CP Daily: Monday June 29, 2015

Published 18:59 on June 29, 2015  /  Last updated at 01:13 on July 29, 2015  /  Newsletter  /  No Comments

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

**Carbon Pulse has launched an INDC Tracker. Click here to check it out**

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OUR TOP NEWS:

DIALOGUE: How will a ‘Grexit’ impact EU carbon prices and the wider ETS?

Carbon Pulse asked a handful of European emissions analysts what Greece’s exit from the eurozone would mean for EU carbon prices and the wider Emissions Trading Scheme.

 

EU carbon follows other markets lower on Grexit worries

European carbon prices tumbled on Monday, pulled lower as global markets slumped on news that Greece had ordered its banks shut until after next weekend’s snap referendum on the debt-riddled country’s bailout package.

 

EU nations should peg CfDs to carbon prices to raise CCS cash -Sandbag

European nations should subsidise CCS project by agreeing Contracts for Difference pegged at EUA prices to provide stable investment in the fledgling technology, environmental campaigners Sandbag said on Monday.

 

Hubei postpones ETS compliance deadline to July 10

The Hubei provincial government has notified companies in its ETS that a new compliance deadline under the scheme is July 10, more than a month later than the original deadline, information provider Crystal Carbon said Monday.

 

Broad alliance urges clarity, ambition in Australian climate policy

A broad alliance of Australian business, industry and civil society groups on Monday urged the government to provide a stable climate change policy that would provide for deep emission cuts and access to the international offset market.

 

WCI market: CCAs ease in light trade as mild weather curbs utility demand

California carbon prices pulled back slightly during a week that saw three successive days of no trading for the front-year contract.

 

Platts bins annual carbon market conference

News and information provider Platts has cancelled the emissions trading conference it has held every September in Brussels, sources said.

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Job listings this week:

Energy research sales executive, Energy Aspects – Singapore
Energy Analyst, World Coal Association – London, UK
Carbon Analyst – West Midlands, UK
Energy Analyst, Lewis Davey – near Oxford, Reading & Swindon, UK
Energy Analyst – London
Junior Analyst, Utilities Markets, ICE – London, UK
Energy and Carbon Compliance Analyst, Schneider Electric – London, UK
Investment Analyst, Camco Clean Energy – London, UK
CDM Officer, Thai Biogas Energy Co. – Bangkok
COP 21 Logistics Intern, CAN – Paris

Or click here to see all our job listings

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Bite-sized updates from around the world:

Those expecting an announcement of China’s INDC at the Brussels EU-China summit were disappointed, though China’s Premier Li Keqiang did confirm China will submit its INDC by end of the month, i.e. tomorrow.

Meanwhile, environment ministers from across the world were gathered at a separate high-level meeting in New York convened by UN chief Ban Ki-moon, who told them he was frustrated by the “snail’s pace” of negotiations over a new global climate pact.  Hoping that today’s talks will add momentum to the process, he added that the national pledges received so far “will not be enough to place us on a 2 degrees C pathway.

Why the Obama-Rousseff meeting this week is so important for climate change. (Washington Post)

Does Australia have a workable climate policy? Can Australia meet its future emission target using the Emissions Reduction Fund, Lenore Taylor asks professor Ross Garnaut and Frontier Economics’ Danny Price in this podcast. (Guardian)

ANALYSIS-Oil companies played hardball in bid to defeat climate outsiders – Petty legal filings. Diversionary ballot measures. Counting abstentions as no votes. These are just some of the tactics U.S. oil companies used this spring to quash efforts by investors to win the right to nominate climate experts for board seats. (Reuters)

Pope Francis recruits Naomi Klein in climate change battle – Social activist ‘surprised but delighted’ to join top cardinal in high-level environment conference at the Vatican (Guardian)

How Canada and the U.S. can lead together on climate change – With fossil fuel production going strong on both sides of the border, Canada and the United States face similar challenges in balancing energy and economic priorities with the urgent need to reduce climate-altering greenhouse gas emissions. (Globe & Mail)

Pakistan will seek technical support from China to help fulfil its plan “in the next couple of years” to launch local carbon markets and has started hiring experts, according to Arif Ahmed Khan, Secretary at the Ministry of Climate Change. But environmental campaigners doubt the government is capable (RTCC). More on Pakistan’s plans from Carbon Pulse earlier this month here.

 

Got a tip?  Email us at news@carbon-pulse.com

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