CP Daily: Monday April 4, 2016

Published 23:32 on April 4, 2016  /  Last updated at 10:52 on April 6, 2016  /  Newsletter  /  No Comments

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

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REDD+ on the radar for airlines as green groups urge ICAO to steer clear of offsets

Interest groups are sharply divided over whether a global deal to rein in aviation emissions should feature offsets as officials gathered to study the latest proposals for a global market-based measure.

France’s Royal forms high-level taskforce to push EU carbon price proposal

French Environment Minister and COP-21 President Segolene Royal has tasked three high-level energy and climate experts to develop proposals on how to implement a price floor for EU carbon allowances as well as for European electricity generation.

Korean carbon market poised to drive 30mt of CO2 cuts in 2017 -analysts

South Korea’s current high carbon prices could cut power sector CO2 emissions 11% next year, according to analysts Energy Aspects, but a potential political intervention in the ETS and lack of access to the spot LNG market could combine to push emissions up instead.

Swedish firms launch initiative to decarbonise steelmaking

Swedish steelmaker SSAB has partnered with miner LKAB and utility Vattenfall to develop a breakthrough technology to decarbonise its operations over the next 20-25 years without using CCS.

UK steel crisis solution may hinge on carbon pricing

The UK’s carbon floor price is coming under closer scrutiny as a potential suitor for Tata’s stricken UK steelmaking operators said its interest depends on the government rolling back the policy.

EU Market: EUAs advance 2.9% but analysts put damper on bulls

EUAs rose steadily on Monday as analysts suggested that carbon had broken out of its recent slump, but they gave several reasons why further gains could be limited.

California’s ARB finalises Aliso Canyon mitigation plan, rebuffs SoCalGas disapproval

California’s Air Resources Board (ARB) on Friday published its final report on how SoCalGas should mitigate the methane leaked at its Aliso Canyon facility, with the regulator reiterating its draft recommendations despite disapproval from the natural gas provider.

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Job listings this week:

Special Assistant, Office of Global Change, US State Department – Washington DC
Program Assistant, Global Climate, Environmental Defense Fund (EDF) – Washington DC
Climate Change Policy Officer, Department of Environment, Land, Water and Planning, Victoria State Govt – Melbourne
Consultant, Sustainability Assurance (Energy & Carbon), Bureau Veritas – London
Reporter, Climate Home – London
Senior Programme Specialist, Climate Change Adaptation, AIT – Bangkok
Carbon Farming Risk & Compliance Manager, Climate Friendly – Sydney
Junior Support Consultants (2x), Climate Vulnerable Forum, UNDP – Geneva

Or click here to see all our job adverts

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Bite-sized updates from around the world

**WORKSHOP: How to put flesh on the bones of the Paris Agreement – This Apr. 5 workshop in Zurich hosted by the Zurich Carbon Market Association will focus on how carbon market mechanisms and climate finance interact. It will start off with three input presentations on open questions regarding carbon market and climate finance, an outlook on climate finance from various sources, and the double-counting conundrum in the new paradigm of global mitigation responsibility. Presentations will be followed by a moderated group session comprising of four focus areas.**

India to sign Paris Agreement on Apr. 22 – India has become the latest big emitter to confirm it will sign the Paris climate deal in New York later this month. “Though India is not part of the problem, it wants to be part of the solution,” Environment Minister Prakash Javadekar said this weekend. (The Statesman)

Climate change could cut the value of global financial assets by $2.5 trillion– in the worst case it could be as much as $24 trillion or 17% of the world’s assets, according to first estimates from economic modelling by the London School of Economics. (Nature Climate Change)

RGGI will hold its next auction on June 1, offering 15.1 million allowances for sale with a reserve price of $2.10.  released the auction notice and application materials for their thirty-second quarterly carbon dioxide (CO2) allowance auction, to be held on June 1, 2016.  There are also 10 million units from the scheme’s Cost Containment Reserve available at a trigger price of $8.00.

Four of the world’s biggest tech companies – Amazon, Apple, Google and Microsoft – have filed a court brief backing US President Barack Obama’s Clean Power Plan, saying delayed action on climate change will be costly in human and economic terms. (The Verge)

Climate Policy Initiative announced that its climate finance and energy finance programs will be led by Barbara Buchner and David Nelson, respectively. The executive directors each take on enlarged responsibilities as Thomas Heller, founder and executive director of CPI since 2009, moves into a new role as the non-executive CPI board chair and senior strategic advisor.

And finally… EU climate commissioner’s wife mentioned in ‘Panama Papers’ – Miguel Arias Canete reacted to his wife’s name appearing among a huge cache of documents published by German newspaper Suddeutsche Zeitung and other media which made public the offshore finances of dozens of politicians and public officials. The papers showed the former MEP’s wife Micaela Domecq Solis-Beaumont held an offshore firm between 2005-2010. He said her assets have always been administered separately to his own, his declarations have always been in full compliance with EU codes of conduct. A lawyer for Solis-Beaumont said she had declared all of her income and assets to Spanish tax authorities, and that the named company is not active and nor is she an authorised signatory for it. (EU Observer)

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