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Fix it or reject it: Environmental groups blast Nova Scotia’s carbon market plans

Published 00:58 on November 4, 2017  /  Last updated at 00:58 on November 4, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Two Canadian environmental groups have outlined what they say are major flaws in Nova Scotia’s proposed carbon market that, if not addressed, should result in the programme being rejected by Ottawa.

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NA Markets: California firmer ahead of compliance, RGGI steady

Published 23:23 on November 2, 2017  /  Last updated at 23:33 on November 2, 2017  /  Americas, Canada, US  /  No Comments

California carbon prices rose as the deadline for partial compliance approached, while allowances on the east coast trod water for most of the week as participants awaited next week’s New Jersey election.

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Global carbon pricing costs, coverage need to rapidly increase, World Bank report warns

Published 16:57 on November 1, 2017  /  Last updated at 16:57 on November 1, 2017  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

The expansion of carbon pricing globally needs to accelerate, while the cost of emitting in most of the jurisdictions that have programmes in place needs to increase rapidly, a World Bank report warned on Wednesday.

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Carbon cash cow: Canadian provincial CO2 revenues set to soar, says RBC economist

Published 23:13 on October 31, 2017  /  Last updated at 23:14 on October 31, 2017  /  Americas, Canada, Carbon Taxes  /  No Comments

Canadian provincial government revenues from carbon pricing schemes are set to more-than double to C$4.7 billion in 2017-18, with that figure poised to climb by a third the following year, according to a report from the economics division of the Royal Bank of Canada.

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IETA urges ICAO Council to approve offset certification programmes for CORSIA

Published 21:49 on October 31, 2017  /  Last updated at 11:40 on November 2, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US, Voluntary Market  /  No Comments

Emissions trading lobby IETA is urging ICAO’s Council to provide clarity for airlines and investors by adopting proposed eligibility criteria for its CORSIA offset programme, which is understood to include at least four established certification programmes.

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ECOSYSTEM MARKETPLACE: Climate Trust sees $5 bln in new demand for North American offsets through 2030

Published 20:46 on October 31, 2017  /  Last updated at 20:46 on October 31, 2017  /  Americas, Canada, Conversations, US, Views, Voluntary Market  /  No Comments

With California’s cap and trade system in place through 2030 and explicit demand for offsets in the legislation, The Climate Trust (The Trust) forecasts that North American carbon markets will demand a cumulative $4.86 billion of offsets from 2017 through 2030.

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Alberta proposes withdrawing six offset protocols over carbon levy overlap

Published 23:21 on October 30, 2017  /  Last updated at 00:46 on October 31, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Alberta’s Climate Change Office (CCO) has proposed withdrawing six offset protocols because the project types’ emissions are now covered by the Canadian province’s carbon levy.

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Canada’s Manitoba unveils C$25 CO2 tax, trading system but defies Ottawa’s demands

Published 18:47 on October 27, 2017  /  Last updated at 15:54 on October 30, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Manitoba has announced that it will impose a flat carbon tax of C$25 per tonne, introducing a hybrid market-based system similar to Alberta’s but putting the province at odds with the pricing demands of the Canadian federal government.

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ICE sells energy and emissions trading platform Trayport to Canada’s TMX

Published 13:11 on October 27, 2017  /  Last updated at 13:11 on October 27, 2017  /  Americas, Bavardage, Canada, EMEA, EU ETS, US  /  No Comments

Exchange operator ICE is selling energy and emissions trading platform Trayport to Canada’s TMX Group, it said Friday, after being forced by the UK’s competition watchdog to unload the holding.

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Mexico launches carbon trading simulation, taking next step towards national ETS

Published 22:56 on October 26, 2017  /  Last updated at 10:06 on October 27, 2017  /  Americas, Canada, Mexico, US  /  No Comments

Mexico has launched its long-awaited carbon trading simulation, moving ahead with plans that are expected to culminate in a national GHG market next year.

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