to do the same for the people of the Marshall Islands – who share your plight – because of their long-standing historical ties,” said Bainimarama. (Climate Home)
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