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The Canadian federal government on Monday released draft legislation supporting its nationwide carbon pricing system, revealing more details surrounding proposal and opening it up for public consultation.
Allocations of carbon allowances to new and expanding companies in the EU ETS slowed again in the second half of 2017, European Commission figures show.
EU carbon prices dipped in a quiet, rangebound session on Monday, as observers gave a bearish outlook for the week ahead.
London-based exchange operator ICE on Monday published the UK 2018 EUA auction calendar, with the fortnightly sales due to kick off on Feb. 7.
Australia has issued nearly 1.7 million carbon credits over the past few weeks with the vast majority going to projects under government contract, leaving little fresh supply for the secondary market.
Non-profit certifier Gold Standard has begun to offer investors a way to measure gender equality progress in climate protection projects in the developing world, a part of its effort to broaden interest in funding development across poorer countries.
Job listings this week:
- Thought Leadership and Research Manager, Climate Disclosure Standards Board – London
- Finance Director, Climate Bonds Initiative – London
- Executive Associate, Assistant to the CEO, Climate Bonds Initiative – London
- Junior Trader, Statkraft – Amsterdam
- Marketing and Communications Intern, First Climate Markets – Bad Vilbel, Germany
- Public Financial Management Expert, Cambodia Climate Change Alliance – Phnom Penh
Or click here to see all our job adverts
BITE-SIZED UPDATES FROM AROUND THE WORLD
Cost competing – New onshore wind and solar energy projects are set to deliver electricity more cheaply than fossil fuels within two years, according to analysis from the International Renewable Energy Agency (IRENA). It expects renewables will cost between $0.03-0.10/kWh by 2020, while the current cost spectrum for fossil fuel power generation ranges from $0.05-0.17. The report also notes that since 2010, the cost of generating power from onshore wind has slid by a quarter, while solar PV electricity costs have fallen by 73%. (AFP)
Cash for clean – The European Commission has opened a consultation seeking views on how how the post-2020 EU ETS Innovation Fund should be designed to best help EU heavy industry decarbonise. Its scope will be extended beyond the power sector to industrial sectors, with its initial EUA inventory coming from free allocation and auction pots set at 400 million. The consultation runs through Apr. 10.
Up for sale – The City of Lawton, Oklahoma is offering for sale an undisclosed number of Climate Action Reserve carbon credits (CRTs) from a landfill gas project. Bidding will start at 1400 local time on Jan. 30. More details can be found here, including how to register interest or request the bid plans.
Brux speak – Brokers Vertis are holding an EU ETS Workshop in Brussels, Jan. 24 from 2-6pm, including guest speaker ETS expert official Yue Dong of the French government who will cover Phase 4 reforms.
Forest carbon conference, eh! – The Nova Scotia Landowners and Forest Fibre Producers Association (NSLFFPA) and Cape Breton Privateland Partnership (CBPP) are organizing a Mar. 7-8 event that will explore how woodlot owners and forest operators may be able to use the sale of carbon offset credits to help finance improved forest management. The conference is open to woodlot owners, contractors, and anyone with an interest developing carbon markets to influence forest management in Canada’s Maritime provinces.
And finally… Carbon, pacified – A new paper published in the journal Economy and Society scrutinizes how greenhouse gases are ‘pacified’ so that they can become tradable in the carbon markets, arguing that the diverse modes of carbon accounting and, in particular, carbon measurement – the most basic step – are overlooked and undertheorized. It goes on to say that even measurement standards at coal-fired power plants – one of the most ‘cooperative’ types carbon – face significant uncertainties that pose challenges for the marketization of carbon emissions. “While human actors work to cope with these uncertainties, the contours of the market are ultimately constrained by carbon’s materiality.”
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