Canada should favour carbon price over clean fuel standard -report
Adopting a federal clean fuel standard (CFS) is a costlier and less effective way for Canada to reduce GHGs than an economy-wide carbon price, according to a new study published on Thursday.
Read MoreOntario to join Saskatchewan in lawsuit against Canadian federal carbon price
Ontario Premier Doug Ford announced on Thursday that his province will join Saskatchewan’s lawsuit to stop the implementation of the Canadian federal government’s ‘backstop’ carbon pricing scheme, setting up a showdown with Ottawa over the legality of its national climate plan.
Read MoreNA Markets: Markets stall amid summer lull
US carbon markets were mostly unchanged over the course of the week amid a summer holiday season in full swing.
Read MoreNew offset limits could raise annual post-2020 California carbon costs by $50 mln -report
Restricting the use of carbon offsets in the post-2020 California carbon market may contribute to emitters’ annual compliance costs rising by more than $50 million, according to a preliminary analysis from state regulator ARB.
Read MoreNew Hampshire refuses rehearing on cross-border hydroelectric line, operator to challenge
US-based electric utility Eversource will “pursue all available options” to build its international hydroelectric transmission line after a New Hampshire state committee on Thursday denied the company a rehearing on the project.
Read MoreNA Markets: California shrugs off data on Ontario permits as RGGI slows
US carbon prices moved in opposite directions this week, but the change in values and volumes was minimal in both markets as new WCI data was published and the holiday season neared its peak.
Read MoreCanada’s Northwest Territories to implement C$20 carbon tax in July 2019
The Northwest Territories (NWT) will begin taxing carbon-based fuels in July 2019 at a rate in line with the federal government’s pan-Canadian framework, it announced Wednesday, with an accompanying rebate system designed to defray the costs for residents of the remote subarctic jurisdiction.
Read MoreQuebec issues first offsets in 2018 as compliance demand squeezes WCI market
Quebec’s environment ministry granted almost 41,000 offsets this week to seven landfill gas projects in its first issuance since Sep. 2017, as traders said this fall’s approaching WCI compliance deadline is creating a supply crunch throughout the market.
Read MoreCalifornia hits 2020 GHG reduction target four years early, though transportation bucking the trend
California has met its 2020 greenhouse gas emissions reduction target four years ahead of schedule, though like many other jurisdictions it reported steadily increasing CO2 output from its largest source: transportation.
Read MoreOntario govt sets sights on repealing climate law, ditching emissions targets as lawmakers recalled
Ontario lawmakers have been recalled for a summer session to introduce “urgent legislation” to repeal the law that underpins the province’s now-cancelled cap-and-trade scheme, the new Progressive Conservative government announced Tuesday.
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