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OUR TOP NEWS:
Almost 75% of the carbon credits issued under the UN’s Joint Implementation (JI) scheme may not represent actual emission reductions, potentially increasing global emissions by some 600 million tonnes compared to if countries had met their CO2-cut targets domestically, according to a study published by the Stockholm Environment Institute on Monday.
EU carbon prices recovered losses posted early on Monday on the back of tumbling commodity prices, as a stronger euro helped EUAs finish the day in the black.
The China Emissions Exchange in Guangzhou on Monday loosened its price control regulations for big bilateral trades in a bid to incentivise trading houses to take bigger positions in the market.
India is only responsible for a small share of historical greenhouse gas emissions and the main responsibility for cutting carbon rests with developed nations, Environment Minister Prakash Javadekar said Monday.
Job listings this week:
Intern, Governance and Programme Office, European Climate Foundation – Brussels/London
Head of Climate, Energy & Environment Policy – London
Climate change advisor, Mott MacDonald – Cambridge/East Anglia, UK
Environmental commodity junior broker, German market, STX Services – Amsterdam
Environmental commodity junior broker, Southern European market, STX Services – Amsterdam
Environmental commodity junior broker, Eastern European market, STX Services – Amsterdam
Environmental commodities, commercial internship, Polish market, STX Services – Amsterdam
Sales Associate, BNEF – New York
Environmental markets broker – Houston
Or click here to see all our job adverts
Bite-sized updates from around the world:
The world, according to former EU climate chief Connie Hedegaard, has noted Australia’s lack of ambition on climate change and is puzzled by the country’s lack of urgency. Read her column for The Guardian here.
But even after ditching its carbon tax, Australia will likely do more to address climate change than New Zealand. (Stuff.nz)
US Clean Power Plan raises carbon trading profile – There’s momentum for market-based mechanisms ahead of COP-21, according to the UNFCCC.
Gas plant output might mean no EU emission increase from fossil fuels – A number of large European utilities increased electricity production from fossil fuels in the first half of the year, but the increase in emissions could be offset by a less carbon-intensive mix. (Argus)
Washington state climate advocates are aiming at a political act never before achieved, enacting a state-level price on carbon pollution by popular vote. Carbon Washington is seeking to place a $25/tonne carbon tax on the November 2016 ballot. Read more from Daily Kos.
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