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OUR TOP NEWS:
France passes sweeping energy bill, to raise CO2 tax to €100/t by 2030
French lawmakers passed a sweeping energy bill late on Wednesday that will both raise the country’s domestic carbon tax to €100/tonne and cut its fossil fuel consumption by 30% by 2030, while reducing its reliance on nuclear power by a third within a decade in favour of more renewables.
California’s early action offset backlog not shifting despite new ARB hires -sources
Participants in California’s carbon offsets market are concerned the state Air Resources Board (ARB) is moving too slowly to clear a backlog of early action credits despite hiring more staff.
EU carbon steady below €8 after weak auction
European carbon prices steadied just under €8 on Wednesday after sliding earlier following a weak auction result.
Iberdrola cuts EU coal-fired generation by 10% y/y as overall power output falls
Spanish-headquartered utility Iberdrola produced less coal-fired power at its EU operations in the first half of 2015 compared to last year, but reported a higher ratio of CO2 per KWh in its generation mix.
COMMENT: Record spike in ERF registrations – auction looming or nervous twitch?
Over the past three weeks 73 projects have been registered under the Emissions Reduction Fund (ERF), a new record for project registrations under both the ERF and the former Carbon Farming Initiative (CFI) schemes – at more than 2.5x the previous monthly registration high of 28 – set in March 2015, just prior to the first ERF auction. A sign of things to come?
China’s Fujian to trade energy saving credits
China’s southeastern Fujian province will set up an energy savings credit market for electricity producers and manufacturers that consume more than 5,000 tonnes of standard coal per year, state media reported.
Eneco carbon trading head leaves for UK-based renewables firm Good Energy
Eneco head of carbon trading has left the firm to become director of wholesale & trading with UK-based renewable energy provider Good Energy, he told Carbon Pulse.
Bite-sized updates from around the world:
China’s anti-pollution drive starts to bite on sales of coal – China’s push to ease its reliance on coal and the fossil-fuel pollution choking Beijing’s skies has started to hit sales of coal from the nation’s biggest supplier. (Bloomberg)
China to become 3rd largest nuclear generating country around 2017, said the US Energy Information Administration on Monday. (Xinhua)
Bill Shorten to unveil 50% renewable energy target at Labor conference – Opposition Leader Bill Shorten is set to unveil a bold climate policy goal requiring half of Australia’s large-scale energy production to be generated using renewable sources within 15 years. (Fairfax)
Colombia has pledged to cut its GHG emissions by at least 20% below BAU levels by 2030, but further details surrounding the country’s INDC, which will reportedly be officially published at the end of August, remain unclear. Click here to see Carbon Pulse’s INDC Tracker.
The decreases in the United States’ carbon dioxide emissions are due mainly to the economic recession, not a switch away from coal use, a new study concluded. (The Hill)
Mayor Bill de Blasio pledges to cut New York carbon emissions by 40% by 2030 – De Blasio among several US mayors at Vatican climate change summit, says papal encyclical “is not a call to arms, it is a call to sanity”. (Guardian)
Global warming deniers are an endangered species, writes Dana Nuccitelli in a blog for the Guardian.
And finally… Here’s where to buy a house in the US that will be resilient to climate change (You should probably avoid Miami and New Orleans) – Want to keep the worst impacts of climate change from unfolding in your backyard? You’ll have to be strategic about where you live, which is why we asked climate change experts to name the most geographically resilient places in the country. (Time)
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