UPDATE – Oregon House sends on ETS legislation after marathon session
Oregon’s House of Representatives on Monday, after hours of Republican opposition, approved a cap-and-trade bill that would allow the state to link to the WCI carbon market, though the legislation may face a tougher time in the Senate from members of the chamber’s Democratic majority.
Read MoreCalifornia’s IEMAC outlines potential carbon surplus calculations and remedy options
California’s Independent Emissions Market Advisory Committee (IEMAC) at its Friday meeting outlined a potential metric methodology to determine the exact number of surplus allowances in the WCI-linked cap-and-trade programme, and it intends to ask state regulator ARB about the feasibility of that calculation.
Read MoreCalifornia ETS advisory group member resigns in career move
A California Independent Emissions Market Advisory Committee (IEMAC) member has resigned his post with the ETS monitor after taking a new position at the state’s Independent System Operator (CAISO), the chair of the committee said Friday.
Read MoreBY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreCalifornia’s ARB defends forestry protocol, stops short of agreeing to technical review
California regulator ARB cited numerous errors in a recent policy brief criticising the state’s cap-and-trade forestry protocol, while refusing an independent technical review of the methodology requested by state legislators, according to a letter seen by Carbon Pulse.
Read MoreCanadian federal govt won’t impose ‘backstop’ CO2 tax on Alberta until 2020
Ottawa will not impose its federal carbon tax on Alberta until Jan. 1, 2020 after the province’s new conservative government eliminated its C$30/tonne levy last month, allowing the country’s largest-emitting jurisdiction to avoid paying for some fossil fuel-related emissions over at least the next seven months.
Read MoreNew Brunswick offers weaker standards for output-based pricing system
The New Brunswick government proposed its own output-based pricing system (OBPS) for large emitters on Thursday, but the market’s less stringent facility-based industrial benchmarks and electricity standards could run afoul of the Canadian federal government’s ‘backstop’ mandate.
Read MoreNA Markets: California allowances continue retracement, RGGI dips despite increased buying
California Carbon Allowance (CCA) prices plummeted by double-digits over the week, a move traders attributed to options positions and post-auction regrouping, while RGGI allowances (RGAs) also dropped despite a surge of activity on the secondary market.
Read MoreCanadian carbon tax of C$102/tonne by 2030 would help hit Paris target -report
Canada can meet its Paris Agreement goal by roughly doubling the price of its rising ‘backstop’ carbon tax to C$102 ($77) and expanding the policy’s geographical and sectoral coverage, all at a relatively small economic cost, according to a government report released Thursday.
Read MoreCalifornia offsets issuance hits 11-month low
California regulator ARB issued offsets this week to a pair of mine methane capture (MMC) projects for the first time in nine months, while the total issuance dropped to an 11-month low of 110,000 compliance-grade credits, according to state data.
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