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European lawmakers across several major political groupings want to slash the number of carbon allowances airlines get for free under the EU ETS and transfer the tens of millions of units to industry, a senior MEP told Carbon Pulse.
Senior politicians from China, South Korea and Japan backed a research programme for a common emissions trading market spanning all three nations on Tuesday, but stressed that such a policy was not a near-term possibility.
Alberta expects to raise its provincial carbon tax rate from 2021 in order to align with the federal government’s nationwide carbon price targets, the province’s environment ministry told Carbon Pulse.
EU carbon bucked a seven-day losing streak on Tuesday to recover all of the previous session’s fall, defying further dips in coal and power prices.
The Shanghai emissions trading market will reopen on Friday Nov. 18, the local carbon exchange announced Tuesday.
US-based specialised expert services firm Navigant have acquired European energy and environmental consultancy Ecofys, the companies quietly announced last week.
The International Emissions Trade Association (IETA) has appointed its first representative in China and a South Korean board member at its board meeting in Marrakech on Monday, in a move to expand its presence and promote its ties in Asia’s carbon markets.
Nearly one week after the election of Donald Trump as President of the United States, pension fund managers like Pete Grannis of New York state and Gerald Cartigny of Dutch fund manager MN said they have no plans to re-load their portfolios with high-carbon fossil fuels – because the numbers still don’t make sense, writes Steve Zwick of Ecosystem Marketplace.
Job listings this week:
Analyst, EU Carbon Markets, ICIS Tschach Solutions – Karlsruhe, Germany
Business Development Manager, EEX – Leipzig
Climate Change Specialist, Grand Council Treaty #3, Territorial Planning Unit – Kenora, Ontario
Or click here to see all our job adverts
BITE-SIZED UPDATES FROM AROUND THE WORLD
Brussels’ fossils – Environmental campaigners at the UN climate talks in Marrakech gave their ‘fossil of the day’ critical award to the European Commission on Tuesday, after EurActiv reported on a leaked draft of the winter package of eight proposals including the 2030 updates to renewables and energy efficiency directives due out on Nov. 30. Green group coalition CAN decried the leak’s inclusion of capacity mechanism for their potential to subsidise new coal-fired power plants. They said the long-touted 27% renewables goal is barely more than BAU and may even be a step backwards because it includes losing the right to get grid priority.
MENA money – The World Bank Group announced today a new plan to ramp up support for countries in the Middle East and North Africa (MENA) region to confront the multiple threats of climate change. Over the next four years, the MENA Climate Action Plan aims to nearly double the portion of Bank financing dedicated to climate action, taking it to around US$1.5 billion per year by 2020.
Methane moving – The 19 nations that are part of the UN-sponsored Climate and Clean Air Coalition (CCAC) recognised methane reductions as “the next big climate opportunity” and agreed on Tuesday to implement policies to minimise emissions of this powerful pollutant from their oil and gas sectors.
Tree-powered – The first-ever commercial flight powered by a blend of renewable jet fuel made from forest residuals was flown yesterday from Seattle to Washington DC, GreenAir Online reports. The Alaska Airlines Boeing 737-800 used a 20% blend of fuel produced by converting cellulosic sugars derived from wood waste into renewable isobutanol before further conversion into jet fuel.
UK ratification – The British government is likely to ratify the Paris Agreement this week, Climate Home reports. Under UK law international treaties are subject to 21 days of what’s called ‘negative procedure’, when lawmakers can question or object to its provisions. That period expires this week, and provided no MPs or Peers try and oppose ratification the government will announce it has joined the pact on Wednesday or Thursday. Two sources with understanding of the issue have told Climate Home that UK climate minister Nick Hurd – who is attending the international climate talks in Marrakech – will make the announcement.
And finally… The Marrakech Call decoded – Giving yet more proof that diplomats have no idea what a good lead looks like, Climate Home explains the political declaration being crafted at UN climate talks to US President-Elect Trump.
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