Canada « Carbon Pulse
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NA Markets: RGGI unphased by emissions data as WCI drags

Published 22:52 on August 2, 2018  /  Last updated at 23:20 on August 2, 2018  /  Americas, Canada, US  /  No Comments

North American carbon prices on both coasts this week held steady as the northeast RGGI programme shrugged off higher emissions data while activity was barren in the WCI market.

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Ontario formally launches lawsuit against federal carbon price

Published 19:14 on August 2, 2018  /  Last updated at 19:30 on August 2, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Ontario government on Thursday announced its legal challenge to the constitutionality of the federal government’s ‘backstop’ carbon pricing scheme, making good on another of Premier Doug Ford’s campaign promises and setting up a courtroom battle over Ottawa’s attempt to impose its climate strategy on the rest of Canada.

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Canada announces sectors for high-leakage classification under federal carbon pricing scheme

Published 23:22 on August 1, 2018  /  Last updated at 03:03 on August 2, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

Environment and Climate Change Canada (ECCC) has named four economic sectors that will be deemed at high risk of carbon leakage as part of its output-based pricing system (OBPS), while also confirming other elements including a weakening of the programme reported by Carbon Pulse last week.

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Manitoba releases draft framework for regulating large emitters under carbon tax

Published 01:41 on July 31, 2018  /  Last updated at 14:17 on July 31, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Manitoba government published a discussion paper on Monday laying out how an output-based pricing system (OBPS) would give heavy emitters more flexibility under the Canadian province’s upcoming CO2 tax.

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Massachusetts GHG, energy goals bolstered with signing of international hydroelectric contract

Published 17:47 on July 30, 2018  /  Last updated at 17:47 on July 30, 2018  /  Americas, Canada, US  /  No Comments

Massachusetts utilities inked a deal with a cross-border hydroelectric project last week, helping the state close in on its emissions reduction and clean energy targets and successfully circumventing delays in the state’s original selection.

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Short Ontario emitters won’t face non-compliance penalties in cap-and-trade repeal -official

Published 22:29 on July 27, 2018  /  Last updated at 18:35 on July 30, 2018  /  Americas, Canada, US  /  No Comments

Ontario entities that were not holding enough allowances to cover their emissions prior to Premier Doug Ford revoking the province’s cap-and-trade regulation earlier this month will be deemed in compliance as the government winds down the programme, the environment ministry confirmed on Friday.

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NA Markets: WCI ignores Ontario cap-and-trade repeal as RGGI trends upward

Published 21:39 on July 26, 2018  /  Last updated at 14:20 on July 27, 2018  /  Americas, Canada, US  /  No Comments

North American carbon prices and volumes rose modestly along both coasts this week as the WCI market shrugged off the introduction of a bill to rescind Ontario’s cap-and-trade programme, while increased buying helped lift RGGI allowances.

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Ottawa looks to relax benchmarks under Canadian carbon pricing programme

Published 00:51 on July 26, 2018  /  Last updated at 00:53 on July 26, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian government may relax industry production benchmarks under its output-based carbon pricing system (OBPS), which forms part of its backstop carbon pricing plan, as well as introduce a similar metric for the power sector, it said at a workshop on Wednesday.

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California, Quebec hand out total 118k offsets

Published 22:08 on July 25, 2018  /  Last updated at 22:08 on July 25, 2018  /  Americas, Canada, US  /  No Comments

California state regulator ARB distributed 94,800 compliance-grade offsets this week to livestock projects, while Quebec’s environment ministry awarded 23,100 credits in the agency’s second issuance this month.

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Ontario cap-and-trade repeal bill sees compliance obligations, few refunds for purchased allowances

Published 21:24 on July 25, 2018  /  Last updated at 23:03 on July 26, 2018  /  Americas, Canada, Carbon Taxes, US  /  No Comments

The Ontario government on Wednesday introduced a bill to formally repeal the province’s cap-and-trade programme, earmarking compensation equivalent to a tiny fraction of the nearly C$3 billion raised through allowance sales and effectively establishing compliance obligations for the scheme’s emitters.

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