Japan’s environment ministry to draw up carbon pricing proposal

Published 09:47 on March 19, 2018  /  Last updated at 09:47 on March 19, 2018  /  Asia Pacific, Japan  /  No Comments

Japan’s environment ministry will begin drawing up a detailed policy proposal for a carbon pricing mechanism despite lingering opposition against emissions trading in parts of the Abe administration. Read More

Australia’s new flagship climate policy to achieve less than business as usual -report

Published 09:54 on March 19, 2018  /  Last updated at 09:54 on March 19, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s proposed National Energy Guarantee (NEG) is set up to achieve a smaller emission cut in the electricity sector than the nation is on track to make even without any new policies thanks to ambitious renewable targets in some states, a new report said Monday. Read More

Compliance buying picks up in first RGGI auction of 2018

Published 14:22 on March 16, 2018  /  Last updated at 19:38 on March 16, 2018  /  Americas, US  /  No Comments

The year’s first quarterly RGGI auction cleared at $3.79/short ton, the market’s operator announced Friday, with compliance-oriented entities picking up the largest share of allowances in almost two years. Read More

UN floats draft rulebook for international emissions trade, keeps CERs on the table

Published 17:03 on March 16, 2018  /  Last updated at 17:03 on March 16, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN officials on Friday released a draft paper to help guide governments working on a year-end deadline to finalise rules on international emissions trade under the Article 6 of the Paris Agreement. Read More

EU Market: EUAs recover after sinking on weakest auction of year to date

Published 10:52 on March 16, 2018  /  Last updated at 21:42 on March 16, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices fell on Friday, briefly dropping below €11 after Germany posted the weakest EUA auction result seen so far this year. Read More

Manitoba tables carbon tax and trade bill, opening door to linking via offsets

Published 23:28 on March 16, 2018  /  Last updated at 00:42 on March 17, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Manitoba government on Thursday introduced legislation underpinning its new provincial carbon tax and trading system, opening the door to linking with other jurisdictions through the use of offsets. Read More

Alberta premier threatens to halt carbon tax rises over pipeline hold-up

Published 19:27 on March 16, 2018  /  Last updated at 19:36 on March 16, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta Premier Rachel Notley has threatened to halt any future hikes to her province’s carbon tax if the Trans Mountain oil pipeline is not extended to neighbour British Columbia’s coast. Read More

Second tripartite WCI auction to feature over 103 million allowances

Published 21:47 on March 16, 2018  /  Last updated at 22:48 on March 16, 2018  /  Americas, Canada, US  /  No Comments

California, Quebec, and Ontario will conduct their second quarterly auction of the year on May 15, which will include over 13.4 million previously unsold units. Read More

California LCFS Roundup: ARB freezes 2018 diesel target, updates EV credits, releases Feb. data

Published 16:55 on March 16, 2018  /  Last updated at 17:12 on March 16, 2018  /  Americas, US  /  No Comments

California regulator ARB undertook several LCFS-related actions this week that included freezing the programme’s diesel CI target for all of 2018, calculating electric vehicle credits, and releasing February transaction data. Read More

Australia terminates 10th ERF offset deal

Published 09:37 on March 16, 2018  /  Last updated at 09:37 on March 16, 2018  /  Asia Pacific, Australia  /  No Comments

Australia has terminated another contract to buy carbon offsets under the Emissions Reduction Fund, data from the Clean Energy Regulator showed Friday, the tenth project to suffer that fate. Read More

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