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Economic and legal headache would follow doubtful Ontario exit from WCI -experts

Published 00:46 on April 19, 2018  /  Last updated at 00:55 on April 19, 2018  /  Americas, Canada, US  /  No Comments

Although stakeholders believe that Ontario is unlikely to abandon its cap-and-trade programme should the Progressive Conservatives (PC) win the upcoming June provincial election, an exit from the WCI market could yield multiple economic and legal problems.

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RGGI to conduct second auction of 2018 on June 13

Published 17:21 on April 17, 2018  /  Last updated at 17:21 on April 17, 2018  /  Americas, US  /  No Comments

RGGI will hold its second allowance auction of the year on June 13, following March’s sold-out auction that featured a near two-year high in compliance-oriented purchasing.

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Ontario unveils ‘open architecture’ framework for voluntary offset scheme

Published 23:33 on April 16, 2018  /  Last updated at 02:22 on April 17, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

The Ontario government has released a framework for its voluntary offset programme, approving three quantification methodologies under an ‘open architecture’ approach that doesn’t limit project types.

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Blockchain-based venture commits first funds to Ecosphere REDD credits

Published 22:35 on April 16, 2018  /  Last updated at 10:33 on April 17, 2018  /  Americas, International, REDD, South & Central, Voluntary Market  /  No Comments

Blockchain-based carbon credit platform Poseidon has committed to spend its first tranche of cash buying Peruvian REDD credits from UK-based Ecosphere+, as part of an initiative offering a voluntary carbon credit platform for retailers.

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New York grid operator floats scenarios for CO2 charge alongside RGGI

Published 20:08 on April 16, 2018  /  Last updated at 02:57 on April 17, 2018  /  Americas, US  /  No Comments

New York’s grid operator has floated options for how the state might apply a carbon price to the price of traded electricity in concert with RGGI, with one alternative requiring that power suppliers provide more data than is currently required.

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Alaska to consider carbon pricing as part of draft climate plan

Published 18:20 on April 13, 2018  /  Last updated at 23:25 on April 13, 2018  /  Americas, US  /  No Comments

The Alaska government produced a draft climate change policy this week that instructs the state to begin looking at how carbon pricing may help achieve the its climate goals, though the text remained sparse on details.

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New Jersey legislature passes renewable energy and zero emissions bills

Published 16:21 on April 13, 2018  /  Last updated at 23:47 on April 13, 2018  /  Americas, US  /  No Comments

The New Jersey Assembly and Senate approved two bills on Thursday to expand the state’s Renewable Portfolio Standard (RPS) for conventional and solar renewable energy, as well as establishing a Zero Emission Certificate (ZEC) programme aimed at supporting struggling nuclear plants.

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IMO adopts deal to cut shipping emissions at least 50% by 2050

Published 15:49 on April 13, 2018  /  Last updated at 14:17 on April 19, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Shipping  /  No Comments

Governments at the International Maritime Organisation (IMO) on Friday adopted an initial strategy to address international shipping emissions, including setting a 2050 target to cut emissions by at least 50% under 2008 levels.

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Ontario approves two new offset protocols, updates third

Published 23:23 on April 12, 2018  /  Last updated at 23:23 on April 12, 2018  /  Americas, Canada  /  No Comments

The Ontario Ministry of Environment and Climate Change (MOECC) finalised two offset protocols for use in the province’s cap-and-trade programme on Thursday, while also updating a third.

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NA Markets: Prices lift as trade picks up after conference

Published 22:37 on April 12, 2018  /  Last updated at 22:37 on April 12, 2018  /  Americas, Canada, US  /  No Comments

Prices on both coasts increased moderately this week and trading activity picked up in the as participants returned to their desks after the NACW industry conference.

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