CP Daily: Friday October 28, 2016

Published 23:06 on October 28, 2016  /  Last updated at 23:13 on October 28, 2016  /  Newsletter  /  No Comments

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

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IMO set to take until 2023 to fix emission goal for shipping

The IMO has agreed to ready by 2018 an initial strategy to address greenhouse gas (GHG) emissions from international shipping, but this will not be finalised until 2023 to allow the industry time to collect fuel data.

Official warns of tight offset limit in China ETS

China plans to set a tight limit on offset use in its national emissions trading scheme, a senior government official said Friday, warning suppliers that selling opportunities might be scarce in initial years.

China ETS could regulate twice as much CO2 as previously estimated -analysts

China’s national cap-and-trade programme might cover around twice as much CO2 as the government has estimated, analysts ICIS Tschach Solutions said Friday, while adjusting its price forecast slightly downward amid coal sector doubts.

EU Market: EUAs nudge higher amid stable energy complex to end week flat

EU carbon prices edged slightly higher on Friday as the energy complex was little changed, bringing EUAs level with last week’s close.

CN Markets: Pilot market data for week ending Oct. 28, 2016

A table of the closing prices, ranges and volumes for China’s regional pilot carbon markets this week.

BITE-SIZED UPDATES FROM AROUND THE WORLD

Marrakech or bust – Germany’s already much watered-down Climate Action Plan 2050 will not be signed off by the environment ministry at all costs just to get done before next month’s UN climate talks in Marrakech, according to senior environment ministry official Jochen Flasbarth. Earlier, more ambitious drafts of the environment ministry’s plan had been diluted by the economics ministry and Angela Merkel’s chancellery and the plan currently faces strong opposition from conservative members of parliament. The main points of contention include possible emission reduction targets for each sector and establishing a coal phase-out commission. (Clean Energy Wire)

Coal cash flare-upBosnia faces legal action from environmental campaigners over Chinese-backed dash to build four new coal-fired power plants on the edge of the EU. (Climate Home)

And finally … – Where there’s muck there’s … skiing. Copenhagen’s Amager Bakke biomass-burning power plant boasts that it will provide social as well as environmental infrastructure near the centre of the city and features a ski slope, climbing wall and picnic area to bring industry back into the urban fabric. (The Guardian)

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