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Oregon to delay cap-and-trade proposal until January
Oregon will not unveil language for its proposed cap-and-trade programme until January as officials wait for further analysis about design options, officials confirmed Monday. Read MoreTop
Washington state omits carbon pricing from new climate package
Washington Governor Jay Inslee (D) unveiled a climate package on Monday that would implement a low-carbon fuel standard (LCFS) and eliminate fossil fuels from the electricity grid, though it lacked a carbon price after two CO2 tax initiatives failed this year. Read MoreTop
COP24: Roundup for Monday, Dec. 10
The COP24 climate summit in Katowice, Poland has shifted into high gear this week with the arrival of ministers, taking over from government officials who last week made limited progress on the Paris Agreement rulebook. Read MoreTop
South Africa exempts indirect emissions from carbon tax as it finalises long-awaited bill
South African lawmakers last week finalised the country's long-awaited draft carbon tax bill, and in the process made a few last modifications including exempting indirect emissions from the levy. Read MoreTop
New Zealand to announce first tranche of ETS reforms on Dec. 12
The New Zealand government will announce a first set of decisions on reforming its emissions trading scheme on Dec. 12, it said Monday. Read MoreTop
COP24: Canada must double NDC, curb oil output to meet 1.5C target -report
The Canadian federal government will need to double its Paris emission pledge to keep global temperatures below 1.5C and curb its fast rising oil and gas emissions, a report said on Monday. Read MoreTop
EU Market: Prices climb to 5-day high near €21 as UK's Brexit vote postponed
European carbon prices rose to a five-day high near €21 on Monday on news that UK Prime Minister Theresa May will postpone a scheduled Dec. 11 vote on her Brexit proposal. Read MoreTop
Australia sees minor burst of offset project registrations ahead of ERF auction
Australia’s Clean Energy Regulator approved 18 new offset projects over the past week amid a minor rush by developers to qualify in time for the coming week’s Emissions Reduction Fund (ERF) auction. Read MoreTop
UPDATE - LCFS Market: California diesel benchmark to resume normal schedule in 2019 as prices approach $200
The carbon intensity (CI) benchmark for diesel-based fuels under the California Low Carbon Fuel Standard (LCFS) will revert back to its normal, more stringent schedule next year after state regulator ARB fulfilled a court order, while credit prices set a new record for the second time this week. Read MoreTop