CP Daily: Tuesday June 23, 2015

Published 20:00 on June 23, 2015  /  Last updated at 20:26 on June 23, 2015  /  Newsletters

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

Presenting CP Daily, Carbon Pulse’s daily newsletter. It’s a free summary of our top news plus bite-sized updates from around the world.

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Knives come out for Australia’s reported climate target

Criticism is building against Australia’s government amid media reports the past two days suggesting Canberra could opt for a post-2020 climate target along the lines of what has been pledged by the US or Canada.


South Korea posts modest 2014 drop in GHG emissions

South Korea’s greenhouse gas emissions fell 0.6% in 2014, according to preliminary government data, leaving the East Asian nation with the stiff task of cutting GHG output 22% over the next six years to meet its 2020 target.


EU carbon holds up despite bearish factors

European carbon prices held their ground on Tuesday despite a collection of bearish factors including a weaker euro, receding gas prices and a multi-month low in German dark spreads.


Shanghai allows trading of borrowed CO2 permits to boost liquidity

Shanghai carbon traders will be allowed to borrow CO2 allowances from ETS participants and trade them in the market, the local carbon exchange announced Tuesday, in an attempt to infuse some liquidity into the market.


Global carbon price “corridor” key to mobilising climate finance -French commission

Introducing a global carbon price “corridor” is one of ten recommendations put forward by a commission assembled by French President Francois Hollande and tasked with advising the government – hosts of this year’s high-level climate summit – on how to scale-up international climate funding at the talks from both public and private sectors.


Four UK-based directors disqualified over £3.2m carbon credit scam

Four men have been disqualified from acting as directors in the UK for 14 years for their part in a £3.2 million carbon credit scam, the British government’s Insolvency Service said on Monday.


Bite-sized updates from around the world:

ICAP Quarterly is out! Click here for the organisation’s quarterly summary of global trends in emissions trading, as well as an update on its activities and events.

How the European Oil Industry Decided to Save the Climate – Bloomberg takes a look at the process that led to six of Europe’s major oil and gas firms pledging to act on climate.

The climate question in EU-China talks – When the European Union’s top foreign policy officials sit down with their Chinese counterparts in Brussels at the end of the month, investors managing trillions of dollars of assets will be watching closely. (Nikkei Asian Review)

Even the pope gets it: carbon markets won’t fix the climate – As we approach the 2015 UN climate conference in Paris, carbon markets just won’t go away – even despite the fact market solutions actively hinder our ability to make serious emissions cuts, Steffen Bohm, Gareth Bryant and Siddhartha Dabhi argue in this op-ed. (The Conversation)

GOP paints bull’s-eye on Clean Power Plan with week of votes and hearings – Capitol Hill Republicans will use President Obama’s flagship carbon dioxide rule for target practice this week, as the House considers two bills on the floor that would prevent U.S. EPA from implementing its Clean Power Plan while the Senate and House each holds a hearing to highlight its costs. (Environment & Energy)

Click here to read The Hill’s take, and here to read International Business Times’.

Appalachian Democrats Attempt to Obama-Proof Their Coal Credentials – How do you convince coal-state voters that you support your state’s energy industry while the national party hits it with a host of new regulations? (National Journal)

Namibia’s carbon tax to be lower than South Africa’s – Namibia’s proposed carbon tax, which will be presented to Cabinet in two weeks’ time, will be lower than that proposed in neigbouring South Africa. (AllAfrica.com)

Our fossil fuel addiction harms us as well as the planet – Driving cars and eating too much red meat damage more than your carbon footprint. Curbing our carbon habit wouldn’t just help us ward off the worst of climate change – it would also make us healthier, according to a panel of health researchers. (New Scientist)

And click here for the report’s 10 recommendations to governments on how to improve public healthy by dealing with climate change. (ABC)

Green Groups Respond To Black Chamber Of Commerce Objections To CPP – Environmental groups are sounding off on the Black Chamber of Commerce for their criticism of the EPA’s Clean Power Plan, which aims to reduce carbon dioxide levels. The BCC says the plan will raise the utility costs to poor and Black families. (Madame Noire)

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