CP Daily: Monday July 27, 2015

Published 18:03 on July 27, 2015  /  Last updated at 01:07 on July 29, 2015  / Stian Reklev /  Newsletters

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

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UN draft climate text offers two choices for carbon markets

The latest draft of a UN climate deal offers two main options for how international carbon markets will be dealt with under a post-2020 regime, down from six alternatives as part of a streamlining of the text almost 200 nations are aiming to agree in Paris in December.

EU carbon holds above €8 as analysts eye further gains

EU carbon prices ended flat on Monday as bullish sentiment driven by an upcoming dip in auction supply offset an oil-led slump in energy prices.

Australia PM dismisses ETS proposal as “electricity tax scam”

Prime Minister Tony Abbott on Monday dismissed as a “scam” the opposition Labor party’s proposal to introduce an emissions trading scheme to cut the country’s GHG output and increase the share of renewables in the energy mix to 50% by 2030.

Clinton vows to increase share of renewables, defend Clean Power Plan

US Presidential candidate Hillary Clinton would increase the share of renewable energy in electricity generation to 33% by 2027 and defend President Obama’s Clean Power Plan, she said Sunday.

Eight Deutsche Bank staff to be charged in carbon VAT fraud probe -Der Spiegel

German prosecutors are set to lay charges against eight Deutsche Bank employees following a probe into a multi-million euro VAT fraud linked to the EU ETS, German online magazine Der Spiegel reported on Saturday.

US companies announce $140 bln of voluntary CO2 investments

The leaders of 13 major US corporations announced at least $140 billion of new investments to reduce their carbon footprint as part of a US administration initiative to get voluntary commitments from private companies.

India to set carbon intensity target in INDC -media

India’s post-2020 climate plan is set to include a target for carbon emissions intensity, adding to an outline of the country’s renewable energy strategy, the Economic Times reported Monday.

Five East African countries preparing regional climate bill -media

Five East African countries are drafting a climate bill to introduce regulations to facilitate the flow of more climate finance cash into the region, local media reported.


Job listings this week:

International Climate Policy Specialist, Green Climate Fund – Songdo, South Korea
Internship positions x2 (voluntary), Carbon Market Institute – Melbourne
Senior Climate Change Specialist, Chemonics International – Uganda
Project Manager – Digital Media, Carbon Market Institute – Melbourne
Senior Policy Analysts, Climate Change Directorate, Ministry of Environment – Wellington, NZ

Or click here to see all our job adverts


Bite-sized updates from around the world:


Japan minister to oppose two nuclear plants – Japan’s environment minister plans to oppose two new coal-fired power projects amid concerns Japan may fail to meet its target to reduce greenhouse gas emissions, the Nikkei newspaper reported. (Bloomberg)

China’s shift from coal to hydro comes at a heavy price – The government hopes hydropower can wean the country off dirty fossil fuels and meet renewable energy targets, but new dams will take a heavy environmental toll of their own. (China Dialogue)

“There is such confusion in my powers.” – Clive Hamilton sheds some light in Australia’s sudden obsession over whether a carbon tax and an ETS are the same. (The Conversation)

Later deadlines are the elements most likely to change in the final publication of US Clean Power Plan, which is expected early next month. (E&E)


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