CP Daily: Monday May 8, 2017

Published 23:39 on May 8, 2017  /  Last updated at 23:39 on May 8, 2017  /  Newsletter  /  No Comments

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

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Macron’s France seen bolstering EU carbon market, global climate action

The election of Emmanuel Macron as France’s president could secure the future of the EU carbon market for now while bolstering international cooperation on climate action, observers said on Monday.

EU Market: Macron win fails to lift carbon as EUAs drop 3.5%

European carbon prices sank on Monday to give back the previous two sessions’ gains as the election of a French pro-EU president wasn’t enough to offset weakness across the wider energy complex.

SA state govt backs restrictions on Australia’s use of international offsets

Australia should only use international carbon credits to achieve emission cuts beyond its 26% minimum commitment under the Paris Agreement to help develop the domestic offset industry, said the South Australian state government, while reiterating that the country should have a carbon trading scheme for electricity generators.

Brussels held an 8-week consultation on its controversial aviation ETS plan and only four Germans responded

Four German citizens were the only respondents to an eight-week public consultation held by the European Commission over its divisive proposal to extend the limited coverage of the EU aviation ETS, and all four opposed the idea.

ECOSYSTEM MARKETPLACE – ANALYSIS: If Trump bails on Paris Agreement, at least he’ll be out of the way

“We seek your leadership,” said Kevin Conrad, Papau New Guinea’s representative at the 2007 UN climate talks in Bali, to US Undersecretary of State Paula Dobriansky. “But if for some reason you’re not willing to lead, leave it to the rest of us. Please, get out of the way!” That was 2007. Ten years on, Ecosystem Marketplace’s Steve Zwick notes the feeling of deja vu and asks if the US will try to formally block progress or just “gunk things up” again.

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Job listings this week:

Policy Manager or Policy Associate, Climate Action Reserve – Los Angeles
Assistant Analyst, Climate Finance, CPI – San Francisco
Associate, Forest Policy and Research, Climate Advisers – Washington DC
Policy Officer, Finance for Low-Carbon Innovation, DG CLIMA, European Commission – Brussels
Chef de Projet, Secteur Financier, Risques et Changement Climatique, I4CE – Paris
Climate Campaigner, Environmental Investigation Agency – London
Various Positions, GCF – Various Locations
Senior Officer, Pacific Regional Program, GGGI – Fiji
Officer, Fiji Program, GGGI – Fiji

Or click here to see all our job adverts

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BITE-SIZED UPDATES FROM AROUND THE WORLD

Their money where their mouth is – Investors overseeing $15 trillion in assets have penned an open letter urging countries to stand by their commitments under the Paris Agreement. The letter, signed by over 200 major investors, is addressed to leaders of the G7 and G20 governments ahead of those meetings in May and July. “We believe that the mitigation of climate change is essential for the safeguarding of our investments,” the signers write.

Low-impact reforms – The New Zealand government has proposed some fresh reforms to help cut greenhouse gas emissions, but two new reports have concluded the impacts will be minimal, according to the NZ Herald. AgResearch and Motu Economic and Public Policy Research both concluded that land-based emissions would be cut by a modest 2-4% unless the reforms are accompanied by a large number of newly planted trees.

And finally… Even Tonga sent more people – The US government has sent just seven registered participants to this month’s UNFCCC intersessional climate talks in Bonn, Germany, underscoring the Trump administration’s deep ambivalence about the historic agreement, the Washington Post reports.  In contrast, the tiny Polynesian archipelago of Tonga sent eight representatives. White House officials are expected to huddle on Tuesday to discuss the fate of the agreement, with business leaders and the international community pressing the US to stay in it and Trump’s conservative allies urging an exit.  The US sent 44 official participants last year, the newspaper notes.

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