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South Africa’s government finally published its draft carbon tax bill on Monday, offering wide exemptions and the use of offsets but giving no exact start date.
Analysts Energy Aspects have slashed their estimates for emissions from European utilities and subsequently EU carbon prices due to an expected boom in gas imports.
European carbon eased on Monday on the back of weaker German clean dark spreads, but analysts said EUA prices could be supported this week by reduced auction volumes.
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Bite-sized updates from around the world
“City types” are becoming the most powerful advocates of the low-carbon economy because they actually have the power to bring it about. “Not that they are driven mainly by idealism; still less by rejection of the existing financial system, like many of the deeper greens. Far from wanting to obstruct capitalism, they are out to boost it, and, above all, to make lots of money for their institutions, shareholders, and themselves.” (Telegraph)
France’s environment minister Segolene Royal would like to see a price of €100 a tonne of carbon dioxide pollution by the end of this century. “It’s a good price,” she said. (Financial Times)
Citigroup has excluded Greenpeace from the sale process of Swedish utility Vattenfall’s German lignite operations. The bank said the NGO did not intend to place a bid, according to a Greenpeace press release, a claim that the campaigners refuted. Greenpeace had said that it wanted to buy the lignite ops so it could shut down the plants and ensure the remaining coal was left in the mines. (H/T Clean Energy Wire)
Three Mexican states have signed the Under2MOU initiative, taking the total to 52 cities, states and nations worldwide representing more than half a billion people that have signed the voluntary pledge. Estado de México, Hidalgo and Yucatán signed, commiting to either reduce GHGs 80-95% below 1990 levels or achieve a per capita annual emission target of less than 2 metric tons by 2050. (California EPA)
Seven programs won REDD+ funding at last week’s meeting of the World Bank’s Forest Carbon Partnership Facility, a 47-country collaboration. (World Bank)
India has launched a new CDM website just in time for the Paris COP. The service captures the entire lifecycle of projects and enables monitoring of the different stages. It is intended to improve the functionality of the country’s Designated National Authority (DNA) and provide more transparency over the distribution of 2% of all CER revenue, which is meant to support sustainable development for local communities.
And finally… As the world marches towards Paris’ COP-21, two of the biggest thorns in the side of the fight against climate change have been removed in as many months: Australia’s Tony Abbott and Canada’s Stephen Harper. In Germanwatch’s Climate Change Performance Index 2015 assessment of OECD countries, Australia ranked at the bottom of the climate action table, and Canada second-last. However, the two are “only small pieces in a very large puzzle”, meaning the leaders of the next four worst-ranked OECD countries either need to get their acts together, or be replaced by someone who can do better, reports The New Daily. The outlet names the world’s biggest remaining “climate villains”.
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