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Australia’s Prime Minister-designate Malcolm Turnbull will stick to current policy on climate change, he said after ousting Tony Abbott by 54 party room votes to 44 on Monday night, denting hopes that a change in leadership would immediately lead to a more ambitious emissions target or a carbon trading scheme for the
Quebec and Ontario have agreed to work to more closely link their carbon markets, including harmonising their rules and collaborating to develop common offset protocols, the Canadian provinces announced on Friday.
European industries are exploring how they can get a more generous share of free carbon allowances under post-2020 EU ETS reforms, including raiding a pot ring-fenced for auctioning, a seminar heard on Monday.
Business association IETA published its priorities for the Paris climate agreement on Monday, aiming to persuade countries to secure a “sound foundation” for carbon pricing by making several technical decisions in the agreed texts amid doubts among poor nations about whether such a move should be linked with more aid from rich governments.
European carbon prices dipped slightly on Monday on a softer energy complex, in a very quiet trading day that saw the benchmark EUA contract trade in a narrow 7-cent range.
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Bite-sized updates from around the world:
Governor Jerry Brown’s dreams of cutting California’s gasoline use in half and imposing a stricter limit on greenhouse-gas emissions may have died on the legislative floor last week. But they live on elsewhere. (Bloomberg)
Threats from Poland’s opposition to quit the European Union’s Emissions Trading System should they prevail in an October election are political posturing and unlikely to translate into concrete action, analysts said. (Reuters)
The Paris climate summit could fail because politicians have not grasped the urgency of the problem, climate economist Ottmar Edenhofer told the magazine Der Spiegel in an interview (in German). Edenhofer, who heads the Mercator Research Institute on Global Commons and Climate Change, said that while everybody was talking about decarbonising the world economy, in reality the opposite has happened. “We are witnessing a renaissance of coal,” he said. Edenhofer criticised the German government’s plans to put old lignite power plants in a capacity reserve as “highly inefficient.” “That’s nothing but a new, hidden subsidy for coal and therefore the opposite of what we need,” he said. Overall the long-term success of Germany’s Energiewende as a climate policy measure was still pending, Edenhofer said. (H/T Clean Energy Wire)
New York Republican Rep. Chris Gibson is planning to introduce a resolution next week that says humans are contributing to climate change, after months of patching together a group of nine additional GOP co-sponsors. (ClimateWire, $)
And finally… US Republicans are becoming the party of climate supervillains – They’ve moved beyond pure domestic policy obstruction to sabotaging international negotiations. (Guardian)
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