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PG&E bankruptcy proposal includes $18 billion for wildfire claims

Published 01:44 on September 10, 2019  /  Last updated at 02:06 on September 10, 2019  /  Americas, Canada, US  /  No Comments

California utility Pacific Gas & Electric (PG&E) plans to set aside nearly $18 billion to settle wildfire claims from residents and government entities as it seeks to exit bankruptcy by June 2020, according to a plan filed late Monday.

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California Tropical Forest Standard sets high environmental bar, incentivises communities -experts

Published 23:39 on September 9, 2019  /  Last updated at 23:40 on September 9, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

International communities could struggle to meet the criteria set by California’s proposed Tropical Forest Standard (TFS), but the adoption of the policy may incentivise them to begin addressing deforestation, according to experts.

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Colombia carbon tax-linked offset cancellations slow on supply, administrative bottlenecks

Published 22:07 on September 9, 2019  /  Last updated at 13:31 on September 17, 2019  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The surrendering of Colombian offsets to comply with the country’s carbon tax has slowed this year due to an extreme supply squeeze and administrative delays.

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Low Q3 auction settlement, market price spurred RGGI compliance buying

Published 20:32 on September 9, 2019  /  Last updated at 23:04 on September 9, 2019  /  Americas, US  /  No Comments

RGGI compliance entities significantly increased their holdings on the secondary market prior to the September auction, while they also added length at the quarterly sale amid expectations prices will rise in the future, traders said.

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Q3 RGGI auction settles below secondary market, with compliance buying the bulk

Published 15:55 on September 6, 2019  /  Last updated at 00:42 on September 7, 2019  /  Americas, US  /  No Comments

RGGI’s September auction cleared at a discount to the secondary market for the second straight time, as compliance entities purchased more than half of the units on offer, according to results published Friday.

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Washington Clean Air Rule decision could be catalyst for ETS plans -advocates

Published 23:24 on September 5, 2019  /  Last updated at 23:24 on September 5, 2019  /  Americas, Canada, US  /  No Comments

An upcoming court decision on Washington state’s blocked Clean Air Rule could spark further debate on progressing a WCI-modelled cap-and-trade bill in the legislature next year, stakeholders said.

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California ETS advisor to seek ARB input on updated allowance tracking proposal

Published 22:47 on September 5, 2019  /  Last updated at 22:47 on September 5, 2019  /  Americas, Canada, US  /  No Comments

California’s Independent Emissions Market Advisory Committee (IEMAC) will request feedback from regulator ARB before endorsing a possible metric for tracking the amount of surplus allowances in the state’s WCI-linked ETS, members said Thursday.

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NA Markets: RGGI rises ahead of Q3 auction, California allowances slide on higher spread activity

Published 20:14 on September 5, 2019  /  Last updated at 22:28 on September 5, 2019  /  Americas, Canada, US  /  No Comments

RGGI allowances (RGAs) rose by double digits this week ahead of the September auction results, as California Carbon Allowance (CCA) prices dipped on the secondary market amid increased spread trading.

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TCI states could release ETS design outline this month -source

Published 18:55 on September 5, 2019  /  Last updated at 19:34 on September 5, 2019  /  Americas, US  /  No Comments

Transportation and Climate Initiative (TCI) jurisdictions could release a draft carbon market design framework this month, but that document could lack substantive details, such as price levels or potential annual caps, a regulatory source told Carbon Pulse.

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ROUNDUP: US Democratic presidential candidate climate town hall

Published 16:38 on September 5, 2019  /  Last updated at 16:38 on September 5, 2019  /  Americas, Carbon Taxes, US  /  No Comments

The crowded 2020 Democratic presidential field outlined their ideas for decarbonising the US economy on Wednesday night, with the candidates’ presentations revealing a split on carbon pricing and on when the country should hit net-zero emissions.

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