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Ontario carbon allowances remain eligible for WCI compliance, but much larger questions remain

Published 23:56 on June 19, 2018  /  Last updated at 11:02 on June 20, 2018  /  Americas, Canada, US  /  No Comments

Ontario carbon allowances held in Quebec and California will remain valid for compliance following Ontario’s departure from the WCI programme, though it remains unclear how the three jurisdictions will manage the fallout from Premier-designate Doug Ford’s decision to kill the province’s carbon market.

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California’s ARB posts latest thinking on carbon market allowance revenue, assistance factors

Published 23:00 on June 19, 2018  /  Last updated at 23:43 on June 19, 2018  /  Americas, Canada, US  /  No Comments

California regulator Air Resources Board (ARB) released a preliminary discussion draft on Tuesday that would give utilities more options for spending consigned allowance revenue in the state’s cap-and-trade programme, while also updating industry assistance factors and offset protocol procedures.

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Reactions to Ontario’s swift exit from WCI, cap-and-trade

Published 23:35 on June 18, 2018  /  Last updated at 23:19 on June 19, 2018  /  Americas, Canada, US  /  No Comments

Market participants and other experts are closely watching what Ontario Premier-designate Doug Ford’s next steps will be in dismantling the province’s cap-and-trade scheme, especially after his decision to abruptly pull the plug on the programme was met with a trading ban by WCI partners California and Quebec.

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Ontario firms should “take appropriate action” regarding carbon trading restrictions -ICE

Published 19:52 on June 18, 2018  /  Last updated at 20:32 on June 18, 2018  /  Americas, Canada, US  /  No Comments

Entities regulated under Ontario’s cap-and-trade scheme that suddenly face new trading restrictions due to the province’s pending exit of the WCI programme have been advised by North America’s main emissions exchange to “take appropriate action” to honour or exit their existing obligations.

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California, Quebec entities blocked from trading with Ontario following WCI exit announcement

Published 13:55 on June 16, 2018  /  Last updated at 20:03 on June 16, 2018  /  Americas, Canada, US  /  No Comments

WCI’s market operators have blocked participants in California and Quebec from trading allowances with Ontario entities following Premier-designate Doug Ford’s decision to abruptly scrap Ontario’s cap-and-trade scheme and leave the North American programme.

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Massachusetts Senate passes extensive carbon pricing, clean energy bill

Published 23:36 on June 15, 2018  /  Last updated at 10:01 on June 18, 2018  /  Americas, Carbon Taxes, US  /  No Comments

The Massachusetts Senate unanimously approved an omnibus clean energy bill on Thursday night that provides for the creation of a market-based mechanism for economy-wide carbon pricing and several other renewable energy goals.

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Germany extends support work for poorer nations on carbon markets, orders EU ETS liquidity study

Published 18:30 on June 15, 2018  /  Last updated at 18:46 on June 15, 2018  /  Americas, Asia Pacific, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Germany is to extend beyond this year a three-year project to support poorer nations on carbon markets, while also opening a tender seeking experts to study EU ETS market liquidity, documents showed.

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Ontario to abstain from August WCI auction as new Premier Ford announces end of carbon market

Published 16:24 on June 15, 2018  /  Last updated at 12:38 on June 16, 2018  /  Americas, Canada, US  /  No Comments

Ontario will not participate in the next quarterly WCI auction in August after its new premier announced that his government’s first act will be to scrap the provincial cap-and-trade scheme.

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RGGI auction clears above secondary market as compliance entities shy away

Published 15:16 on June 15, 2018  /  Last updated at 11:55 on June 16, 2018  /  Americas, US  /  No Comments

This week’s quarterly RGGI auction settled slightly above the secondary market at $4.02/short ton, the market’s operator announced Friday, while compliance buying dropped significantly from the previous sale in March.

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NA Markets: California trade thins as RGGI auction results due

Published 00:39 on June 15, 2018  /  Last updated at 00:39 on June 15, 2018  /  Americas, Canada, US  /  No Comments

California carbon allowances (CCAs) began to recover this week after last week’s Progressive Conservative victory in Ontario sent prices downward, while on the east coast some atypical trading activity took place in the short interim between Wednesday’s RGGI auction and Friday’s result publication.

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