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Ontario unveils ‘open architecture’ framework for voluntary offset scheme

Published 23:33 on April 16, 2018  /  Last updated at 02:22 on April 17, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

The Ontario government has released a framework for its voluntary offset programme, approving three quantification methodologies under an ‘open architecture’ approach that doesn’t limit project types.

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Ontario approves two new offset protocols, updates third

Published 23:23 on April 12, 2018  /  Last updated at 23:23 on April 12, 2018  /  Americas, Canada  /  No Comments

The Ontario Ministry of Environment and Climate Change (MOECC) finalised two offset protocols for use in the province’s cap-and-trade programme on Thursday, while also updating a third.

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NA Markets: Prices lift as trade picks up after conference

Published 22:37 on April 12, 2018  /  Last updated at 22:37 on April 12, 2018  /  Americas, Canada, US  /  No Comments

Prices on both coasts increased moderately this week and trading activity picked up in the as participants returned to their desks after the NACW industry conference.

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No California offsets issued for first time in over two years

Published 21:40 on April 11, 2018  /  Last updated at 21:43 on April 11, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB did not hand out any California Carbon Offsets (CCOs) on Wednesday, the first issuance round since June 2015 where no new offsets were distributed.

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ANALYSIS: Beyond Ontario, political and regulatory risks still hang over WCI market

Published 21:51 on April 10, 2018  /  Last updated at 21:56 on April 10, 2018  /  Americas, Canada, Carbon Taxes, US  /  No Comments

With all eyes on the political uncertainty stemming from Ontario’s upcoming election, experts say many WCI market participants are overlooking other risks to the programme.

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Carbon pricing having positive economic, environmental impact on Ontario -reports

Published 21:14 on April 10, 2018  /  Last updated at 21:20 on April 10, 2018  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Ontario is beginning to experience beneficial effects from its cap-and-trade programme, both on the economy and GHG emissions, that are expected to continue over the next several years, according to two related studies released on Monday.

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Ontario cap-and-trade exit will be hard but new govt could “screw up” market, says former minister

Published 01:30 on April 7, 2018  /  Last updated at 01:30 on April 7, 2018  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Dismantling Ontario’s cap-and-trade scheme and exiting the North American WCI programme would be “pretty hard” for a new provincial government to do without incurring high costs or denting business and investor confidence, according to Ontario’s former environment minister.

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Canada’s Yukon could lower emissions by 5.4% with carbon tax -report

Published 01:25 on April 7, 2018  /  Last updated at 01:25 on April 7, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

Adopting the Canadian government’s ‘backstop’ carbon tax could lower emissions in the country’s Yukon territory by 5.4% over the next five years, according to report released by the territorial government on Thursday.

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Alberta finalises plan to withdraw six offset protocols

Published 00:27 on April 7, 2018  /  Last updated at 00:27 on April 7, 2018  /  Americas, Canada, Carbon Taxes, Voluntary Market  /  No Comments

The Alberta Climate Change Office (CCO) has confirmed that it will scrap six offset protocols, while also flagging another for withdrawal, according to a memo released on Friday.

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NA Markets: Trading slows as carbon conference commences

Published 23:48 on April 6, 2018  /  Last updated at 04:50 on April 7, 2018  /  Americas, Canada, US  /  No Comments

California carbon prices fell slightly this week on light volumes following the Easter holiday break and as a large portion of the market attended a major conference in San Francisco.

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