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OUR TOP NEWS:
Utility RWE sold roughly the same amount of power but hedged a considerably larger proportion of it over H1, it said in financial results on Thursday, a move that could mean its EUA demand will tail off over the rest of the year.
Prosecutors have charged seven bank employees and one former employee, media reported on Thursday, without naming the company.
EU carbon prices climbed to €8.26 early on Thursday, extending the previous session’s 2.5-year high by three cents.
Germany’s plans to pay for coal-fired power plant to be held in reserve may breach EU subsidy rules, according to independent legal experts for the country’s parliament, Reuters reported, citing a document.
The New Zealand government this week began its 100-day Kyoto Protocol true-up process that is likely to mean traders holding potentially millions of UN-issued offsets will see their assets cancelled.
California regulators awarded 4 offset projects a total of 1.25 million CCOs on Wednesday to swell by 5.8% the total offset credits issued or cleared for compliance by the state to 22.8 million.
Australia’s Labor leader Bill Shorten will on Friday pledge to dismantle the government’s ERF if he wins next year’s election, according to local media reports.
Tianjin’s carbon market will be closed from Friday until further notice, the local carbon exchange said in a statement Thursday after two explosions in an industrial area killed at least 44 people.
Bite-sized updates from around the world:
Australia INDC panned: Why Tony Abbott’s climate ‘strategy’ is several different kinds of stupid – Most of the Coalition’s planned emission cuts to meet its new 2030 target come from yet to be detailed measures. Any serious assessment is impossible in this policy void. (Guardian)