CP Daily: Thursday September 8, 2016

Published 19:51 on September 8, 2016  /  Last updated at 19:59 on September 8, 2016  /  Newsletter  /  No Comments

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

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China, Japan, Korea step up efforts on carbon market cooperation

Supervised by government officials, researchers from the three major East Asian nations will meet in Beijing next week at a first annual conference to discuss how they can integrate their carbon markets in the future.

Beijing hits snag in cross-provincial carbon trading

The Beijing municipal government has the only pilot carbon market in China with links to other provinces, but officials in partnering Inner Mongolia and Chengde have not finalised allocation plans for 2015 several months after Beijing emitters surrendered permits for that year.

EU Market: EUAs hold above €4 in steady trade

EU carbon consolidated near €4 on Thursday until a late push helped to claw back much of the previous session’s losses.

Senior Point Carbon analyst joins Ecofys

A senior Thomson Reuters Point Carbon analyst is leaving to join the Cologne office of Dutch consultancy Ecofys.

South Australia considering ETS for electricity sector

The South Australian government is looking to “explore” establishing an intensity-based carbon trading scheme for electricity generators, state Premier Jay Weatherill said Thursday.

BITE-SIZED UPDATES FROM AROUND THE WORLD

Light goes out in MassachusettsE&E writes that Massachusetts’ energy secretary is dialing back on reports that the state is pushing other RGGI members to sign off on a tougher greenhouse gas emissions goal. With four RGGI states reportedly opposed to a doubling of the annual cap cut to 5% after 2020, the chances of achieving the required consensus of the 9 member states agreeing on a deeper goal by year-end appear to be fading. Results of RGGI’s latest quarterly auction held on Wednesday are due at 10am local time tomorrow.

California seals post-2020 climate goal – California Governor Brown is due today to sign into law a package of climate bills (SB 32 and AB 197) that commits California to cutting emissions to at least 40% below 1990 levels by 2030. While the bill creates certainty about emission targets beyond the current 2020 goal it does not specifically mention the state’s carbon market, leaving proponents little wiser on how the programme will move forward.

More work needed – Germany’s environment ministry has published its long-awaited Climate Action Plan 2050 floating how the country will meet its goal of cutting greenhouse gas emissions by 80-95% by mid-century. But the lack of a firm deadline for when the country will exit from coal-fired power and other details has angered green groups. The plan is now expected to be negotiated and signed off by the Cabinet in November, with Environment Minister Barbara Hendricks insisting that the documents blanks will be filled in by that point after inter-ministerial discussions. (Clean Energy Wire)

And finally … Football goes neutral – Football world governing body FIFA has become the the first sports organisation to sign the UNFCCC’s Climate Neutral Now pledge. The under-fire group is due to confirm the move at a ceremony in New York by pledging to continue to strive towards becoming emission-neutral by the mid-century, and has committed, as it did in Brazil in 2014, to measuring, reducing and offsetting all of its  emissions at the 2018 FIFA World Cup in Russia. The ceremony also announces an international climate pledge to encourage citizens around the world to make a personal contribution to climate action by committing to reduce their climate footprint by half in ten years, and to consider offsetting their unavoidable emissions.

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