COMMENT: Australia on path to market-based climate approach – after the election
Whoever wins the upcoming July 2 election in Australia will need to work with business to set out a path that will ensure the country meets its obligations under the Paris Agreement and a market-based approach will be key, writes the Carbon Market Institute’s Peter Castellas.
Read MoreCOMMENT: Using auctions to support climate and development outcomes
Auctions are ubiquitous. On any given day, somewhere in the world, bidders compete for energy, wireless spectrum, used vehicles, agricultural products – the list goes on. Auctions can help resolve uncertainties in the market, convening buyers and sellers to help them achieve the best possible price for goods or services that are otherwise difficult to value.
Read MoreCOMMENT: Finding the best cure for a “hot air” hangover
The New Zealand ETS may suffer from an ERU hangover, but it should not be dealt with in a way that could have unfair outcomes or undermine market confidence, argues Catherine Leining of Motu Economic and Public Policy Research.
Read MoreCOMMENT: Beware the ‘bid plateau’ at ERF III – The risk of bidding the average price
RepuTex’s Hugh Grossman and Bret Harper look at bidding strategies for Australia’s third Emission Reduction Fund (ERF) auction, which takes place on Apr. 27-28.
Read MoreCOMMENT: Resuscitating the EU ETS
The EU ETS is still in a dire predicament, argues Sanjeev Kumar of Brussels-based Change Partnership, but he has a solution to fix it.
Read MoreDIALOGUE: Will France’s ETS price corridor plan gain traction amongst EU lawmakers?
France is circulating an informal proposal that would introduce a “soft collar” for carbon allowances, with a reserve price at government auctions and a ceiling price some 3-6 times that. Can the idea gain traction amongst EU lawmakers, and what are chances that they will once again attempt to address low EUA prices?
Read MoreCOMMENT: What do the latest revelations about Australia’s land clearing mean for post-Paris carbon accounting?
With Queensland carbon emissions ballooning after the recent land clearing boom it appears as though the Australian government, which was at the forefront of the negotiation of the Paris Agreement and seen as an international leader in land-based carbon techniques, has created a huge headache for itself.
Read MoreCOMMENT: Tax off, eh! Moving beyond a national carbon price in Canada
Last week, Premiers of Canada’s provinces and Prime Minister Justin Trudeau failed to agree on a national approach to carbon pricing. If you care about climate change, that was a good outcome.
Read MoreCOMMENT: What does South Africa’s 2016 budget mean for implementation of the carbon tax?
South African Finance Minister Pravin Gordhan did not mention the proposed carbon tax in his Budget Speech delivered on 24 February 2016. Curiously, given the emotion that has surrounded the idea of the tax since 2010, when it was first formalised in a Treasury discussion paper, commentary on the implications of the Minister’s apparent omission has been muted or non-existent. This article by law firm ENSafrica seeks to remedy the silence.
Read MoreCOMMENT: Governance is key for pricing carbon in China
A well-functioning national Chinese carbon market would not only deliver verifiable emissions reductions at lower cost, it would also elevate domestic market infrastructure with higher operational standards, but good governance will be crucial.
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