CP Daily: Friday August 5, 2016

Published 00:43 on August 6, 2016  /  Last updated at 00:47 on August 6, 2016  /  Newsletter  /  No Comments

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

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California’s carbon market, climate goals to be extended “one way or another”

“One way or another”, California is going to extend its emissions reduction targets and carbon market beyond 2020.

China considers staggering allocation, compliance under national ETS

China is considering spreading out allowance allocation dates and annual compliance deadlines for different sectors across the year, according to a senior NDRC climate change official.

EU Market: EUAs recover 6.8% this week on collapsing coal, record auctions

European carbon prices rose for a fourth straight day to end Friday with a 6.8% weekly gain, as auction results, tumbling coal prices, and short-covering led EUAs to recover from Tuesday’s one-month low.

CN Markets: Pilot market data for week ending Aug. 5, 2016

Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.

BITE-SIZED UPDATES FROM AROUND THE WORLD

Rejoice! – The Delaware Department of Natural Resources and Environmental Control (DNREC) is relaunching its Energy Efficiency Investment Fund – a grant program that supports energy efficiency upgrades in commercial, industrial, non-profit and local government buildings – thanks to RGGI funding.  The program, which has been revamped and improved for quicker application turnaround times, was shelved earlier this year due to a lack of cash.

And finally… First there was Brexit, now’s there’s Clexit – In the wake of the political tsunami caused by the UK’s decision to leave the EU, a group of climate science denialists has formed to jump enthusiastically onto the Brexit bandwagon. Backed by a blitzkrieg of conspiracy theories and pseudo-science, a rapidly convened new group called Clexit has been formed, DeSmog UK writes. The group claims to have “60 well-informed science, business and economic leaders from 16 countries” signing on to a founding statement that is chock-full of long-debunked climate change myths, together with attacks on renewable energy and the UN.

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