UPDATE – The Nature Conservancy taking over large WCI forestry offset project
Environmental group The Nature Conservancy (TNC) will acquire a southeast US forestry project that has already generated several million California Carbon Offsets (CCOs) through the WCI cap-and-trade programme, with the organisation accumulating a majority of those credits in the process.
Read MoreCalifornia carbon bull run to continue as financials staking long-term claims -analysts
The price surge in California Carbon Allowances (CCAs) over the last month and a half is not likely to fade any time soon as new speculators bet that the WCI programme will tighten in the coming years, according to analysts.
Read MoreOntario lawyers go head-to-head with Ottawa in second carbon price lawsuit
Ontario lawyers argued this week during a second provincial lawsuit against the Canadian federal government’s ‘backstop’ carbon pricing mechanism that Ottawa does not have the authority to impose its CO2 levy and large emitter programme on provinces.
Read MoreNA Markets: California allowances retrace before Easter holiday as RGGI stagnates
California Carbon Allowance (CCA) prices declined during the week as many traders were out of the office, while RGGI allowances (RGAs) failed to budge on the secondary market.
Read MoreAlberta’s UCP wins election, ending NDP carbon tax and setting up another Canadian climate policy showdown
Alberta’s United Conservative Party (UCP) and leader Jason Kenney were elected in a landslide victory in the Canadian province on Tuesday, ending the ruling NDP’s two-year old carbon pricing programme and setting up multiple battles with the federal government over the party’s pledged climate policy rollbacks.
Read MoreNova Scotia ETS kicks off as first allowances distributed
Nova Scotia allocated its first cap-and-trade permits on Monday following the start of its ETS on Jan. 1, though several design elements of the Canadian province’s programme are still to be determined over the coming year.
Read MoreAlberta oil sands leading Canada’s emissions further off track from Paris target -data
Canada’s economy-wide emissions rose in 2017 on the back of higher output in Alberta’s oil and gas sector, leading the country further away from hitting its GHG target under the UN Paris Agreement, according to government data released Monday.
Read MoreOntario emissions declined during first year of now-defunct ETS, data shows
All three of Ontario’s largest emitting sectors saw their GHG output drop during the first year of the Canadian province’s now-cancelled cap-and-trade programme, according to government data.
Read MoreIncubEx adds senior vice president for North American environmental markets
Product and business development firm IncubEx has hired its senior vice president to assist in the company’s expansion of exchange-traded North American carbon and renewable energy commodities.
Read MoreFEATURE: Alberta election stoking uncertainty for province’s offset industry
Offset market participants and developers are closely monitoring the outcome of Alberta’s Apr. 16 election, as a victory by the opposition and poll-leading United Conservative Party (UCP) could dramatically alter the landscape of the Canadian province’s decade-old industry.
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