CP Daily: Monday August 17, 2015

Published 18:25 on August 17, 2015  /  Last updated at 18:38 on August 17, 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:

EIB proposes to extend shadow CO2 price to 2050, keep climate spending ratio

The European Investment Bank (EIB) has proposed to extend its shadow carbon price on which it bases its investments by 20 years to 2050, but doesn’t want to increase the proportion of its lending towards tackling climate change.

China to streamline offset market with central eligibility rules

The national government will set the rules for the eligibility of offset credits when China launches its national carbon market, the 21st Century Business Herald reported, putting an end to regions with vastly differing rules on which CCERs can be used to meet emission targets.

EUAs slip from 2.5-yr high as analysts flag RSI warning

EUAs dipped on Monday to give back a small part of last week’s 7% gain that saw a 33-month high extended three times, as analysts warned that the units looked overbought.

Hubei carbon exchange offers fee waiver to attract members

The Hubei carbon exchange is offering to waive fees for trading houses and out-of-province emitters that sign up as members before Sep. 30, in what may be seen as a move to strengthen its bid to play a part in China’s national emissions market.

WCI market: Volume drains as traders brace for quarterly auction

CCA trading nearly ground to a standstill last week, reflecting what brokers say has become a recurring trend ahead of the WCI ’s quarterly auctions.

Bite-sized updates from around the world:

New Zealand to publish 2014 ETS reports: New Zealand’s environment agency will on Thursday publish three annual review reports on the operation of the NZ ETS last year. (NZ EPA)

‘Mini-volcano’ Christiana Figueres: The UN climate chief is interviewed at length in The New Yorker magazine about the prospects for a Paris deal that can stave off global warming.

How to tell if an INDC is any good: Washington-based think-tank World Resources Institute has offered its views on how to decode the worth of an INDC, including six key questions to ask. (Ecosystem Marketplace)

All the INDCs to date are listed in our INDC Tracker.

German climate activists target RWE mine: 800 of 1,200 activists entered RWE’s open cast lignite mine of Garzweiler, in North-Rhine Westphalia, on Saturday, halting operations.  (Clean Energy Wire summarises German press reports)

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