Oregon to delay cap-and-trade proposal until January

Published 22:31 on December 10, 2018  /  Last updated at 23:09 on December 10, 2018  /  Americas, US  /  No Comments

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 More

Washington state omits carbon pricing from new climate package

Published 19:06 on December 10, 2018  /  Last updated at 23:34 on December 10, 2018  /  Americas, RINs & LCFS, US  /  No Comments

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 More

COP24: Roundup for Monday, Dec. 10

Published 16:08 on December 10, 2018  /  Last updated at 23:35 on December 10, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central  /  No Comments

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 More

South Africa exempts indirect emissions from carbon tax as it finalises long-awaited bill

Published 19:52 on December 10, 2018  /  Last updated at 01:04 on December 11, 2018  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

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 More

New Zealand to announce first tranche of ETS reforms on Dec. 12

Published 06:23 on December 10, 2018  /  Last updated at 23:40 on December 10, 2018  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government will announce a first set of decisions on reforming its emissions trading scheme on Dec. 12, it said Monday. Read More

COP24: Canada must double NDC, curb oil output to meet 1.5C target -report

Published 19:42 on December 10, 2018  /  Last updated at 23:46 on December 10, 2018  /  Americas, Canada, Climate Talks, International, US  /  No Comments

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 More

EU Market: Prices climb to 5-day high near €21 as UK's Brexit vote postponed

Published 18:56 on December 10, 2018  /  Last updated at 18:56 on December 10, 2018  /  EMEA, EU ETS  /  No Comments

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 More

Australia sees minor burst of offset project registrations ahead of ERF auction

Published 12:07 on December 9, 2018  /  Last updated at 01:06 on December 11, 2018  /  Asia Pacific, Australia  /  No Comments

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 More

UPDATE - LCFS Market: California diesel benchmark to resume normal schedule in 2019 as prices approach $200

Published 11:54 on December 8, 2018  /  Last updated at 13:58 on December 8, 2018  /  Americas, RINs & LCFS, US  /  No Comments

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 More

RGGI auction clears at $5.35, continuing streak of above-market results

Published 16:07 on December 7, 2018  /  Last updated at 00:12 on December 8, 2018  /  Americas, US  /  No Comments

RGGI’s December auction settled at $5.35/short ton on Friday, clearing at a premium for the third consecutive time and falling outside of most market participants’ more bearish expectations. Read More

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