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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 8 min ago
CP Daily: Thursday May 16, 2019
A daily summary of our news plus bite-sized updates from around the world.
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Climate Journalist/Writer, World Resources Institute – Washington DC
We're hiring an in-house Climate Journalist/Writer to produce outstanding content that maximizes the impact of our research and initiatives to advancing ambitious climate action globally, and through our offices in the United States and around the world.
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G7 Policy Lead on Emissions Trading, BEIS – London
The UK's Department for Business Energy & Industrial Strategy (BEIS) is looking for a G7 policy adviser to manage a high performing team, delivering a high profile workstream of the Department's work on emissions trading that cuts across policy design and carbon pricing elements of EU Exit negotiations.
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Virginia set to publish finalised cap-and-trade regulations despite governor’s actions
Virginia’s cap-and-trade regulations will be published in the state’s registry later this month and will take effect 30 days after, despite Governor Ralph Northam’s (D) decision to sign into law budget amendments that complicate the US state’s ability to implement the final rule.
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NA Markets: California allowances rise ahead of auction, RGGI climbs on thin volume
California Carbon Allowance (CCA) prices rose throughout the week despite entities shifting their focus to the second quarterly WCI auction, while RGGI allowances (RGAs) found bullish support amid relatively small volume.
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Six US states could cut emissions through RGGI-style carbon markets –study
A group of east coast and Midwestern US states could utilise cap-and-trade programmes modelled after RGGI to help slash power sector emissions as they ramp up their commitment to climate action, a study found Wednesday.
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EU Market: EUAs slide 1.5% back below €26 as gas, auction weakness weigh
EU carbon prices slipped on Thursday to give back most of the previous session’s gains as a weak auction and softer gas prices deterred bulls.
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Oregon to hold Credit Clearance Market for Clean Fuels Program on June 1
Oregon’s Department of Environmental Quality (DEQ) will hold a Credit Clearance Market under the state’s Clean Fuels Program (OCFP) next month for entities that did not meet the low-carbon fuel standard’s 2018 compliance deadline.
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EUA auctions by non-EU states to start June 3
Long-awaited EU carbon auctions by the three non-EU states that participate in the bloc's ETS will commence on June 3, sale host EEX announced late Thursday, and will add up to 20.6 million tonnes this year’s auction calendar.
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EU ETS looms larger in company decisions as surpluses dwindle -survey
While the EU ETS is becoming more of a driver for emission cuts, it is also heightening competitiveness concerns as fewer firms hold a surplus of allowances amid rising prices, a survey found.
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Tokyo extends post-2020 ETS emission targets to near current levels
The Tokyo municipal government will require facilities covered by its emissions trading scheme to cut CO2 emissions 25-27% below their baseline levels over the next five years, although most of the market participants have already achieved carbon cuts in that range.
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Second NZ ETS reform package provides little clarity
New Zealand on Thursday released another batch of decisions on reforming its emissions trading scheme, focusing on transparency and compliance, but provided no clarity on major market-moving issues.
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CP Daily: Wednesday May 15, 2019
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
Canadian Conservative climate plan to lean more on int’l offsetting, leader suggests
Canadian federal Conservative leader Andrew Scheer has suggested his party's long-awaited climate plan will aim to hit the country's Paris Agreement targets by relying more on the purchase of international offsets compared to domestic abatement spurred by carbon pricing.
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Oregon intends to move ETS bill out of committee Friday
Oregon Democrats are planning to approve a WCI-modelled cap-and-trade bill out of committee on Friday with additional technical amendments to the proposal, the bill’s author told Carbon Pulse.
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Environmental groups push back on cap-and-trade option for TCI
Environmental justice groups urged 10 US jurisdictions to explore options outside of a cap-and-trade programme to regulate emissions from the transportation sector, claiming that model would not guarantee reductions in disadvantage communities.
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Germany should seek EU reforms to allow more aid to ETS industries, think-tank urges
Germany should push for reforms to loosen EU state aid rules and enable the government to provide more support to EU ETS-covered heavy industries, a prominent environmental think-tank has proposed.
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EU Market: EUAs lift closer to €26 after recovering on Trump trade bounce
EUAs briefly climbed back above €26 on Wednesday, recovering in another afternoon surge after wider financial markets celebrated US President Donald Trump appearing to soften his line on EU trade tariffs.
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US agriculture secretary may support carbon market for farmers -report
US Secretary of Agriculture Sonny Perdue could back a carbon market for the sector to stimulate more revenue for farmers, and an upcoming appropriations bill may urge his agency to research the development of that option, a federal congressperson told a news outlet.
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New CEO group calls on US govt to enact economy-wide carbon price
A new coalition of multinational fossil fuel and industrial CEOs, environmental groups, and think tanks issued a call Wednesday for the US Congress and President Donald Trump to enact a market-based climate policy, coming alongside several other principles for driving emission reductions and promoting equity and durability.
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