CP Daily: Tuesday August 29, 2017

Published 23:21 on August 29, 2017  /  Last updated at 23:30 on August 29, 2017  /  Daily Newsletter  /  No Comments

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

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CONFERENCE SPECIAL

CARBON FORWARD: As China readies world’s biggest carbon market, key questions remain unanswered

China is set to launch its long-awaited national emissions trading scheme within the next four months, but major uncertainties linger as the government has yet to clarify who will join the market and how it will work.

As partners of the Carbon Forward 2017 conference, Carbon Pulse brings you an updated conference programme showcasing the speakers and panellists who will present at the event in London over Sep. 26-28. You can view the updated programme here.

ASIA PACIFIC

NZ Market: NZUs jump to 9-mth high on election-driven demand

New Zealand carbon allowances gained another 10 cents on Tuesday to hit their highest levels since last November, with uncertainty around the upcoming election continuing to drive demand.

China’s Guangdong keeps ETS CO2 cap flat, brings in new companies

The biggest of China’s pilot emissions trading schemes will issue the same number of CO2 permits in 2017 as last year while increasing the number of market participants by nearly 10%, the Guangdong provincial government said Monday.

Australia to hold next ERF auction on Dec. 5-6

Australia will hold its sixth auction under the Emissions Reduction Fund (ERF) on Dec. 5-6, the Clean Energy Regulator said Monday, adding that it expected to spend around A$75-150 million ($60-120 mln).

EMEA 

EU Market: EUAs hold above €6 after extending 8-mth high

EU carbon prices recovered to end above €6 on Tuesday as a weak auction and a looming hike in supply weighed following Monday’s extension of an 8-month high struck last week.

Experts map climate-induced shift in EU power consumption

Rising temperatures due to greenhouse gas emissions will fundamentally change electricity consumption patterns in Europe over the century, putting strain on the grid, a report found on Tuesday.

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Job listings this week:

Policy Officer, Investor Group on Climate Change (IGCC) – Sydney
Analyst, Emissions Trading Scheme, NZ Environmental Protection Authority – Wellington
Sectoral modelling experts, KOBiZE – Warsaw
Advisor, NAMA Facility – Berlin
Senior Relations Manager, Climate Action Network (CAN) – flexible location
2018 Moment Project Manager, Climate Action Network (CAN) – flexible location

Or click here to see all our job adverts

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BITE-SIZED UPDATES FROM AROUND THE WORLD

Change blows – Hurricane Harvey is causing widespread destruction and flooding in the southern US, with nearly 30,000 predicted to need emergency shelter, the death toll at 10 and forecasts predict even more rain. Prominent climate scientists are confirming across US media the links between climate change and Harvey and warning of more extreme storms to come. Some analysts predict that both climate change and the cost of recovery from Harvey may create additional debates on climate change in an already-polarized country. (Climate Nexus, CNN)

Sink estate – France is working towards a voluntary labelling scheme, to be first applied to emission-offsetting projects in the forestry and agricultural sectors so far untouched by the European carbon market, writes Renaud Battin of the Info Compensation Carbon programme, run by NGO GERES. The scheme is part of France’s effort to meet its 2050 goal of carbon neutrality via  its ‘Factor 4’ climate plan whereby 25% of emissions need to be offset by developing the absorption power of natural carbon sinks. (EurActiv)

Stern task – Some 36 of 66 of the US special envoys, including the climate change role that once belonged to Todd Stern, will be abolished and their responsibilities reassigned as part of the State Department overhaul, Secretary of State Rex Tillerson told Congress. State Department officials stressed the changes don’t necessarily signal a change in priorities, in some cases the policy implications are clear: the president is pulling the US out of the Paris global climate deal. Its tasks will be folded into the Bureau of Oceans and International and Scientific Affairs. (Bloomberg)

And finally … protest power – in an effort to stoke up a so-far quiet German election debate, around 6,000 European climate change activists gathered in the country’s coal districts to block coal infrastructure, to call for an immediate phase-out” of lignite mining over the past week. Protesters blocked rail tracks and formed a human chain at a controversial open cast mine In addition to green groups and regular citizens, politicians from Germany’s Green Party also joined the chain. (Clean Energy Wire)

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