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Renowned economists Joseph Stiglitz and Nicholas Stern are to stress in a key document next month the importance of governments worldwide achieving credibility in setting the higher carbon prices needed to meet the Paris Agreement.
EU carbon prices crept slightly higher on Monday, putting a little distance from the year-low reached in the previous session as a market-friendly France election and a strong auction briefly lifted bearish sentiment.
UK MEP Ian Duncan will run in the June 8 UK general election, a campaign that could clash with his role as lead negotiator for the EU Parliament in finalising the post-2020 ETS reform bill.
Regenerating or planting new native forest can offer a cost-effective option for New Zealand emitters to meet their CO2 targets in future as domestic and international carbon prices are set to increase, a report has found.
Job listings this week:
Greenhouse Gas Professional & Lead Verifier, Ruby Canyon Engineering – Grand Junction, Colorado
Manager, Green Investment Bank Initiative, Rocky Mountain Institute – Boulder, Colorado
Community Development Project Officer, Aboriginal Carbon Fund – Cairns, Australia
Assistant, economics/climate, European Climate Foundation -Berlin
Consultant, REDD+ best practices, Transparency International -remote
Or click here to see all our job adverts
BITE-SIZED UPDATES FROM AROUND THE WORLD
Brexit-soothing – Business group IETA has sent a letter to UK climate minister Nick Hurd urging him to keep the UK in the EU ETS, at least via a transition process until the end of the third trading phase in 2020. Should it not be possible to stay in the scheme as the UK exits the EU, IETA is recommending Britain to closely align its overall climate policies with the bloc post-2020 and is developing a list of elements of EU ETS implementing legislation that will need to be addressed by the UK to help smooth the process, according to a copy of the letter seen by Carbon Pulse. **Carbon Pulse’s EU ETS dossier includes a comprehensive section on what Brexit means for the UK and the EU ETS**
More orders on energy – US President Donald Trump is this week expected to sign a new batch of executive orders on energy and environment, Reuters reports. The new orders state that former administrations have “overused” the president’s right to protect federal areas of land and water from mining and drilling, and that they have been “overly restrictive” of offshore drilling.
Bad conversion – China is planning to step up efforts to convert coal into natural gas as a means to reduce the nation’s massive air pollution problem. But that could boost CO2 emissions by as much as an additional 450 million tonnes per year, according to Greenpeace. (AP)
Trade over sweeteners – Germany’s most populous state and industrial powerhouse of North Rhine-Westphalia would be wise to back Germany to shift its energy transition from national subsidies to a better functioning EU ETS, according to economist Christoph Schmidt. He said the state currently pays a lot more for funding renewables than other German states that benefit most from the expansion of solar and wind power. (Rheinische Post, Clean Energy Wire)
EU power and move – EU member states approved the European Commission’s proposal to invest €22.1 million in seven projects to speed up the deployment of alternative clean energy sources in the transport sector.
And finally … Revenge of the Nerds – Tens of thousands of people turned out in cities across the US and beyond on Saturday for Earth Day events billed as a “celebration of science” to counter what organisers say is a growing disregard for evidence-based knowledge. Demonstrators carried signs like “There Is No Planet B,” “No One Is Above Peer Review,” “Revenge of the Nerds”. (Reuters)
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