Fourth WCI auction of 2018 to offer over 88 mln permits
California and Quebec will auction more than 88 million allowances on Nov. 14, with 78 mln current vintage allowances that for the first time include some unsold vintage 2017 allowances, the regulators said Friday.
Read MoreOntario lays out arguments for legal challenge against federal carbon tax
The Ontario government on Friday filed a legal submission arguing that the federal carbon pricing plan is outside of Ottawa’s authority and will result in unconstitutional taxes.
Read MoreGCAS: Advocates building case for land-based offset protocols in California carbon market
Offset advocates are working to create pilot cases for wetland and grassland conservation offset protocols that could show California’s Air Resources Board their potential in the state’s cap-and-trade market.
Read MoreNA Markets: RGGI rises after auction results while California levels off
RGGI carbon prices continued to increase after last week’s auction cleared above market participants’ expectations, while a months-long bull run in the WCI market appeared to peter out.
Read MoreCanada Roundup: As submission deadline passes, provincial carbon pricing plans overshadowed by dissent
With Ottawa’s deadline for Canada’s provinces and territories to submit their carbon pricing plans having now passed, the federal government has a tough task ahead in reviewing and coordinating the programmes and addressing the obstinate gaps in what has emerged as a national patchwork of schemes.
Read MoreGCAS: Ontario lawsuits could spur govt to reverse its climate policy, former minister Murray says
The Ontario government could revive some sort of carbon reduction scheme if challenged by the large emitters that previously participated in the province’s now-scrapped cap-and-trade programme, former Environmental Minister Glen Murray said Tuesday.
Read MoreMine methane projects clean up as California awards almost 830k offsets
California state regulator ARB dished out nearly 830,000 California Carbon Offsets (CCOs) this week, with two mine methane capture (MMC) projects accounting for more than 70% of the total.
Read MoreGCAS: California working out final elements of Ontario WCI exit, not seeking reimbursement for stray allowances
California and Ontario officials are continuing to negotiate the financial costs associated with the Canadian province’s decision to exit the Western Climate Initiative (WCI) but reimbursement costs are not part of that discussion, Air Resources Board (ARB) Chairwoman Mary Nichols told Carbon Pulse.
Read MoreUPDATE – Environmental groups sue Ontario over cancellation of cap-and-trade programme
A coalition of environmental groups is suing the Ontario Progressive Conservative (PC) government for cancelling the province’s cap-and-trade programme without public consultation.
Read MoreGCAS: California’s Brown pitches broader carbon pricing cooperation, slams Trump US methane policy
California Governor Jerry Brown publicly ridiculed a Trump administration proposal that could ease regulations on methane emissions leaks in the US, while simultaneously calling on the expansion of carbon pricing mechanisms to other areas of the world.
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