CP Daily: Thursday December 10, 2015

Published 19:34 on December 10, 2015  /  Last updated at 21:40 on January 30, 2020  /  Newsletter  /  No Comments

A daily summary of our news plus bite-sized updates from around the world.

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EU pushes for pre-2020 INDC reviews, says will pave way for deeper national GHG cuts

The EU is pushing for the Paris global climate deal to take stock of all national pledges before 2020, a move that Europe’s climate commissioner Miguel Arias Canete said would mean the 28-nation bloc and many other countries would come under pressure to up their goals.

COP-21 Roundup: Dec. 10 – Day 11

The UN climate talks in Paris have entered the phase where negotiators mostly forgo sleep as they stay locked in meeting rooms overnight trying to edge the process forward. Carbon Pulse follows the talks and will keep you updated on new developments.

New Zealand attempts to rally support for carbon markets at Paris talks

New Zealand is drumming up support for a declaration on international carbon trading at the Paris climate talks, a move it hopes will bolster certainty that emissions markets have a future regardless of the outcome in the French capital.

Norwegian commission proposes $49/t carbon tax for non-ETS sectors

A government-appointed green tax commission this week recommended Norway impose a 420 NOK ($48.70, €44.37) per tonne of CO2 from non-ETS sectors from next year, though the proposal has been met with criticism from one of the ruling coaltion parties as well as opposition MPs and green groups.

EU Market: EUAs end lower but claw back from fresh 1-month low

European carbon eased on position rolling and slightly weaker fundamentals, but prices climbed back from a new one-month low touched early on Thursday, lifted by a second straight strong auction result.

Norway secures remaining CERs in 30 mln-unit purchase plan

Norway has met its target to buy 30 million CERs via two tenders held by the Nordic Environment Finance Corporation (NEFCO) after contracting to purchase 4.9 million from four projects in sub-Saharan Africa.

Guangdong to auction 300,000 allowances on Dec. 21

Guangdong will hold its second CO2 allowance auction for the 2015 emissions year on Dec. 21, offering 300,000 permits at a minimum price of 12.80 yuan, the China Emissions Exchange in Guangzhou announced Thursday.

Quebec approves new offset project as WCI supply grows by 61,000

Quebec on Wednesday said it had approved its seventh offset project, adding that it has issued its third ever batch of credits.

NZ appoints new climate change minister as Groser gets ambassadorship

New Zealand Prime Minister John Key this week named Paula Bennett as his new minister for climate change, as Tim Groser, who has held the position since 2010, was appointed the country’s new ambassador to the United States.

 

Bite-sized updates from around the world

Is the Paris ‘High Ambition Coalition’ a sham? The Marshall Islands-driven coalition that has drawn in the EU, US and a raft of developed and developing nations at this week’s talks has just 15 members on board currently, not the 90+ touted, as those claiming support are not speaking on behalf of the country groups they represent. (Business Standard)

UK minister eyes CCS Plan B – UK energy and climate minister Nick Bourne is keen for CCS to remain in “the mix” and seeking alternatives drive UK investment following the government’s scrapping of £1bln of competition funding. One option gaining ground among lawmakers is a “take back scheme” that would see oil and gas extractors pay for some of the cost of burying emissions they dig out. (BusinessGreen, $)

Australia’s AGL Energy will consider speeding the closure of its coal-fired power plants because of the risk that climate policy makers will set tougher curbs on emissions, according to CEO Andy Vesey. The company said in April it would shut down all its coal plants by 2050 and stop all investments in new coal projects. (Bloomberg)

Researchers at Washington State University Tri-Cities say they have found a way to convert lignin, a common wood by-product, into the same hydrocarbon molecules that are used as jet fuel. (GreenAir Online)

And finally… Sean Paul was on Thursday the latest in a seemingly neverending parade of celebrities to pop in to the COP-21 talks and raise awareness or urge action on a plethora of issues.  The Jamaican rapper was promoting a “Love Song to the Earth” he recorded earlier this year with a group of other, more well-known singers including Paul McCartney, Jon Bon Jovi, and Sheryl Crow.  All revenues generated by the audio track support environmental campaigners Friends of the Earth and their efforts to battle climate change. Paul also urged to all countries to stick to their INDC pledges “like glue“.*

* He didn’t actually say that.

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