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Tighter ETS settings could make huge difference for China's power emissions -IEA
An emissions trading scheme with steadily tightening benchmarks and increased use of auctioning could cut CO2 emissions from China’s power sector by over 1 billion tonnes by 2035, according to the International Energy Agency (IEA). Read MoreTop
Australia Market Roundup: Regulator issues 230k ACCUs as biodiversity pilot kicks off
Australia's Clean Energy Regulator has issued just over 230,000 carbon credits in a little less than a week, while the government has opened funding applications for its new biodiversity pilot scheme. Read MoreTop
Carbon tax can put dent in Asia-Pacific emissions, IMF says
A carbon tax of $25/tonne could put a significant dent in Asia-Pacific greenhouse gas emissions, but would have to be raised to three times that level to be in line with a 2C or lower global warming target, according to the International Monetary Fund (IMF). Read MoreTop
Major investors BlackRock, Temasek join forces to combat climate change
Two of the world’s largest investment firms have teamed up to fund next-generation solutions to cut greenhouse gas emissions. Read MoreTop
INTERVIEW - Making the grade: London-based startup launches carbon offset ratings service
The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system. Read MoreTop
Canadian GHGs tick up in 2019 during first year of carbon pricing plan
Canadian emissions inched higher in 2019 on the back of rising Alberta GHGs and steady output from the transportation and oil and gas sectors, coinciding with the start of Ottawa’s federal ‘backstop’ CO2 levy and output-based pricing system, government data published on Monday showed. Read MoreTop
Virginia industry groups argue numerous deficiencies should invalidate RGGI regulation
Virginia’s revised RGGI-modelled cap-and-trade rule should be invalidated because the programme represents an illegal tax, while tweaks to the regulation finalised last year failed to adhere to administrative requirements and went beyond legislative intent, according to a brief filed by an industry group last week. Read MoreTop
NY State Pension Fund will dump seven companies over oil sands exposure
The New York State Pension Fund will immediately divest of equity and debt associated with seven companies in its portfolio and cease new investments in companies with oil sands exposure after announcing a net zero target last year, the fund said Monday. Read MoreTop
VCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review
Voluntary emission reduction (VER) prices continued a month-long descent this week as activity picked up in the futures market, while voluntary carbon market (VCM) traders pondered the impacts of US-based The Nature Conservancy undertaking an internal review of its forestry projects over additionality concerns. Read MoreTop
