CP Daily: Friday August 26, 2016

Published 20:07 on August 26, 2016  /  Last updated at 20:09 on August 26, 2016  /  Newsletter  /  No Comments

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

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Brazil urges ICAO to give UN credits an early pass into aviation carbon market

Brazil wants UN emission units to be automatically eligible for the ICAO market-based mechanism to offset international flight emissions from 2020.

Australia releases CO2 caps for 160 biggest emitters

Australia’s Clean Energy Regulator on Friday released installation-level caps for around 160 of its biggest carbon emitters, showing that most of them will be allowed to increase their CO2 output.

EU Market: EUAs hold ground to post 1.5% weekly loss

EUAs barely budged on Friday in a second day of very thin liquidity that kept carbon slightly beneath its historical average of gains for August.

CN Markets: Pilot market data for week ending Aug. 26, 2016

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

*** Launching the six and seventh 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: Switzerland Emissions Trading Scheme

This six-page dossier gives an overview of the Swiss scheme including details on its use of international credits, associated carbon tax and offsetting and its process for linking with the EU ETS. It also features a summary of key elements by the International Carbon Action Partnership (ICAP).

DOSSIER: Kazakhstan Emissions Trading System

This 4-page dossier gives details of the Kazakh programme including its initial pilot period, its aborted phase and subsequent suspension. It also features a summary of key elements by the International Carbon Action Partnership (ICAP).

BITE-SIZED UPDATES FROM AROUND THE WORLD

Getting Brussels talking – Carbon market veteran Andrei Marcu will launch his European Roundtable on Climate and Sustainable Transition on Sept. 15 in Brussels with an evening discussion on expectations for the coming UN climate talks in Marrakech featuring several key diplomats and the EU’s top climate official Jos Delbeke. The Roundtable has also rolled out an autumn programme of events featuring the EU’s effort-sharing regulation, Phase 4 EU ETS review and trade agreements to address climate change.

Alternatives to nuclear for UK – The UK does not need the Hinkley Point C new nuclear project to keep the lights on and could balance its power needs with more energy efficiency measures, offshore wind and demand response, argues non-profit group ECIU. Bloomberg reports on how utility Drax is touting more of its coal-to-biomass conversions as another alternative it says has the added benefit of providing baseload power. (Reuters)

And finally … We’ll always have Paris. But what next? The Paris Agreement is set to pass its ratification threshold to enter into force by January if countries hold to their pledges. But negotiators are still likely to take two more years to sort out enough details for the pact to function, including key points such as how emission reductions are audited and how carbon markets will work. (Climate Home)

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