CP Daily: Wednesday August 5, 2015

Published 16:38 on August 5, 2015  /  Last updated at 18:23 on August 5, 2015  /  Newsletter  /  No Comments

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

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OUR TOP NEWS:

BRIEFING: In or out? Poland approaches EU climate crossroads

Poland could seek to opt out of EU climate policies altogether next year as its influence wanes in Brussels and the poll-leading opposition takes an even harder line.

EU carbon slides further despite auction cull

Benchmark EU carbon prices continued to slide on Wednesday, dropping below two technical support levels to end beneath the previous week’s floor on modest trade of less than 7 million units.

Australia to hold second ERF auction on Nov. 4-5

Australia will hold its second auction under the Emissions Reduction Fund (ERF) on Nov. 4-5, the Clean Energy Regulator announced Wednesday.

Australia’s electricity emissions rise at quickest pace in a decade

Carbon emissions from Australia’s electricity generation sector over the past two months rose at the quickest pace since 2004, as coal replaced renewables and natural gas in the mix, a report said Wednesday.

 

Bite-sized updates from around the world:

How Obama’s Clean Power Plan actually works: a step-by-step guide – Brad Plumer explains how the CPP rules were set and how it will work. (Vox)

Climate Progress outlines how western US states could work together to comply with the Clean Power Plan, if not by setting up or joining a formal carbon market, but by allowing utilities to co-operate under the plan’s “trade-ready” format.

Indonesia reignites REDD+ to meet 2017 target – After being dormant for half a year due to the abolishment of the National Emissions Reduction from Deforestation and Forest Degradation Agency, the government is reigniting Indonesia’s REDD+ agenda as it commits to fully implementing plans by 2017. (Jakarta Post)

Macedonia has become the 51st party to submit its INDC, pledging a 30% cut under BAU levels by 2030, or 36% under a higher ambition scenario. The document said this would mean limiting emission growth to 31% or 20% respectively versus 1990 levels, compared to a 87% increase to 18 million tonnes GHGs under BAU. It said it was open to the use of markets, pending clarity at UN level. Check out our INDC Tracker

Climate change doesn’t have borders, so why should the response? Asks IETA’s Dirk Forrister in a blog post setting out the case for carbon markets in a Paris climate deal.  “Explicit mention of markets in the final text would embolden those that are still considering options, while recognising efforts already underway. With so many systems in place, it is vital that the future climate change framework account for these reductions,” he said. (BusinessGreen)

Negotiators working on a global climate change plan have “considerable common ground” according to a five-page review of recent discussions published by the French and Peruvian governments. The paper says countries are reaching agreement on having INDCs reviewed every five years but the goals themselves may only need to be increased every decade. (RTCC)
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