California could account for LADWP plant closures in carbon allocation discussions
California’s ARB could amend its carbon allowance allocations to account for the Los Angeles Department of Water & Power’s (LADWP) post-2020 power plant closures, as the state agency also looks to adapt ETS regulations to account for higher Renewable Portfolio Standard (RPS) targets, sources said.
Read MoreCanadian ‘backstop’ carbon price a matter of national concern, federal government argues
The Canadian federal government may impose its CO2 pricing scheme on recalcitrant provinces because the country’s GHG emissions are not only a matter of national concern, but Canada is well off track towards meeting its targets under international treaties, Ottawa and its supporters argued in the second and final day of a court hearing on Thursday.
Read MoreNA Markets: RGGI prices fall sharply as WCI trade continues to languish
RGGI prices fell by double digits this week as traders took a more bearish near-term view, while California CCA prices continued to stagnate ahead of the WCI market’s auction next week.
Read MoreSaskatchewan, supporters combat federal carbon tax as legal challenge gets underway
The province of Saskatchewan and its allies argued Wednesday that the Canadian federal government’s carbon tax mandate is unconstitutional and violates the principles of federalism, kicking off the first of two lawsuits this year against Ottawa’s ‘backstop’ CO2 pricing plan.
Read MoreClimate Action Reserve launches mitigation programme based on forecasted emissions reductions
Companies will be able to show emission mitigation efforts for future economic developments under a new programme launched Wednesday by California-based offset registry Climate Action Reserve (CAR), a departure from traditional offset activities that award credits after achieving reductions.
Read MoreCalifornia issues nearly 425k offsets as forestry projects net majority
California regulator ARB issued nearly 425,000 California Carbon Offsets (CCOs) this week, with a majority of the credits going to two existing forestry offset projects.
Read MoreIndustries seeking greater allowance allocations, looser offset rules in Oregon ETS
Emissions-intensive, trade-exposed (EITE) industries are seeking greater free allowance allocations than currently floated under Oregon’s proposed cap-and-trade programme, while the agricultural sector is advocating for more cost protections and less onerous offset restrictions, according to written comments.
Read MoreUPDATE – Ontario proposes to harmonise OBPS with federal carbon pricing system
The Ontario environment ministry on Tuesday released draft regulations for its climate plan for large emitters, aligning with the Canadian federal government’s mandate through a rising carbon price and possible credit trading.
Read MoreLADWP to close three California natural gas-fired plants by 2029
The Los Angeles Department of Water and Power (LADWP) will phase out three natural gas-fired power plants by the end of the next decade as the city works toward its 100% renewable energy goal, city officials announced Tuesday.
Read MoreNew England hydroelectric line facing pushback from greens, utilities
A unique coalition of utility companies and environmental groups are contending that a proposed hydroelectric transmission line in New England could increase emissions in the the northeast US region, potentially having a spill-over effect in the RGGI cap-and-trade market.
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