CP Daily: Monday October 3, 2016

Published 23:58 on October 3, 2016  /  Last updated at 23:58 on October 3, 2016  /  Daily Newsletter  /  No Comments

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

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Canada announces national mandatory carbon pricing plan

All Canadian provinces and territories must introduce carbon pricing across large swathes of their economies from 2018 but face the choice of rolling out cap-and-trade or imposing a tax that must hit C$50/tonne by 2022, the federal government announced Monday.

Hong Kong weighs emissions trading

Hong Kong is considering setting up an emissions trading scheme to help meet its climate goals and has commissioned the HK Productivity Commission to study the feasibility of a local carbon market.

EU Market: EUAs extend 3-mth high as power prices surge on

EU carbon prices raced back above €5 to extend a three-month high on Monday as markets were roiled by Brexit and further rises in German power, and observers gave a bullish outlook.

MEPs urged to call time on EU ETS coal funding loopholes

EU lawmakers are being urged to close funding loopholes that has allowed the bloc’s flagship climate policy to be used to subsidise coal power infrastructure in eastern member states.

First offsets issued in Japan-Mongolia carbon scheme

Japan and Mongolia have issued the first carbon offsets under their Joint Crediting Mechanism (JCM), rewarding two projects for providing efficient heat supply.

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Job listings this week:

Clean Air Rule Policy and Carbon Reduction Specialist, Department of Ecology – Washington state
Forestry Program Officer, American Carbon Registry – Sacramento or elsewhere
Energy Modeler and Analyst, Climate and Energy Programme, Union of Concerned Scientists – Cambridge, Massachusetts
Freelance business professional, green energy sales, Allcot – Spain

Or click here to see all our job adverts

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BITE-SIZED UPDATES FROM AROUND THE WORLD

India pushes Paris – India ratified the Paris Agreement on Sunday, further upping the very strong odds that pact will come into force by next month’s annual conference in Marrakech. The environment ministry said it was “very crucial” that meeting advanced key issues on finance and technology transfer, where India will insist on a concrete roadmap from developed countries. (Reuters)

Visions for markets – Brazil and Costa Rica made submissions to the UN on the way ahead for elaborating rules on emissions trade under the Paris Agreement ahead of the Sep. 30 deadline. Read Carbon Pulse’s take on New Zealand’s submission here. Japan and Ukraine have also made submissions, as well as a joint submission by business group IETA and green groups Conservation International, EDF, Forest Trends and The Nature Conservancy.

And finally… Having another go – US Congressmen John Delaney (D-MD) and Chris Gibson (R-NY) have introduced legislation to establish a bipartisan National Climate Solutions Commission to propose ways to reduce GHG emissions based on the findings of the scientific community.  The commission – to feature five members from each party – would review economically-viable public and private measures to cut GHGs, and make recommendations to the president, Congress and the states.  We’ll let you know if this goes anywhere.

Got a tip? Email us at news@carbon-pulse.com