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OUR TOP NEWS:
The European Commission is considering forming regional clusters of member states to be collectively bound to meet EU-wide 2030 targets for renewables and energy efficiency, Germany’s Frankfurter Allgemeine Zeitung (FAZ) newspaper reported on Monday.
EU carbon prices slipped towards €8 on Monday in very thin trade hampered by a UK public holiday and the lack of a government auction.
German utility RWE, Europe’s biggest emitter, has had its credit rating downgraded by S&P due to the prospect of higher CO2 prices and its fossil fuel-burning power output being crowded out by renewables.
In New Zealand, the NZ ETS is the sole instrument used to reduce emissions. About 90% of emissions surrendered in recent years have been foreign Kyoto units, and the flood of these super cheap units effectively inverted the market’s intended function of ‘pricing carbon so as to reduce emissions’ to ‘paying the polluters’ and providing opportunities for a raft of arbitrage scams. The emitters made money and the environment missed out.
Two lawmakers in New York’s State Assembly last week introduced a bill to impose a carbon tax on fuels used for electricity generation, transportation, heating, cooling, and in industrial processes.
(Audio report) It seems to be part of human nature to want to belong to a group. People constantly form groups, in all kinds of situations, and high-stakes negotiations on climate change are no exception. Ever heard of the Umbrella Group? Or the Like-Minded Developing Countries? How about the Group of 77? (Here’s a hint — it doesn’t actually have 77 countries.)
Job listings this week:
Risk Analyst, Gas, Power & Emissions – London
Originator, CO2 Trading, Shell – London
Representative, Climate & Energy Program, Union of Concerned Scientists – Washington DC
Junior Sales Executive, Redshaw Advisors – London
Climate finance internship, E3G – London
Short-Term Advisory Contract, Climate Friendly – Sydney
Working Student 16h/week, Climate Advisory & Projects, Allianz – Frankfurt
Head of Implementation, South Pole Group – Jakarta
Senior Consultant Climate Change & Forestry, South Pole Group – Medellin/Mexico City
Researcher, Counter Culture – London
Executive/Senior Executive (Energy & Climate Policy), Environment Ministry – Singapore
Or click here to see all our job adverts
Bite-sized updates from around the world:
‘Growing concern’ over German coal reserve legality: There is mounting concern within Germany’s economy ministry that its coal reserve plan is n breach of EU state aid rules. (Der Spiegel, in German)
UN climate talks resume divided, but with hope for Paris deal: Chances that governments will work out a UN accord to combat climate change in December seem brighter than in the run-up to a failed attempt in 2009, experts said as delegates from almost 200 nations met for week-long talks on Monday, hoping to bridge deep divisions. (Reuters)
Indonesia to strength climate effort in INDC: The coal producing nation is looking to increase its 2020 emission pledge of a conditional -26%/-41% 2020 goal in its INDC due mid-Sept, according to Rachmat Witoelar, President Joko Widodo’s special envoy for climate change. (Reuters)
As US states begin the long task of reducing GHGs from electric power plants to comply with new federal climate policy, a 27-year low in CO2 emissions recorded earlier this year shows the U.S. may be well on its way to meeting its goals. Climate Central reports.
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