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WCI market: Aug. auction seen drawing higher demand, staving off year-end price surge
The WCI’s upcoming quarterly auction is expected to attract more bidders than May’s dismal sale, which, while not selling out entirely, may help prevent a year-end surge in prices.
EU Market: EUAs dip as auction drought fails to rouse bulls
EU carbon prices slipped on Monday as analysts gave a fairly neutral outlook for prices despite further contractions to auction volume later this month.
Chances that NZ cancels Kyoto surplus seen dwindling
A recent government update shrinking New Zealand’s estimated 2020 Kyoto surplus makes it less likely it will cancel credits equal to the 97 million ERUs used to meet previous targets, the Morgan Foundation think-tank said Monday.
*** Launching the third of our comprehensive, regularly-updated intelligence ‘Dossiers‘ on carbon pricing policies. Each dossier builds into a powerful online research tool with key news, analysis, quotes, data, charts, tables, timelines, supporting documents and links – all in one place. And they can all be exported in printable PDF format for convenient offline reading. ***
DOSSIER: Voluntary Market
This 8-page dossier provides an overview of the voluntary carbon markets, including key market drivers, major trade hubs and the CDM’s use as a voluntary instrument via its cancellation platform.
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Job listings this week:
European Environmental Markets, Sales Consultant – London
South Pole Group – various roles/locations
Or click here to see all our job adverts
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BITE-SIZED UPDATES FROM AROUND THE WORLD
Record temperatures put 1.5C goal at risk – The Earth is so hot this year that the 1.5C limit in the Paris Agreement is in danger of being breached. Climate scientists will meet in Geneva from Aug 15-18 to plan a UN report about the 1.5C goal, requested by world leaders for publication in 2018. Overshoot is among the issues in preparatory documents. (Reuters)
ETS reform faces industrial challenge – The European Commission’s proposed ETS reforms face strong opposition from German industry and power companies, newspaper Handelsblatt ($) reports. The cost of emission allowances have remained low for years and that’s something the Commission is intent on changing. Energy intensive companies see the plans as a threat, however, and are seeking support from the German government. Angela Merkel’s coalition government has so far remained tight-lipped. (Clean Energy Wire)
Obama Promises More Climate Action – US President Barack Obama announced plans for more regulations to combat climate change in the coming months and called the issue “one of the most urgent challenges for our time” in his weekly national address. He said his administration will roll out new measures, including fuel efficiency standards for trucks. (The Hill)
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