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California’s ARB approves cap-and-trade amendments for post-2020 reforms

Published 00:40 on December 14, 2018  /  Last updated at 01:37 on December 14, 2018  /  Americas, Canada, US  /  No Comments

California regulator ARB approved a suite of amendments on Thursday that will alter several price and offset-related elements of the programme, and also included language to ease concerns about oversupply, cost containment, and indirect emissions.

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NA Markets: RGGI activity rises after auction as California prices edge up

Published 16:16 on December 13, 2018  /  Last updated at 21:45 on December 13, 2018  /  Americas, Canada, US  /  No Comments

RGGI allowances (RGAs) saw mixed price reactions and increased activity following the Dec. 5 auction result, while California Carbon Allowances (CCAs) rose slightly over the past week on thin volume.

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Large CCO-3 issuances continue as California mints 366k credits

Published 21:00 on December 12, 2018  /  Last updated at 01:38 on December 13, 2018  /  Americas, Canada, US  /  No Comments

California reduced the invalidation period on 11.1 million existing credits, marking the second straight issuance with huge CCO-3 issuances, regulatory data shows.

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California officials anticipate carbon market amendment package to pass, sources say

Published 18:37 on December 12, 2018  /  Last updated at 01:45 on December 13, 2018  /  Americas, Canada, US  /  No Comments

California regulator ARB is expected to approve the cap-and-trade amendments up for discussion at Thursday’s board meeting, with little chance of changing its position on the major elements of the proposal, sources said.

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California power emissions continue rising as natural gas increases

Published 15:34 on December 12, 2018  /  Last updated at 01:55 on December 13, 2018  /  Americas, Canada, US  /  No Comments

California power utilities are poised to emit more CO2 in 2018 as hydroelectric power continues to decline and natural gas-fired generation rises, according to state and federal data.

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COP24: California, Quebec continuing ETS linkage discussions with New Zealand

Published 18:15 on December 11, 2018  /  Last updated at 02:21 on December 12, 2018  /  Americas, Asia Pacific, Canada, New Zealand, US  /  No Comments

California and Quebec are continuing talks with New Zealand about potential linkage opportunities after spending more than a year discussing each other’s carbon schemes, according to an ARB official and documents.

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COP24: Canada must double NDC, curb oil output to meet 1.5C target -report

Published 19:42 on December 10, 2018  /  Last updated at 23:46 on December 10, 2018  /  Americas, Canada, Climate Talks, International, US  /  No Comments

The Canadian federal government will need to double its Paris emission pledge to keep global temperatures below 1.5C and curb its fast rising oil and gas emissions, a report said on Monday.

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NA Markets: WCI, RGA prices dip despite increased activity on secondary market

Published 20:38 on December 6, 2018  /  Last updated at 22:12 on December 6, 2018  /  Americas, Canada, US  /  No Comments

RGGI allowance (RGA) prices declined by double-digits ahead of the final 2018 auction and amid increased activity, while California Carbon Allowance (CCA) prices dipped as entities looked to shift positions across the curve.

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Canada’s BC unveils long-term climate strategy aimed at electrification, higher LCFS

Published 22:47 on December 5, 2018  /  Last updated at 17:28 on December 11, 2018  /  Americas, Canada, RINs & LCFS  /  No Comments

British Columbia’s government outlined a long-term climate strategy Wednesday aimed at electrifying its transportation sector, increasing its energy efficiency from buildings, and reducing emissions from its industrial sector.

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California utilities push for delay to EIM rules in cap-and-trade amendments

Published 19:26 on December 5, 2018  /  Last updated at 22:01 on December 5, 2018  /  Americas, Canada, US  /  No Comments

California utilities are asking state regulator ARB to withdraw its proposal to regulate indirect emissions from the Energy Imbalance Market (EIM) and continue its existing policy through 2019, according to public comments.

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