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California could account for LADWP plant closures in carbon allocation discussions

Published 22:07 on February 15, 2019  /  Last updated at 22:25 on February 15, 2019  /  Americas, Canada, US  /  No Comments

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.

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Canadian ‘backstop’ carbon price a matter of national concern, federal government argues

Published 23:27 on February 14, 2019  /  Last updated at 02:03 on February 15, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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NA Markets: RGGI prices fall sharply as WCI trade continues to languish

Published 18:09 on February 14, 2019  /  Last updated at 23:12 on February 14, 2019  /  Americas, Canada, US  /  No Comments

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.

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Saskatchewan, supporters combat federal carbon tax as legal challenge gets underway

Published 23:12 on February 13, 2019  /  Last updated at 02:11 on February 14, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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Climate Action Reserve launches mitigation programme based on forecasted emissions reductions

Published 22:59 on February 13, 2019  /  Last updated at 01:57 on February 14, 2019  /  Americas, Canada, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

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.

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California issues nearly 425k offsets as forestry projects net majority

Published 22:39 on February 13, 2019  /  Last updated at 01:47 on February 14, 2019  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

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.

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Industries seeking greater allowance allocations, looser offset rules in Oregon ETS

Published 23:22 on February 12, 2019  /  Last updated at 02:28 on February 13, 2019  /  Americas, Canada, US  /  No Comments

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.

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UPDATE – Ontario proposes to harmonise OBPS with federal carbon pricing system

Published 22:08 on February 12, 2019  /  Last updated at 22:47 on February 14, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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LADWP to close three California natural gas-fired plants by 2029

Published 21:42 on February 12, 2019  /  Last updated at 21:42 on February 12, 2019  /  Americas, Canada, US  /  No Comments

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.

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New England hydroelectric line facing pushback from greens, utilities

Published 22:41 on February 11, 2019  /  Last updated at 22:41 on February 11, 2019  /  Americas, Canada, US  /  No Comments

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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