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Two entities participating in California’s cap-and-trade scheme failed to surrender enough units to comply under the first two years of the Western Climate Initiative (WCI), data released on Wednesday showed.
European carbon prices dipped on Wednesday as traders took profits following the recent rally back from 11-week lows, and as falling oil prices weighed on the entire energy complex.
Carbon project certifier Gold Standard has paired up with the American National Standards Institute (ANSI) to develop together a new accreditation scheme that will extend the list of auditors eligible to review energy projects while also improving the quality of audits through better oversight.
New Zealand on Wednesday awarded nine new oil and gas permits for the Taranaki Basin just days after signing on to the UN climate agreement in Paris, drawing ire from the opposition over a perceived lack of climate policy ambition
Norway on Wednesday appointed the prime minister’s chief of staff, Vidar Helgesen, as its new climate change minister in a Cabinet reshuffle that saw former climate minister Tine Sundtoft left out in the cold.
Bite-sized updates from around the world
Britain needs to put a carbon emissions limit on power plants bidding for back-up capacity contracts as an auction last week laid bare the contradiction between support for dirty emergency power stations and ambitions to tackle climate change. (Reuters)
To reach Australia’s 2030 emissions target, and potentially more ambitious targets in the future, the suite of policies in place will need a substantial overhaul. A new report from the Grattan Institute looks at available options for policy-makers if they continue failing to agree on an emissions trading scheme.
The Paris Agreement will do nothing to stop plans in Japan and South Korea to build at least 60 new coal-fired plants between them. Japanese industry and government are “awfully reluctant to visualize the coming of the ‘non-fossil world’,” a former climate negotiator told Reuters.
And finally… Meet Laurent Fabius, non-stop climate negotiations gangster. The man who many said earned the lion’s share of the credit for achieving a climate deal in Paris originally didn’t even want France to host COP21 after seeing what happened in Copenhagen. (Wired)
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