CP Daily: Tuesday July 21, 2015

Published 18:02 on July 21, 2015  /  Last updated at 01:08 on July 29, 2015  /  Newsletter  /  No Comments

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

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

 

OUR TOP NEWS:

China sees six-fold increase in carbon trading volumes despite teething issues

A total 24.7 million CO2 permits traded across China’s carbon exchanges for the 2014 compliance year, more than six times 2013’s volume, showing that the country’s pilot markets are maturing despite ongoing problems involving permit over-allocations and a lack of transparency.

 

DIALOGUE: Will post-2020 ETS reforms change the game for EU industry?

We asked several experts how they expected the proposal to affect the approach that heavy industries take to participating in the EU ETS, and what kind of effect this would have on the carbon market.

 

Vattenfall’s forward power sales, hedging rates slide in Q2

Vattenfall, Europe’s second largest GHG emitter, has sold less forward power in continental Europe while hedging a smaller proportion of it in the first half of 2015 compared to a year ago, it said in its Q2 results on Tuesday.

 

EU carbon extends 2.5-year high before profit-taking knocks prices back below €8

European carbon prices dipped on profit-taking on Tuesday after hitting a fresh two-and-a-half year high earlier in the session.

 

China’s carbon offset market growth hampered by pre-CDM dominance

The number of approved carbon offset projects in China has ballooned to 178 with a total capacity of generating 31.6 million CCERs each year, but pre-CDM projects banned in most pilot markets still account for nearly three-quarters of the projects, according to data from analysts at project developer Hetan.

 

Bite-sized updates from around the world:

France calls for compromise to reach climate change deal at December conference – France’s foreign affairs minister called for compromise on political differences to speed up progress on an agreement on climate change at a conference of representatives of 45 countries in Paris on Monday. (RFI)

Canada’s PM blocking climate reform, says Ontario premier – The leader of Canada’s biggest province has escalated her feud with the country’s prime minister, accusing Stephen Harper of obstructing efforts to fight climate change and calling on Canadians to make global warming a decisive issue in the coming elections. (Guardian)

Hillary Clinton rakes in money from fossil fuel interests – Democratic voters may think it’s time to move past the dependence on fossil fuels, but will their leading presidential candidate listen to them, or will she listen to her deep-pocketed friends in the dirty energy industry, asks Ben Adler. (Grist)

China is expected to become the world’s third-largest nuclear generating nation around 2017 pushed by its national target against climate change, according to the US Energy Information Administration (EIA). (Xinhua)

 

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