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Ontario offset protocol development put on hold, leading investors to hope for federal intervention
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 MoreTop
EU Innovation Fund sell-off could wipe €5 off EU carbon prices -analysts
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 MoreTop
New York carbon pricing bill fails to receive Senate vote for third straight year
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 MoreTop
UPDATE - EU Market: EUAs climb back over €15 after strong auction
EU carbon prices rose above €15 for the first time this week on Friday as a strong auction jolted prices upwards. Read MoreTop
Australia terminates contracts for 4.5m carbon credits
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 MoreTop
China’s Guangdong sees near-100% ETS compliance, but declines to release emissions data
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 MoreTop
CN Markets: Pilot market data for week ending Jun. 22, 2018
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 MoreTop
California's ARB addresses Ontario carbon market de-linkage, post-2020 emissions caps in workshop
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 MoreTop