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California Tropical Forest Standard leaves stakeholders divided despite revisions

Published 22:39 on September 3, 2019  /  Last updated at 22:51 on September 3, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

Alterations to California’s Tropical Forest Standard (TFS) this summer did little to change supporters’ and opponents’ views of the possible precursor to jurisdictional REDD offsetting in domestic and international carbon markets, according to public comments released late last week.

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ANALYSIS: Traders see oddity in WCI advance auction result as demand wanes

Published 15:44 on August 30, 2019  /  Last updated at 15:45 on August 30, 2019  /  Americas, Canada, US  /  No Comments

The Q3 WCI advance auction settlement has surprised market participants, who had anticipated the Vintage 2022 sale to clear closer to the current vintage auction price with stronger bids.

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FEATURE: Countries set to spurn UN chief’s calls for more climate ambition

Published 11:12 on August 30, 2019  /  Last updated at 11:28 on August 30, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Other APAC, South & Central, South Korea, US  /  No Comments

World leaders are unlikely to heed the UN secretary-general’s calls for countries to ramp up their Paris Agreement ambition next month, as domestic concerns and indifference from the US administration and other global heavyweights outweigh increasingly alarming evidence of a climate emergency.

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NA Markets: California prices decline after Q3 auction, RGGI inches up

Published 19:08 on August 29, 2019  /  Last updated at 19:08 on August 29, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices declined this week following the publication of the August WCI auction results, while RGGI allowance (RGAs) found additional support on thin volume ahead of the programme’s quarterly sale next week.

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California fuel consumption continues to drop on falling diesel

Published 22:30 on August 28, 2019  /  Last updated at 22:30 on August 28, 2019  /  Americas, Canada, US  /  No Comments

California fuel consumption fell in May for the fourth consecutive month as diesel sales continue to deviate from 2018 levels, likely leading to lower annual compliance obligations in the WCI cap-and-trade scheme.

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Climate Action Reserve salvaging Ontario grassland protocol with voluntary Canadian initiative

Published 22:22 on August 28, 2019  /  Last updated at 22:32 on August 28, 2019  /  Americas, Canada, Carbon Taxes, US, Voluntary Market  /  No Comments

Offset registry Climate Action Reserve (CAR) is aiming to finalise its voluntary Canadian grassland offset protocol this fall after the Ontario government cancelled the entity’s WCI contract earlier this year, and the methodology could still be used in federal or provincial-run compliance markets. 

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California offset issuances drop under 500k as supply climbs to 161.5 mln

Published 21:28 on August 28, 2019  /  Last updated at 16:52 on August 29, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB granted under half a million California Carbon Offsets (CCOs) across three protocols this week and reduced the invalidation period on an additional 447,000 offsets, state data showed.

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UDPATE – Q3 WCI auction settlement retraces from previous high, discount tightens

Published 21:09 on August 27, 2019  /  Last updated at 22:34 on August 27, 2019  /  Americas, Canada, US  /  No Comments

The California-Quebec current vintage auction settlement dipped from the WCI programme’s all-time high in May as entities sought additional discounts from lower secondary market prices this summer, results showed Tuesday.

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California mine methane capture offsets risk non-additionality and increasing coal profitability -study

Published 22:16 on August 26, 2019  /  Last updated at 22:25 on August 26, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

The design of California’s mine methane capture (MMC) offset protocol may incentivise non-additional emission reductions and allow coal operations to run longer by improving profitability, researchers said in a new study.

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Oregon Senate Democrats will seek constitutional amendment after ETS bill failure

Published 23:02 on August 23, 2019  /  Last updated at 23:13 on August 23, 2019  /  Americas, Canada, US  /  No Comments

Oregon Senate Democrats will look to amend the constitution next year to prevent Republicans from denying the majority party a quorum to conduct legislative business, a feat that helped sink the US state’s WCI-modelled cap-and-trade proposal this summer.

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