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California fuel consumption dips for second straight month, as power emissions decline

Published 19:58 on June 19, 2019  /  Last updated at 19:58 on June 19, 2019  /  Americas, Canada, US  /  No Comments

California’s fuel consumption continued to fall below prior years early in 2019, while greater hydro generation is also reducing ETS-covered emissions from the state’s electric grid, according to government data.

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Fund Climate Trust Capital begins monetising California offsets, eyes second investment vehicle

Published 19:52 on June 19, 2019  /  Last updated at 19:52 on June 19, 2019  /  Americas, Canada, US  /  No Comments

US-based fund Climate Trust Capital (CTC) is beginning to sell California Carbon Offsets (CCOs) generated through its first round of project investments, and it is targeting the launch of a second fund by early next year.

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UPDATE – Oregon House sends on ETS legislation after marathon session

Published 04:37 on June 18, 2019  /  Last updated at 16:13 on June 18, 2019  /  Americas, Canada, US  /  No Comments

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.

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California’s IEMAC outlines potential carbon surplus calculations and remedy options

Published 00:22 on June 15, 2019  /  Last updated at 00:22 on June 15, 2019  /  Americas, Canada, US  /  No Comments

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.

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California ETS advisory group member resigns in career move

Published 18:13 on June 14, 2019  /  Last updated at 18:36 on June 14, 2019  /  Americas, Canada, US  /  No Comments

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.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

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.

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California’s ARB defends forestry protocol, stops short of agreeing to technical review

Published 23:15 on June 13, 2019  /  Last updated at 23:15 on June 13, 2019  /  Americas, Canada, US  /  No Comments

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.

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Canadian federal govt won’t impose ‘backstop’ CO2 tax on Alberta until 2020

Published 23:02 on June 13, 2019  /  Last updated at 14:31 on June 14, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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New Brunswick offers weaker standards for output-based pricing system

Published 22:50 on June 13, 2019  /  Last updated at 22:50 on June 13, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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NA Markets: California allowances continue retracement, RGGI dips despite increased buying

Published 22:38 on June 13, 2019  /  Last updated at 22:38 on June 13, 2019  /  Americas, Canada, US  /  No Comments

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.

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