Saturday, October 24, 2020

Daily Briefing

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 loan of $156m to comply with emission rules. California Lieutenant Governor joined China’s Belt and Road Forum and showed support for the country’s effort in addressing climate change. In an open letter, six members of the European Parliament urged Californian authorities to drop the discussion of including forest credits in its emission trading program.

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 for a 1% optional fee from customers to make their meals carbon neutral. South Korea’s anti-fine dust presidential committee headed by ex-UN Secretary General Ban started operating from Monday. Port of Rotterdam revealed that its blockchain-based energy trading platform is ready for testing coordination of supply and demand of energy among organizations located in the port.

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 CO2 removal certificates. Tokyo Electric Power Company Holdings has voiced support for Task Force on Climate-related Financial Disclosures (TCFD) recommendations. A combination of Ethereum and OpenLaw can offer carbon trade agreements on blockchain.

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 carbon emission of 300,000 passengers on Earth Day. Porsche will offer customers the opportunity to offset carbon footprint in the US.

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 OECD sourcing standards. Louis Vuitton and Christian Dior products will prove their authenticity with blockchain technology. Greenpeace pressed Korea’s largest automaker Hyundai to accelerate production of low-carbon vehicles. Microsoft committed to doubling its internal carbon price to $15 per ton.

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