FEATURE: Countries set to spurn UN chief’s calls for more climate ambition
World leaders are unlikely to heed the UN secretary-general’s calls for countries to ramp up their Paris Agreement ambition next month, as domestic concerns and indifference from the US administration and other global heavyweights outweigh increasingly alarming evidence of a climate emergency.
Read MoreUS trade war clouds prospects for China’s climate ambition, official says
The trade war with the US and the general downturn in China’s economy is making it tougher for China to act on climate change, a senior government official said Friday, dodging questions from reporters on whether Beijing would respond to calls from the UN Secretary-General to raise ambition levels at a summit in New York next month.
Read MoreHydrogen could decarbonise global steel production with $35-50/t carbon price -report
Hydrogen could replace fossil fuels in the steel-making process and help decarbonise the sector globally almost completely by 2050 with a carbon price of around $35-50, a report said Thursday.
Read MoreChina gives regions power to impose natural resources tax
China passed legislation this week allowing local governments to impose taxes on the mining and production of a wide range of natural resources, including fossil fuels.
Read MoreCN Markets: Pilot market data for week ending Aug. 23, 2019
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreChina should consider some use of pilot ETS allowances in national CO2 market, expert says
China should consider allowing the use of some CO2 allowances from its regional pilot emissions trading schemes in the national cap-and-trade programme in order to maintain market integrity and avoid a price crash in the pilots, according to a recent study.
Read MoreCARBON FORWARD 2019 – EU renewable credit prices stumble ahead of France auction debut
**THIS IS A FREE ARTICLE** – The 4th annual Carbon Forward conference & training day features key insights from environmental markets experts.
Read MoreADB warns of major hurdles for effective carbon pricing in Asia
Asia’s ability to deploy carbon pricing instruments to reduce its greenhouse gas emissions at a lower cost remains hamstrung by regulatory shortcomings and a lack of success in attracting private sector finance, according to an Asian Development Bank think-tank.
Read MoreCN Markets: Pilot market data for week ending Aug. 16, 2019
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreChina environment ministry faces uphill battle in push for absolute CO2 cap, more climate action
China should set an absolute cap on carbon emissions from 2025 to ensure the nation meets its Paris goals, a government think-tank said in a report published on Wednesday, though observers expect resistance from the leadership on climate issues amid larger political and economical concerns.
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