Australian ministers agree to develop NEG policy package, but major issues remain unsolved
State energy ministers in Australia on Friday agreed to let the Energy Security Board (ESB) continue work on the country’s National Energy Guarantee (NEG), which would introduce a carbon price signal in the electricity sector, but they remained concerned over the programme’s weak climate ambition.
Read MoreWorld Bank announces new carbon pricing coalition co-chair, high-level competitiveness forum
The Carbon Pricing Leadership Coalition (CPLC) on Thursday named a new co-chair, while the group’s managing body the World Bank announced a high-level forum on carbon pricing and competitiveness amid the release of a report on decarbonising the global power and chemicals sectors.
Read MoreWRI: What’s changing as countries turn INDCs into NDCs? Five early insights
Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.
Read MoreGlobal carbon pricing revenues up 45% in 2017 as spending choices differ -report
Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday.
Read MoreBusiness groups urge leaders to keep Australia’s NEG alive
A group of major Australia’s business groups and other organisations on Wednesday urged state leaders to not ditch the proposed National Energy Guarantee (NEG) at a crunch meeting later this week.
Read MoreNZ names experts to assess whether agriculture should be brought into ETS
New Zealand on Tuesday established its Interim Climate Change Committee, which will explore whether and how to bring agriculture into the nation’s emissions trading scheme.
Read MoreAustralia’s Labor embraces NEG changes, still opposes ‘weak’ CO2 target
Australia’s main opposition party on Tuesday embraced draft changes to the National Energy Guarantee (NEG) it said would make the policy work like an emission intensity trading scheme, but maintained that the government-set emission target and approach to state renewable goals were unacceptable.
Read MoreAustralia govt won’t budge on key NEG elements
Australia’s federal government over the weekend issued a new discussion paper on the National Energy Guarantee (NEG), shrugging off massive criticism to stand firm on the scheme’s overall emissions ambition, its approach to state-based renewables targets, and the use of carbon offsets.
Read MoreIMO adopts deal to cut shipping emissions at least 50% by 2050
Governments at the International Maritime Organisation (IMO) on Friday adopted an initial strategy to address international shipping emissions, including setting a 2050 target to cut emissions by at least 50% under 2008 levels.
Read MoreAustralia keeps up above-average ACCU issuance, but project registration halts
Australia’s Clean Energy Regulator this week handed out over 285,000 carbon credits, but no new offset projects sought registration despite the deadline for joining the next ERF auction being just a week away.
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