CP Daily: Thursday February 11, 2016

Published 17:32 on February 11, 2016  /  Last updated at 17:32 on February 11, 2016  /  Newsletter  /  No Comments

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

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Several US states to move forward with Clean Power Plan despite Supreme Court ruling

A number of US states have vowed to carry on drawing up strategies to implement the EPA’s Clean Power Plan despite the Supreme Court’s ruling this week to stay the CPP.

EU Commission ‘too secretive’ with ETS reform plans -watchdog

The European Commission has been too secretive in its post-2020 EU ETS reform proposal and must publish more of its working, an independent watchdog said on Thursday.

EU Market: Carbon dips further despite calmer trade

EU carbon fell for the seventh consecutive session on Thursday to extend a 22-month low to €4.62 as falling power prices deterred buying.

Australia’s Victoria to toughen Climate Act, rules out state ETS

Victoria’s Climate Change Minister Lisa Neville on Thursday presented a host of recommendations from an independent panel on how to scale up state law to drive emission cuts, but has ruled out launching a state emissions trading scheme.

 

Bite-sized updates from around the world

Webinar on past, present and future of ETS – The Ecologic Institute is hosting a webinar on Feb. 16 on the evolution of existing carbon markets and forecasts the future of emerging systems around the world. Guest speaker Damien Meadows of the European Commission will discuss what building the EU ETS was like and will comment on the utility of ETSs in the INDCs proposed at December’s Paris climate summit with an interactive question and answer session. The event accompanies a free online course on emissions trading available anytime here.

France’s energy transition law could force state-controlled utility EDF to close up to a third of its 58 nuclear reactors by 2025, the state audit office said in its annual report on Wednesday.  The Cour des Comptes estimates that the planned reduction of the share of nuclear in French energy production to 50% by 2025 from more than 75% now could lead to the closure of 17 to 20 reactors if power consumption and exports remain at current levels. (Reuters)

Britain’s High Court has ruled against power producers Drax and Infinis in their case brought against the government for not providing enough notice when it announced the removal of a climate change tax exemption last year, Drax said on Wednesday. (Reuters)

The Canadian Environmental Assessment Agency has warned that Pacific NorthWest LNG’s planned C$36 billion export terminal on Lelu Island would produce 5.28 million tonnes of CO2 annually, while upstream activities would contribute an additional 6.5-8.7 million tonnes, increasing British Columbia’s emissions by 8.5% and 10-14% respectively. (CTV News)

A bill to introduce a cap-and-trade scheme in Oregon has advanced to the next stage of the legislative process, according to the Portland Business Journal.  The Healthy Climate Act, which would use carbon trading to help the state cut its GHGs to at least 20% below 1990 levels by 2025, to 45% below by 2035, and to 75% below by mid-century, has moved to the Joint Ways and Means Committee to study the financial aspects of the bill.

Did Bloomberg bury a big scoop about the Koch brothers’ position on climate change?  The Washington Post tries to follow up on comments made by Charles Koch during an interview with Bloomberg where he was quoted as saying “that climate change’s worst effects would fall on people in poorer parts of the world.”

The address where Eurosceptics and climate change sceptics rub shoulders – The offices of 55 Tufton Street in Westminister, London are home to no fewer than eight right-of-centre organisations dedicated to pulling Britain out of Europe and undermining the battle to curb global warming, including the Global Warming Policy Foundation. (Independent)

Gold Standard 3.0 – The Swiss-headquartered emissions reduction certifier is restructuring its standard to better enable the firm “to meet [its] vision of a climate secure world where sustainable development brings life changing benefits to communities everywhere.”  The Gold Standard has launched a two-month public consultation to gather stakeholders’ thoughts, feedback and suggestions on what the new standard should look like.

And finally… Australian Agriculture Minister Barnaby Joyce, who won brief international fame last year when he threatened to euthanise Johnny Depp’s dogs, on Thursday became the nation’s new Deputy Prime Minister, as he was elected the new leader of minority Coalition government partner the Nationals. Joyce has expressed his doubts over climate change science on a number of occasions, and his appointment may make it even harder for PM Malcolm Turnbull to make changes to Australia’s climate policy, including the return to some form of carbon pricing mechanism. Turnbull has been shackled by the ruling coalition’s right wing on climate policy since he took over for Tony Abbott last year, despite initial hopes by environmentalists that he would bring change. (Reuters)

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