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More ambitious Alberta climate plan would yield little economic harm, despite govt claims -economist

Published 20:58 on November 18, 2019  /  Last updated at 23:24 on November 18, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Implementing the previous Alberta NDP government’s carbon pricing regime and climate plan would not significantly harm the Canadian province’s economy, despite the current conservative-led administration claiming otherwise, an economist said in response to a report released Friday.

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Swiss carbon prices soar 150% in latest auction, as EU link draws closer

Published 13:12 on November 18, 2019  /  Last updated at 13:59 on November 18, 2019  /  Carbon Taxes, EMEA, EU ETS, Switzerland  /  No Comments

Swiss carbon prices have soared by 150% in the country’s latest allowance auction, with values finally starting to converge with EU prices as the two markets near linkage.

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CORRECTION: Canadian election, Alberta TIER programme spur optimism for offset investors

Published 18:08 on November 12, 2019  /  Last updated at 14:48 on November 13, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Canada’s federal and provincial compliance offset markets have received a boost from the re-election of Prime Minister Justin Trudeau and Alberta’s proposed new emissions-cutting mechanism, but industry stakeholders believe several outstanding issues must be resolved before investment can take off.

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British Columbia has lone proposed large emitter programme to meet federal requirements -research

Published 20:50 on November 11, 2019  /  Last updated at 23:54 on November 11, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

British Columbia’s yet-to-be-finalised carbon pricing system for large industry is the only proposed scheme among Canada’s provinces that meets the environmental stringency requirements of the federal government’s ‘backstop’ mandate, a report released on Saturday found.

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Alberta to negotiate escalating large emitter CO2 price with federal government

Published 20:33 on November 1, 2019  /  Last updated at 20:37 on November 1, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta has not committed to raise the province’s carbon price under its proposed output-based pricing system in line with Ottawa’s ‘backstop’ rate for 2021, as a provincial official said Friday that it would instead negotiate with the Canadian federal government on the topic.

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Alberta’s proposed CO2 pricing regime lacking on industry benchmarks, excelling on electricity -analysts

Published 21:33 on October 30, 2019  /  Last updated at 21:33 on October 30, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Alberta government’s proposed output-based pricing system (OBPS) could penalise early movers and provide windfall profits to dirtier industrial firms in the Canadian province, while the uniform electricity sector standard would prove more ambitious than the benchmarks set by the federal ‘backstop’ programme, economists and analysts said.

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Alberta to pursue C$30/t carbon charge, alter benchmarks in large emitter programme

Published 23:05 on October 29, 2019  /  Last updated at 23:11 on October 29, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta’s United Conservative Party (UCP) government on Tuesday unveiled its overhaul of the province’s output-based pricing system (OBPS), maintaining the regime’s carbon charge but weakening industry production benchmarks in what could become a potential point of contention with the Canadian federal government.

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Canadian large emitter programme may experience offset supply dearth for 2019 -analysts

Published 01:28 on October 23, 2019  /  Last updated at 01:34 on October 23, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Canada’s ‘backstop’ output-based pricing system (OBPS) may not have an adequate supply of offsets available before next year’s inaugural compliance deadline, stemming from the slow rollout of federal and provincial protocols, a conference heard Tuesday.

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Liberal minority gov’t offers hope for Canadian climate policy, carbon pricing to stay the course

Published 08:25 on October 22, 2019  /  Last updated at 00:46 on October 23, 2019  /  Americas, Canada, Carbon Taxes, International, US  /  No Comments

Canadian Prime Minister Justin Trudeau’s Liberals lost their parliamentary majority in Monday’s federal election but still exceeded many pollsters’ expectations, as a stronger showing by left-leaning parties could pressure a deeper commitment to climate ambition and stave off the oil and gas-centred demands of the resurgent Conservatives.

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FEATURE: Canadian carbon markets, climate policy hinging on next week’s election

Published 02:26 on October 18, 2019  /  Last updated at 21:36 on October 18, 2019  /  Americas, Canada, Carbon Taxes, International, RINs & LCFS, US, Voluntary Market  /  No Comments

An erosion of Canadian voter support for the incumbent Liberals and poll-leading opposition Conservatives may open a range of minority government possibilities ahead of the national election on Monday, the outcome of which will have a significant impact on the country’s federal and provincial climate policies and environmental markets.

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