Latest

COP25: Aviation offset stakeholders hit back at report criticising CORSIA applicants

Published 15:18 on December 7, 2019  /  Last updated at 15:55 on December 7, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A recent study challenging the carbon credit standards that have applied for the global CORSIA aviation offsetting scheme made questionable interpretations of the programme’s environmental criteria, and also ran counter to UN body ICAO’s own guidance in the process, developers and brokers said Friday.

Read More
Latest

California carbon allowance industrial allocation jumps 16% in 2020

Published 23:58 on December 6, 2019  /  Last updated at 08:34 on December 7, 2019  /  Americas, Canada, US  /  No Comments

Industrial allowance allocation for California facilities regulated under the state’s WCI-linked cap-and-trade programme rose by roughly 15 million in 2020, as the number of those permits eligible for past compliance obligations more than doubled, according to data published Friday.

Read More
Latest

CORRECTION: Canada accepts Alberta TIER programme for 2020, though future years uncertain

Published 19:26 on December 6, 2019  /  Last updated at 12:40 on December 7, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian federal government on Friday approved Alberta’s market-based large emitter regime to operate next year, but the province indicated it would continue to resist Ottawa’s rising CO2 price mandate from 2021.

Read More
Latest

NA Markets: California prices sink after auction, RGGI slides into Q4 sale

Published 18:13 on December 5, 2019  /  Last updated at 23:41 on December 5, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCAs) prices fell this week to counter an initially bullish reaction to last week’s Q4 WCI auction, while RGGI Allowances (RGAs) slid heading into the Northeast US carbon market’s final sale of 2019.

Read More
Latest

California’s difficult path to 2030 emissions goal could increase CCA volatility -analysts

Published 01:10 on December 5, 2019  /  Last updated at 01:10 on December 5, 2019  /  Americas, Canada, US  /  No Comments

Analysts expect further price volatility in the WCI-linked ETS as California’s existing suite of environmental policies is unlikely to hit the state’s long-term emissions goals.

Read More
Latest

California fuel consumption remains slightly above 2018 levels

Published 23:57 on December 4, 2019  /  Last updated at 23:57 on December 4, 2019  /  Americas, Canada, US  /  No Comments

California’s cumulative fuel consumption maintained its slight edge above last year’s levels through August, but transportation emissions are likely to remain on par with 2018, state data showed.

Read More
Latest

Ontario climate plan falls short on GHG targets, emitter programme -gov’t watchdog

Published 19:23 on December 4, 2019  /  Last updated at 01:23 on December 5, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Premier Doug Ford’s government will not meet its emission goals through its suite of environmental policies revealed last year, with Ontario’s proposed output-based pricing system (OBPS) revealed to be even weaker than previously expected, the Canadian province’s watchdog said Wednesday.

Read More
Latest

EXCLUSIVE: California issued offsets to livestock project after discovering prior regulatory violations

Published 01:40 on December 3, 2019  /  Last updated at 01:40 on December 3, 2019  /  Americas, Canada, US  /  No Comments

California regulator ARB knew of alleged regulatory compliance offences at a Michigan-based WCI livestock project for five months before launching an investigation last month, but still chose to issue offsets after uncovering those problems, documents show.

Read More
Latest

WCI auction supply sinks in 2020 as floor price rises to $16.68

Published 21:00 on December 2, 2019  /  Last updated at 17:57 on December 3, 2019  /  Americas, Canada, US  /  No Comments

California’s 2020 cap-and-trade auction floor price will be set at $16.68, as the total auction supply in the linked WCI market will dip by 14% due to true-up allocations, the state regulator ARB confirmed Monday.

Read More
Latest

PREVIEW COP25: UN carbon market talks to take centre stage in Madrid

Published 01:00 on November 30, 2019  /  Last updated at 23:04 on December 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Officials from nearly 200 governments arrive at COP25 in Madrid next week to hammer out the rules for international emissions trade under the Paris Agreement, with several testing issues remaining from last year when disagreements nearly threw off a wider deal on the 2015 pact.

Read More