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Industries seeking greater allowance allocations, looser offset rules in Oregon ETS

Published 23:22 on February 12, 2019  /  Last updated at 02:28 on February 13, 2019  /  Americas, Canada, US  /  No Comments

Emissions-intensive, trade-exposed (EITE) industries are seeking greater free allowance allocations than currently floated under Oregon’s proposed cap-and-trade programme, while the agricultural sector is advocating for more cost protections and less onerous offset restrictions, according to written comments.

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UPDATE – Ontario proposes to harmonise OBPS with federal carbon pricing system

Published 22:08 on February 12, 2019  /  Last updated at 22:47 on February 14, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Ontario environment ministry on Tuesday released draft regulations for its climate plan for large emitters, aligning with the Canadian federal government’s mandate through a rising carbon price and possible credit trading.

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LADWP to close three California natural gas-fired plants by 2029

Published 21:42 on February 12, 2019  /  Last updated at 21:42 on February 12, 2019  /  Americas, Canada, US  /  No Comments

The Los Angeles Department of Water and Power (LADWP) will phase out three natural gas-fired power plants by the end of the next decade as the city works toward its 100% renewable energy goal, city officials announced Tuesday.

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World Bank carbon fund inks first REDD payment deals

Published 19:06 on February 12, 2019  /  Last updated at 20:46 on February 12, 2019  /  Africa, Americas, Australia, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility’s Carbon Fund since it launched at the beginning of the decade.

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Massachusetts surplus grows as state allocates 610k GWSA credits

Published 22:51 on February 11, 2019  /  Last updated at 23:21 on February 14, 2019  /  Americas, Carbon Taxes, US  /  No Comments

The Massachusetts Department of Environmental Protection (MassDEP) allocated an additional batch of carbon permits for the state’s Global Warming Solutions Act (GWSA) market earlier this month, adding length to the newly created programme.

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New England hydroelectric line facing pushback from greens, utilities

Published 22:41 on February 11, 2019  /  Last updated at 22:41 on February 11, 2019  /  Americas, Canada, US  /  No Comments

A unique coalition of utility companies and environmental groups are contending that a proposed hydroelectric transmission line in New England could increase emissions in the the northeast US region, potentially having a spill-over effect in the RGGI cap-and-trade market.

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UPDATE – Oregon ETS hearings start as EJ groups, natural gas utilities hit back on programme design

Published 00:06 on February 9, 2019  /  Last updated at 15:02 on February 11, 2019  /  Americas, Canada, US  /  2 Comments

Environmental justice groups have urged Oregon legislators to curtail the use of free allowances and offsets in the state’s proposed cap-and-trade programme, while natural gas utilities are advocating for greater allocations in line with their electric counterparts.

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CLIMATE XCHANGE: Cap-and-trade could be coming to Oregon – Here’s what you need to know

Published 22:49 on February 8, 2019  /  Last updated at 22:50 on February 8, 2019  /  Americas, Canada, Conversations, US, Views  /  No Comments

On the last day of January, Oregon lawmakers introduced their highly-anticipated cap-and-trade bill, sending a loud and clear message that climate change is a top priority this coming session. Massachusetts-based think-tank Climate Xchange breaks down the legislation and offers an analysis of the proposal.

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LCFS Market: California prices near return to $200 as PG&E fears pass

Published 21:13 on February 8, 2019  /  Last updated at 00:17 on February 9, 2019  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) prices inched closer to the $200 mark on Friday, nearing record levels hit in late December as concerns about the bankruptcy of utility PG&E subside.

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Maine considering adoption of RGGI supply-curbing mechanism

Published 18:57 on February 8, 2019  /  Last updated at 21:15 on February 8, 2019  /  Americas, US  /  No Comments

Maine is holding internal discussions about whether the state should reverse its opposition to the northeast US RGGI market’s supply-curbing Emissions Containment Reserve (ECR), after Democrats won the state’s gubernatorial election in November.

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