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NA Markets: California allowances dip, RGGI rises during holiday week

Published 18:44 on July 11, 2019  /  Last updated at 23:51 on July 11, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices declined by double-digits amid thin volume on the secondary market, as RGGI allowance (RGA) prices rose slightly during the holiday-shortened week.

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California approves offset bill focused on new protocols, aggregation

Published 16:15 on July 11, 2019  /  Last updated at 23:56 on July 11, 2019  /  Americas, Canada, US  /  No Comments

The California Senate has passed legislation that directs a new task force to consider developing compliance offset protocols focused on natural and working lands (NWL) and potentially could enable multiple landowners to jointly develop projects.

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Canadian Conservative climate plan would raise GHG output, costs vs Liberal strategy -analysis

Published 10:00 on July 11, 2019  /  Last updated at 10:13 on July 11, 2019  /  Americas, Canada, Carbon Taxes, International  /  No Comments

The Canadian federal Conservatives’ plan to eliminate or overhaul parts of the ruling Liberals’ climate and CO2 pricing strategy would prove costly and take the country further away from its Paris Agreement target, according to a report released Thursday.

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Quebec retires 1.8 mln V17 carbon allowances for Ontario surplus

Published 22:53 on July 10, 2019  /  Last updated at 22:53 on July 10, 2019  /  Americas, Canada, US  /  No Comments

Quebec retired 1.8 million V17 carbon allowances on Wednesday to account for surplus Ontario permits left over in the WCI market, according to an updated Compliance Instrument Tracking System Service (CITSS) report.

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California grants 1.5 mln new credits, as CCO-0 supply surges

Published 20:59 on July 10, 2019  /  Last updated at 20:59 on July 10, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB doled out more than 1.5 mln new offsets (CCOs) this week, while the supply of CCO-0s surged as the invalidation period expired on the programme’s second largest project.

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California hydro levels plummeted in 2018, data shows

Published 17:26 on July 10, 2019  /  Last updated at 17:26 on July 10, 2019  /  Americas, Canada, US  /  No Comments

California hydroelectric generation dropped by 36% in 2018 and was replaced by natural gas and renewable energy, potentially impacting emissions from the sector under the state’s WCI-linked carbon market, according to government data.

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UPDATE – Ghana notches REDD agreement with World Bank carbon fund

Published 17:14 on July 10, 2019  /  Last updated at 19:50 on July 10, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Ghana will take in up to $50 million for protecting its forests under the World Bank’s Forest Carbon Partnership Facility (FCFP), becoming the third African nation to sign the REDD deal seen as a base for possible international emissions trade.

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Alberta requests feedback on carbon price, credit limits for large emitter programme

Published 23:11 on July 9, 2019  /  Last updated at 00:35 on July 10, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Alberta government opened a consultation Tuesday on its proposed overhaul next year for the Canadian province’s carbon trading programme for large emitters, with the ruling United Conservative Party offering input on the CO2 regulation’s excess emissions charge and usage limits for offsets and performance credits.

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British Columbia floats LCFS credit clearance market and price cap

Published 22:43 on July 9, 2019  /  Last updated at 22:54 on July 9, 2019  /  Americas, Canada, RINs & LCFS  /  No Comments

The British Columbia government is floating the incorporation of a credit clearance market that would act as a hard price cap for the Canadian province’s Low Carbon Fuel Standard (LCFS), while also considering the possibility for new alternative fuel types to generate credits.

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WCI data does not indicate Quebec V17 carbon allowance retirements, analysis shows

Published 17:05 on July 9, 2019  /  Last updated at 22:40 on July 10, 2019  /  Americas, Canada, US  /  No Comments

Roughly 1.8 million V17 Quebec allowances remain in WCI auction accounts after the second quarter despite proclamations by the province that those credits were retired last month, according to Carbon Pulse calculations.

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