A daily summary of our news plus bite-sized updates from around the world View this email in your browser
Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Subscribe here
*TOP STORIES: CARBON FAST FORWARD ONLINE* “More likely” standalone UK ETS starts with lower prices than EUAs
The UK is more likely to next year launch a standalone ETS rather than one linked to the EU scheme, and as such prices are expected to be far lower than in the continental market, a conference heard on Thursday. Most EU ETS industries face maximum tightening of free allocation, says German official
Most EU ETS-covered industries are likely to face the maximum possible tightening of their free allocation benchmarks over the next five years, a German government official said Thursday. COVID crisis enables higher EU climate ambition, say experts
The coronavirus pandemic is making it easier for the EU to raise its 2030 emissions target and tighten the ETS cap due to energy market dynamics and stronger political will, experts told the Carbon Fast Forward Online conference on Thursday.
*EMEA* EU Market: Speculator sentiment launches EUAs to four-month high
European carbon prices spiked by 8% to a four-month high on Thursday on speculative buying, a bullish auction result, and as positive coronavirus news out of China helped lift wider markets, sending EUAs above their 200-day moving average for the first time since late last year. Danish conservatives press on government to set carbon tax despite virus concerns
Pressure is mounting on the Danish government to introduce a carbon tax to help achieve the country’s emissions reduction targets, despite its climate minister ruling out the idea amid coronavirus concerns.
*AMERICAS* NA Markets: California allowances fall below the floor price, as RGGI hits reserve trigger price
California Carbon Allowance (CCA) values dipped beneath the 2020 WCI floor price this week amid increased selling, while RGGI allowances (RGAs) rose toward the Emissions Containment Reserve (ECR) trigger price on bullish outlook. US EPA receives 52 “gap filling” RFS compliance waiver petitions
Obligated parties under the Renewable Fuel Standard (RFS) have submitted 52 compliance waiver applications in order to sidestep a federal court ruling this year that could otherwise pare back the EPA’s small refinery exemption (SRE) programme, agency data showed Thursday. Mexico’s Jalisco to implement carbon tax in 2021
The governor of Jalisco announced this week that the jurisdiction will apply a CO2 levy starting next year, becoming the latest Mexican state to forge ahead on carbon pricing.
*INTERNATIONAL* IEA outlines sustainable COVID-19 recovery plan to cut emissions, grow green jobs
The International Energy Agency on Thursday outlined a $3 trillion coronavirus recovery plan that it says will reduce global 2023 GHG emissions by 4.5 billion tonnes of CO2e below BAU levels, all while adding to economic growth and saving or creating millions of jobs.
*BITE-SIZED UPDATES FROM AROUND THE WORLD*
*Warsaw says ‘nie’* – Poland will again reject on Friday the European Commission’s proposal to earmark a portion of EU ETS revenues for the bloc’s seven-year budget, its development minister Jadwiga Emilewicz has said
*Capitals takeover – *The mayors of the Visegrad 4 capital cities – Bratislava, Budapest, Prague, and Warsaw – signed a letter this week
*Rescue strings -* EU Parliamentarians have approved a sustainable finance “taxonomy”
*Start spending* – New Zealand Green Investment Finance (NZGIF), a government green fund set up in Dec. 2018, has made its first investment, ploughing NZ$15 million into cleaning up operations at the port in Wellington, reports Stuff
*FERC CO2 price conference – *The US Federal Energy Regulatory Commission (FERC) on Wednesday accepted a request from a broad coalition of renewable energy groups and independent fossil fuel generators to hold a technical conference to examine carbon pricing
*And finally…* *Can’t take the heat* – A prolonged heatwave in Siberia is “undoubtedly alarming”, climate scientists have said
*Got a tip? Email us at firstname.lastname@example.org <email@example.com>* *Carbon Pulse*
*Our mailing address is:* Carbon Pulse 70 Royal Hill London, SE108RF United Kingdom
Add us to your address book
unsubscribe from this list