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Controversial HFC-23 CDM projects might have maintained their environmental integrity on average because regulators under-credited some installations almost as much as they over-credited others, a study found.
European carbon hit a fresh 10-month low early on Monday before reversing course and ending slightly higher, marking only the second time this year that EUAs have posted a daily gain.
Just 3 million CO2 allowances were allocated to new or expanding installations in the EU’s carbon market over the past six months, representing less than 1% of the total pot of permits put aside for these so-called ‘new entrants’, the European Commission said late on Friday.
Kazakhstan will hand out 746.5 million allowances to the 140 companies covered by its carbon market in the third phase of the scheme, with an additional 21.9 million set aside in reserves, according to the final version of its allocation plan.
Two London-based carbon trading veterans are on the move after parting ways with their respective employers, they told Carbon Pulse.
Jeff Huang, Managing Director for greater China for Intercontinental Exchange (ICE), has parted ways with the company, sources told Carbon Pulse.
Job listings this week:
Senior Climate and Development Adviser, Irish Aid – Nairobi/Addis Ababa/other sub-Saharan country
Executive Director – Climate Change, Dept. of Environment, Victoria state government – Melbourne
Inside Sales Representative, Carbon Credit Solutions – Calgary, Alberta
Transportation & Climate Change Intern, Center for Clean Air Policy (CCAP) – Washington DC
Task Manager, Climate Change, Applus Norcontrol SL – Somalia
Land Use Director, New Climate Economy (Senior Fellow), WRI – Washington DC
Climate change policy specialist, UNDP – Bhutan
Or click here to see all our job adverts
In what might be seen as a bad omen for China’s national emissions trading scheme, the country’s fight against air pollution is being hindered by widespread falsification of emissions data, especially in the power sector, according to this report by Reuters.
The landslide victory in Saturday’s election for Taiwan’s Democratic Progressive Party’s is unlikely to bring about major changes to the island’s climate change policy because last year’s climate law, which included a plan to set up an emissions trading scheme, was supported by both major parties. However, new president Tsai Ing-wen has pledged to phase out Taiwan’s nuclear power generation amid safety concerns. She wants to achieve this by boosting renewable energy and improving energy efficiency, although some critics have questioned the viability of the plan.
Indian steelmaker Tata is to cut a further 1,050 jobs in the UK, including 750 at its 4,000-strong Port Talbot plant, blaming falling global steel prices and a flood of cheap imports for the cuts and said the UK and the EU needed to act more urgently to deal with the crisis in the industry. The Port Talbot steelworks is the UK’s biggest, accounting for about a third of the country’s total annual production of steel, though no closure plans were flagged. (The Guardian)
The job losses will likely feature strongly in talks at the European Commission-hosted Conference on energy-intensive industries, the programme for which was announced today. Commission Vice-President Jyrki Katainen and Commissioner Elżbieta Bieńkowska will lead this Feb. 15 Brussels event during which all stakeholders are to have the opportunity to set out their views on the way ahead regarding the most relevant issues for the ETS-regulated emitters. (European Commission)
Anonymous blogger Climate Trader gives their 2 cents on the recent EUA price decline, suggesting a co-ordinated sell-off by industrials is far-fetched because we’re far off 2008/9 economic crisis levels and may be due to one powerful ‘whale’ speculator picking its moment.
Carbon Brief takes soundings on what a sub-$30 oil price means for climate action, including a Financial Times editorial saying cheaper oil “may not be good for the prospects of reducing carbon emissions in the near term, but it is certainly of significant net benefit for the global economy and employment”.
Increasing renewables to 36% of the global energy mix by 2030 would provide about half emissions reductions needed to hold warming to 2C with energy efficiency measures able to make up the rest, says International Renewable Energy Agency in a report published ahead of its annual assembly in Abu Dhabi this week. (The Guardian)
And finally… Who will win in the fight against climate change: mounting scientific evidence, or a lone climate change denier? Play the Guardian’s video game and guide The Lone Denier through the levels as he tries to shut down evidence that climate change is real.
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