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UPDATE – Oregon ETS hearings start as EJ groups, natural gas utilities hit back on programme design

Published 00:06 on February 9, 2019  /  Last updated at 15:02 on February 11, 2019  /  Americas, Canada, US  /  2 Comments

Environmental justice groups have urged Oregon legislators to curtail the use of free allowances and offsets in the state’s proposed cap-and-trade programme, while natural gas utilities are advocating for greater allocations in line with their electric counterparts.

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CLIMATE XCHANGE: Cap-and-trade could be coming to Oregon – Here’s what you need to know

Published 22:49 on February 8, 2019  /  Last updated at 22:50 on February 8, 2019  /  Americas, Canada, Conversations, US, Views  /  No Comments

On the last day of January, Oregon lawmakers introduced their highly-anticipated cap-and-trade bill, sending a loud and clear message that climate change is a top priority this coming session. Massachusetts-based think-tank Climate Xchange breaks down the legislation and offers an analysis of the proposal.

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NA Markets: WCI allowances dip amid swaps, as RGGI stagnates

Published 22:17 on February 7, 2019  /  Last updated at 21:32 on February 8, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices declined this week as entities looked to take advantage of a tighter spread, while RGGI Allowances (RGA) languished despite the ongoing controversies in Virginia.

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Ontario assigns compensation value to voided carbon units

Published 17:25 on February 5, 2019  /  Last updated at 17:42 on February 5, 2019  /  Americas, Canada, US  /  No Comments

Ontario’s environment ministry has laid out the compensation value for unusable carbon compliance instruments from the province’s cancelled ETS, with allowances and offsets fetching the same amount.

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ICE seeking listing for California offset, WCI and RGGI auction-indexed contracts

Published 23:51 on February 4, 2019  /  Last updated at 16:36 on February 5, 2019  /  Americas, Canada, US  /  No Comments

ICE has asked the US Commodities Futures Trading Commission (CFTC) to approve several new carbon market products, including California Carbon Offsets (CCOs).

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Renewed Oregon cap-and-trade push underway as bill released

Published 18:41 on February 1, 2019  /  Last updated at 22:06 on February 5, 2019  /  Americas, Canada, US  /  No Comments

Oregon state lawmakers published draft carbon market legislation on Thursday that would establish an ETS that could link to other North American programmes, with an enlarged Democratic majority potentially enabling the proposal to pass this year.

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NA Markets: WCI, RGGI allowances stagnate without market drivers

Published 22:30 on January 31, 2019  /  Last updated at 00:33 on February 1, 2019  /  Americas, Canada, US  /  No Comments

US carbon prices on both coasts experienced relatively little movement this week, with RGGI allowances (RGAs) slightly increasing as an entity shifted positions on the secondary market, while California Carbon Allowances (CCAs) dipped on thin activity.

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UN-backed $300 mln land restoration fund picks Peru project as first investment

Published 16:53 on January 30, 2019  /  Last updated at 09:17 on January 31, 2019  /  Americas, Canada, Climate Talks, International, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The $300 million Land Degradation Neutrality (LDN) Fund has committed $12 mln to a carbon credit-generating agroforestry project in Peru as its first investment towards restoring degraded land worldwide.

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Analysts slash 2019 Canadian OBPS credit shortfall forecast

Published 21:24 on January 29, 2019  /  Last updated at 23:34 on January 29, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

More lenient standards for coal plants and other industries, along with a lower number of overall participants, will see the forecast compliance unit deficit for large Canadian emitters regulated by the federal Output-Based Pricing System (OBPS) nearly halved this year, according to new analysis released Tuesday.

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California’s PG&E files for bankruptcy to extinguish wildfire liabilities

Published 15:34 on January 29, 2019  /  Last updated at 22:44 on January 29, 2019  /  Americas, Canada, US  /  No Comments

California utility Pacific Gas & Electric (PG&E) filed for bankruptcy protection on Tuesday amid mounting liabilities from wildfires over the past two years.

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