More confusion as EU, US make conflicting statements about Trump’s Paris withdrawal
There was more policy confusion surrounding the US position on the Paris Agreement this weekend after claims from government officials that the country would remain in the 2015 climate pact were refuted by White House spokespeople and members of Trump’s cabinet.
Read MoreCalifornia’s tighter offset limits not seen likely to be repeated by WCI partners
Restrictions on post-2020 offset use in California’s cap-and-trade scheme are unlikely to be matched by WCI partners Quebec and Ontario, according to government sources and market participants.
Read MoreCalifornia, Quebec to offer additional 15.9 mln allowances in November auction
California and Quebec will hold their final joint auction of the year on Nov. 14, offering an additional 15.91 million unsold allowances up for grabs in the quarterly sale.
Read MoreNA Markets: Prices drift on thin interest despite strong Ontario auction
Prices for carbon permits on North America’s east and west coasts drifted this week as the impact of the recent auctions faded.
Read MoreFires claim first offsets from California’s forest buffer account
California this week retired more than 10% of the offsets in the state’s forest buffer account due to fires, while issuing some 654,400 new credits across five projects.
Read MoreOntario carbon auction sells out for third time, with buyers paying nearly C$2 above the floor
Ontario’s quarterly carbon auction sold out for a third straight time, with 25.3 million current allowances being picked up at almost C$2 above the reserve price.
Read MoreFirst Ontario offset project announced as investment begins flowing ahead of protocol release
Bluesource Canada has signed an agreement to develop one of Ontario’s first offset projects, teaming up with a forest manager to advance the initiative ahead of the forthcoming release of the province’s initial protocols.
Read MoreQuebec post-2020 carbon market rules temporarily lift emissions cap, ready Ontario ETS link
Quebec has released draft regulations paving the way to linking its carbon market with Ontario’s and briefly raising its emissions cap by some 520,000 tonnes amid a post-2020 extension of the scheme.
Read MoreENERGY AND MINES: How is carbon shaping energy for mines?
With insights from mining leaders at Fortescue Metals Group, Gold Fields, Teck Resources, and Avalon Advanced Materials, this article looks at how carbon is driving new energy choices for the global mining sector.
Read MoreNA Markets: Prices slip on both coasts as RGGI market awaits auction outcome
Carbon prices on both US coasts edged lower this week amid modest trading, with a quiet California market and RGGI participants awaiting the outcome of Wednesday’s quarterly auction.
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