Ontario offset protocol development put on hold, leading investors to hope for federal intervention

Published 19:03 on June 22, 2018  /  Last updated at 21:56 on June 22, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

Ontario has halted the development of its offset protocols following Premier-designate Doug Ford’s decision to scrap the province’s carbon market, leaving project developers and investors in limbo and hoping the Canadian federal government will step in to save the burgeoning industry. Read More

EU Innovation Fund sell-off could wipe €5 off EU carbon prices -analysts

Published 16:41 on June 22, 2018  /  Last updated at 20:00 on June 22, 2018  /  EMEA, EU ETS  /  No Comments

EU governments could knock as much as €5 off EUA prices and lose billions of euros of low-carbon funding if they rush to auction allowances for the bloc’s Innovation Fund over the next decade or so, according to ICIS analysts. Read More

New York carbon pricing bill fails to receive Senate vote for third straight year

Published 18:18 on June 22, 2018  /  Last updated at 18:31 on June 22, 2018  /  Americas, Carbon Taxes, US  /  No Comments

An extensive climate justice bill that would have implemented a “market-based compliance mechanism” in New York along with a suite of other GHG targets and environmental justice provisions did not advance to a vote for the third year running as the state Senate wrapped up this week. Read More

UPDATE - EU Market: EUAs climb back over €15 after strong auction

Published 10:36 on June 22, 2018  /  Last updated at 21:20 on June 22, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices rose above €15 for the first time this week on Friday as a strong auction jolted prices upwards. Read More

Australia terminates contracts for 4.5m carbon credits

Published 10:39 on June 22, 2018  /  Last updated at 10:39 on June 22, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator has terminated four more contracts through which its Emissions Reduction Fund had agreed to buy almost 4.5 million offsets. Read More

China’s Guangdong sees near-100% ETS compliance, but declines to release emissions data

Published 14:30 on June 22, 2018  /  Last updated at 21:23 on June 22, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

A single emitter in China’s biggest pilot emissions trading scheme failed to meet the annual compliance deadline, Guangdong regulators said Friday, again choosing to not disclose emissions data. Read More

CN Markets: Pilot market data for week ending Jun. 22, 2018

Published 12:32 on June 22, 2018  /  Last updated at 14:50 on June 22, 2018  /  China, China's Pilot Markets  /  No Comments

Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges. Read More

California's ARB addresses Ontario carbon market de-linkage, post-2020 emissions caps in workshop

Published 23:21 on June 21, 2018  /  Last updated at 23:21 on June 21, 2018  /  Americas, Canada, US  /  No Comments

California regulator Air Resources Board (ARB) may take steps in its current carbon market rulemaking package to address Ontario’s planned withdrawal from the WCI cap-and-trade programme, it said Thursday, while also hitting back against past comments that it had erred in the methodology used to set the state’s post-2020 emissions caps. Read More

CP Daily: Friday June 22, 2018

Published 21:38 on June 22, 2018  /  Last updated at 21:38 on June 22, 2018  /  Newsletter  /  No Comments

A daily summary of our news plus bite-sized updates from around the world. Read More

NA Markets: Prices advance on both coasts amid Ontario upheaval

Published 23:13 on June 21, 2018  /  Last updated at 23:29 on June 21, 2018  /  Americas, Canada, US  /  No Comments

North American carbon prices gained on both coasts in the last week, with California traders shrugging off uncertainty generated by Ontario’s planned withdrawal from the WCI market and RGGI prices jumping in the wake of a stronger-than-anticipated auction result. Read More

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