Carbon Taxes « Carbon Pulse
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New York grid operator releases draft recommendations for CO2 price

Published 20:57 on August 6, 2018  /  Last updated at 22:48 on August 6, 2018  /  Americas, Carbon Taxes, US  /  No Comments

New York’s Independent System Operator (NYISO) on Friday published its draft recommendations for adding a carbon price to the state’s wholesale power markets next decade that would deduct the cost of RGGI allowances purchased at quarterly auctions.

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Ontario formally launches lawsuit against federal carbon price

Published 19:14 on August 2, 2018  /  Last updated at 19:30 on August 2, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Ontario government on Thursday announced its legal challenge to the constitutionality of the federal government’s ‘backstop’ carbon pricing scheme, making good on another of Premier Doug Ford’s campaign promises and setting up a courtroom battle over Ottawa’s attempt to impose its climate strategy on the rest of Canada.

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Alaska floats carbon tax in latest update to draft climate plan

Published 17:04 on August 2, 2018  /  Last updated at 21:21 on August 2, 2018  /  Americas, Carbon Taxes, US  /  No Comments

An expert team appointed by Alaska Governor Bill Walker (I) has proposed to implement a revenue-positive carbon tax for the US state as part of its ongoing process to create a climate change action plan.

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Canada announces sectors for high-leakage classification under federal carbon pricing scheme

Published 23:22 on August 1, 2018  /  Last updated at 03:03 on August 2, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

Environment and Climate Change Canada (ECCC) has named four economic sectors that will be deemed at high risk of carbon leakage as part of its output-based pricing system (OBPS), while also confirming other elements including a weakening of the programme reported by Carbon Pulse last week.

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Rise of international compliance markets will still accommodate voluntary carbon offsets -experts

Published 00:50 on August 1, 2018  /  Last updated at 01:58 on August 1, 2018  /  Africa, Americas, Asia Pacific, Aviation, Carbon Taxes, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, Voluntary Market  /  No Comments

Several opportunities will still exist for voluntary market participants to develop and sell offsets over the next decade as more global compliance mechanisms come online, according to experts.

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Massachusetts legislature reconciles clean energy bill with 2% RPS increase and no carbon price

Published 00:29 on August 1, 2018  /  Last updated at 02:14 on August 1, 2018  /  Americas, Carbon Taxes, US  /  No Comments

The Massachusetts House and Senate approved a bill in the waning hours of the 2018 legislative session on Tuesday that increases the state’s Renewable Portfolio Standard (RPS), but it omitted carbon pricing and several clean energy provisions that both the Senate and environmental advocates had pushed for.

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Carbon pricing, clean energy auctions offer best path to meet state-level GHG goals -report

Published 00:17 on August 1, 2018  /  Last updated at 00:17 on August 1, 2018  /  Americas, Carbon Taxes, US  /  No Comments

US states and wholesale energy market operators should work towards implementing or expanding regional market solutions as the best way to achieve emissions reductions in the power sector, according to a discussion paper released Monday.

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Manitoba releases draft framework for regulating large emitters under carbon tax

Published 01:41 on July 31, 2018  /  Last updated at 14:17 on July 31, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Manitoba government published a discussion paper on Monday laying out how an output-based pricing system (OBPS) would give heavy emitters more flexibility under the Canadian province’s upcoming CO2 tax.

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Ottawa looks to relax benchmarks under Canadian carbon pricing programme

Published 00:51 on July 26, 2018  /  Last updated at 00:53 on July 26, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian government may relax industry production benchmarks under its output-based carbon pricing system (OBPS), which forms part of its backstop carbon pricing plan, as well as introduce a similar metric for the power sector, it said at a workshop on Wednesday.

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Ontario cap-and-trade repeal bill sees compliance obligations, few refunds for purchased allowances

Published 21:24 on July 25, 2018  /  Last updated at 23:03 on July 26, 2018  /  Americas, Canada, Carbon Taxes, US  /  No Comments

The Ontario government on Wednesday introduced a bill to formally repeal the province’s cap-and-trade programme, earmarking compensation equivalent to a tiny fraction of the nearly C$3 billion raised through allowance sales and effectively establishing compliance obligations for the scheme’s emitters.

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