CP Daily: Friday October 16, 2015

Published 22:17 on October 16, 2015  /  Last updated at 16:23 on November 2, 2015  /  Newsletter  /  No Comments

A daily summary of our news plus bite-sized updates from around the world.
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GCF selects first 8 projects seeking $168m for final approval

The GCF board will next month decide whether to make its first funding awards of up to $168 million after the secretariat put forward eight mitigation and adaptation projects on Friday, none of which were CDM schemes.

Oil majors pledge to help curb GHG intensity but silent on targets, carbon pricing

Ten oil and gas industry bosses called for an “effective” Paris UN climate deal, recognised that current global emissions were inconsistent with the 2C goal and pledged to strengthen their actions to cut the GHG intensity of the global energy mix.

EU Market: EUAs slip from 3-year high to post scant weekly rise

EU carbon prices dipped on Friday as traders took profits following the week’s climb to its highest level for three years.

NZ Market: NZUs touch 2-month high on firmer demand

Spot NZUs closed 1.5% higher this week at NZ$6.90 ($4.71) after touching a two-month high of NZ$6.95 on Tuesday as fresh demand pushed the price higher.

Voluntary market data from CTX for Oct. 15, 2015

A table of Verified Emission Reduction (VER) prices and offered volumes, based on voluntary market data from Carbon Trade Exchange.

CN Markets: Pilot market data for week ending Oct. 16, 2015

Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.

 

Bite-sized updates from around the world

California regulators ARB will publish a white paper on Monday (Oct. 19) on possible steps needed to develop potential regulatory amendments related to tropical forest sector-based crediting programmes. It will form the basis of a public webstreamed workshop on Oct. 28 to start evaluate potential next steps for considering the potential to include international, sector-based offset credits issued by subnational programmes in the state’s carbon market. Click here for more details.

Uganda has submitted its INDC, pledging to cut its GHGs by 22% below BAU by 2030. The target is conditional on support from the international community coming from climate finance instruments and international market mechanisms.  The African nation said it would be able to cover approximately 30% of the costs, with international sources picking up the balance.

The US announced new administrative regulatory measures and private sector pledges to phase down its use of refrigerant gas HFC by 1 billion tonnes of CO2e through 2025, aiming to get a global phase-down agreement at the next round of Montreal Protocol negotiations will take place Nov. 1-5. (Reuters)

If the EU can’t even get its neighbours to clean up, how can it claim climate leadership in the world? So argues Dragana Mileusnic of green group coalition CAN Europe. She point out that the Energy Community treaty between the EU, the Western Balkans, Moldova and Ukraine has failed to bring progressive climate policies to Southeast Europe. Countries that have signed the Treaty have made practically no effort to live up to its obligations and Brussels has put little pressure on them to do so. (Energy Post)

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