Thursday, May 6, 2021

ACCEB Daily Briefing – May 2nd

Despite a 4-year low output from OPEC countries, oil prices fell due to growing US production that led to the highest stockpile level since 2017. Spain’s pro-climate socialist won the election with 123 seats out of the 350-seat Congress. Korea's Environment Ministry issues report on its ETS results for Phase 1('15~'17) British Steel is rescued with a government...

ACCEB Daily Briefing – Apr 29th

Gazprom announced plans to start gas supply to China in the third quarter of this year. Russia’s largest LNG producer Novatek announced that it will sell 20% shares of the Arctic LNG 2 project to two Chinese companies in the coming months. Putin said that OPEC+ states will stick to agreements to cut production. California restaurants will ask...

ACCEB Daily Briefing – Apr 26th

UN Secretary-General Guterres calls for a green and sustainable development in the Belt and Road Forum. EU will issue a plan later this year that outlines a reward scheme for farmers and foresters. South Korea draws an extra budget of $5.9 billion to address the fine dust problem. A Finnish energy company Fortum launched a market place for...

ACCEB Daily Briefing – Apr 24th

UK has set a new record of going entirely coal-free for almost four days. Apple has succeeded in urging 44 of its supplier to go 100% renewable. Verizon has made a commitment to go carbon neutral by 2035. Another Greek government official reaffirms the country’s support for the installation of Turkstream in its territory. Delta Airline has offset...

ACCEB Daily Briefing – Apr 22nd

Central Banks of England of France urged companies, industries, and governments to take climate-related risks into account and brace for a transition. Bank of England will incorporate climate risks in its annual report by adopting recommendations from the Task Force on Climate-Related Financial Disclosures. Volkswagen aims to procure cobalt and other minerals through blockchain in order to meet...

ACCEB Daily Briefing – Apr 11th

Trump’s executive order calls for a revision of the Clean Water Act in a bid to weaken individual state’s power to block oil and gas pipeline projects, and an update on safety regulation to facilitate transportation of natural gas. Putin says he is mulling over ratifying the Paris Agreement after a thorough study. World Bank’s new chief affirms...

ACCEB Daily Briefing – Apr 8th

Fiat Chrysler will purchase carbon credits from Tesla to meet its compliance in the EU. European Parliament decides nuclear is not renewable energy UK electricity system operator National Grid reveals a commitment to getting electricity grid prepared for 100% renewable energy. US plans to initiate a national effort to procure lithium at home in a bid to lower...

ACCEB Daily Briefing – Apr 7th

US Securities and Exchange Commission spoke in favor of Exxon Mobil Corp, noting that the company is not liable for setting emission targets requested by shareholders. Denmark and Sweden strengthened energy integration by merging gas market. France will start auctions for Guarantees of Origin from September. UK government revealed new timelines for T-1 capacity auction during a capacity...

ACCEB Daily Briefing – Apr 1st

President Trump revived construction of a TransCanada’s Keystone XL pipeline facility with an executive order, a permit that will allow importation of crude oil from Canada to the US. US EPA approved 35 small refinery exemptions from RFS obligations for the year 2017, cutting more demand for biofuel. A fleet of US corporates launched the Renewable Energy Buyers...

ACCEB Daily Briefing – Mar 29th

European Parliament approved the 37.5% CO2 emission limits for new cars by 2030 while setting an interim goal for 2025. Germany’s cabinet proposed a plan to make LNG investment easier, in a bid to diversify the country’s source of energy supply. A draft bill to cap CO2 emissions from Russian companies is under consultation in Kremlin. ExxonMobil faces...

ACCEB Daily Briefing – Mar 27th

Swiss has entered into revising its CO2 ordinance on the 25th in order to align its emission trading system with that of EU, ahead of the scheduled market linkage in 2020. Shell has switched 700,000 homes in the UK to renewable electricity at no extra cost. A strong economy and high energy demand led to a global record...

ACCEB Daily Briefing – Mar 25th

EU and France are urging Australia to increase its emission targets amidst FTA negotiation. Australian opposition leader Bill Shorten is considering not carrying over carbon credits under Kyoto to pledges towards Paris Agreement. Italy and China signed trade agreements worth $2.5 billion with an emphasis on energy and infrastructure. Hungarian Foreign Minister says natural gas supply from Russia...

ACCEB Daily Briefing – Mar 22nd

The Navajo coal plant, one of the largest emitters of greenhouse gas in the country, will face dismantling soon following a failure to find a new owner. A ruling by US judge Rudolph Contreras has suspended 282 out 473 of drilling projects temporarily on public land of Wyoming, on grounds that the Bureau of Land Management failed to consider greenhouse...

ACCEB Daily Briefing – Mar 20th

Turkish Energy Minister is expanding Turkey’s energy market in preparation for EU players’ involvement, with Trans Adriatic Pipeline(TAP) and TurkStream pipeline operation visible each by 2019 and 2020. BP will face a hearing at European Parliament this Thursday over its accountability in climate change. China’s State Development & Investment Corporation that manages $1.46 billion worth of assets announced it would speed...

ACCEB Daily Briefing – Mar 19th

EEX, the market operator of EU ETS, joined the discussion of developing a nation-wide ETS platform in China. South Korean government has lowered LNG import fee by 84.2% in addition to slashing consumption tax of the energy source, as a part of an effort to alleviate the fine dust problem. Africa Climate Week(ACW) commenced this Monday in Ghana, where African countries...

ACCEB Daily Briefing – Mar 18th

Youth strikes are reported from 100 different countries. ExxonMobil and Shell take a stand against EPA's intention to weaken regulation on methane emission. EPA intends to institute a year-round sale of E15 fuel by summer. The European Parliament takes on a heightened emission reduction goal by addressing sectors in and out of ETS. The Entrex Capital Market announced a blockchain-based, voluntary carbon...

ACCEB Daily Briefing – Mar 16th

Austria's largest health insurance company UNIQA will stop receiving new deals in the coal sector. A voluntary carbon market in the agriculture sector may be introduced as early as 2022 driven by a group of agriculture stakeholders and NGOs. Call option in EU ETS increased following a UK parliamentary vote to take no-deal Brexit off the table. A study reveals one in...