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After six years of negotiations, in Oct. 2016 191 governments agreed at the UN aviation body ICAO on the design elements of a global market-based measure for international aviation.
China’s Fujian province will set up an emissions trading scheme by year’s end that will link to the national carbon market in 2017, the provincial government said, but it was unclear whether local emitters will face compliance obligations pre-dating the nationwide programme.
European carbon pared early losses to finish little changed on Monday as a bullish auction and higher oil supported prices.
An experienced China carbon and energy reporter has joined Carbon Pulse from Thomson Reuters to boost the depth and quality of coverage of what will be the world’s biggest emissions trading scheme.
Job listings this week:
CEO, Beyond Zero Emissions – Melbourne
Certification Manager, Standard & Certifications Scheme, Climate Bonds Initiative – London
Senior Consultant, International MRV, Ricardo – Oxfordshire, UK
Senior Analyst, Global Innovation Lab for Climate Finance, Climate Policy Initiative – Rio de Janeiro
Analyst, Global Innovation Lab for Climate Finance, Climate Policy Initiative – Rio de Janeiro
Project Manager, Acclimatise – Cardiff
Internships for Researchers, Acclimatise – Oxford/Cardiff
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BITE-SIZED UPDATES FROM AROUND THE WORLD
La taxe de carbone – France’s plan to introduce a carbon floor price mechanism will involve either charging coal-fired power plants a flat rate for emissions or imposing a flat tax on power facilities, according to a document seen by Reuters. France wants to unilaterally raise the price emitters from its nuclear-heavy power sector pay for their CO2, and is reportedly looking at a similar top-up tax to that of the UK. The proposal will be finalised in the next week for including in the country’s 2016 budget bill, with the mechanism set to enter into force in January.
Petrol-free in ’30 – German federal states want to ensure that the sale of new diesel and petrol cars in the European Union ends by 2030 in order to protect the climate. In a resolution of the parliament’s upper house (Bundesrat), Germany’s sixteen states asked the EU Commission to evaluate whether member countries’ existing tax and fee practices effectively promote emission-free mobility. The goal is that “only emission-free cars are registered in the [European] Union by 2030 at the latest.” (H/T Clean Energy Wire)
Coal’s dark shadow over Paris – Slowing down construction of coal-fired power stations will be vital to hit globally agreed climate change goals, the World Bank president, Jim Yong Kim, said as he outlined a five-point plan to flesh out last year’s Paris agreement to reduce CO2 emissions. Read more on this from the Guardian.
Renewables fatigue – Global investment in clean energy fell to the lowest in more than three years as demand for new renewable energy sources slumped in China, Japan and Europe. Third-quarter spending was $42.4 billion, down 43 percent from the same period last year and the lowest since the $41.8 billion reported in the first quarter of 2013, Bloomberg New Energy Finance said in a report Monday.
And finally… Energy gets debate garbage time – After viciously sparring over everything from sexual assault claims to Syria, the two main US presidential candidates were asked in the 89th minute about their energy policy plans. Clinton focused on the nation’s natural gas resources – calling them a ‘bridge fuel’ to a clean energy future, and pledged to fund the retraining of workers from the country’s beleaguered coal sector. Trump, on the other hand, blamed the Obama administration and the EPA for “killing energy companies”, and pledged to gut the agency’s regulations and bring back jobs. He claimed that the US has 1,000 years left of coal left, which can be burned cleanly. “I am all for alternative forms of energy, including wind and solar, but we need much more than wind and solar,” Trump added.
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