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US Carbon Pricing Roundup for week ending May 17

Published 18:16 on May 17, 2019  /  Last updated at 18:16 on May 17, 2019  /  Americas, Carbon Taxes, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including the New Hampshire legislature passing a bill to divert RGGI funding to energy efficiency projects and remove an exit clause, the US House of Representatives discussing carbon taxes in the chamber’s tax-writing committee, and California officials floating the idea of banning internal combustion engines to counter federal vehicle fuel standard rollbacks.

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Canadian Conservative climate plan to lean more on int’l offsetting, leader suggests

Published 00:52 on May 16, 2019  /  Last updated at 01:09 on May 16, 2019  /  Americas, Canada, Carbon Taxes, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

Canadian federal Conservative leader Andrew Scheer has suggested his party’s long-awaited climate plan will aim to hit the country’s Paris Agreement targets by relying more on the purchase of international offsets compared to domestic abatement spurred by carbon pricing.

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New group of Fortune 500 CEOs calls for economy-wide US carbon price

Published 17:57 on May 15, 2019  /  Last updated at 23:44 on May 15, 2019  /  Americas, Carbon Taxes, US  /  No Comments

A new coalition of multinational fossil fuel and industrial CEOs, environmental groups, and think-tanks issued a call Wednesday for the US Congress and President Donald Trump to enact a market-based climate policy along with other initiatives to drive emission reductions and promote equity and durability.

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Alberta offset stakeholders cautious amid new government’s policy uncertainty

Published 02:41 on May 14, 2019  /  Last updated at 02:41 on May 14, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta compliance offset traders and developers are taking a wait-and-see approach to making long-term investments as they await more details on how the new UCP government intends to overhaul the Canadian province’s large emitter programme.

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EU airline emissions could fall 11% under “negligible” tax, leaked report shows

Published 00:07 on May 14, 2019  /  Last updated at 01:26 on May 14, 2019  /  Aviation, Carbon Taxes, EMEA, EU ETS  /  No Comments

Taxing aviation fuel in the EU would cut the sector’s emissions by 11% while having only a “negligible” impact on GDP and jobs, according to a European Commission report leaked on Monday.

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PJM targeting late summer for electricity market carbon pricing study

Published 17:54 on May 8, 2019  /  Last updated at 22:41 on May 8, 2019  /  Americas, Carbon Taxes, US  /  No Comments

US regional grid operator PJM is aiming to release a study on incorporating a CO2 charge into the wholesale power market by the end of the summer, coming after a committee recently endorsed utility requests to conduct analyses on the topic.

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SAVE THE DATE: Carbon Forward 2019 – Survive and thrive in the global carbon markets

Published 10:31 on May 8, 2019  /  Last updated at 10:37 on May 8, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Learn how to survive and thrive in carbon markets by joining us at the 4th annual CARBON FORWARD conference & training day where we will be joined by the pre-eminent experts to discuss a programme developed by environmental market experts and based on feedback from companies like yours.

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IMF suggests global carbon price floors to bolster Paris pact

Published 21:28 on May 6, 2019  /  Last updated at 22:18 on May 6, 2019  /  Carbon Taxes, Climate Talks, International, New Market Mechanisms  /  No Comments

Big-emitting countries could voluntarily agree to set a carbon price floor to guarantee minimum emission cuts while securing global competitiveness for industry, senior IMF officials have suggested.

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UPDATE- Saskatchewan court upholds constitutionality of Canadian ‘backstop’ carbon pricing plan

Published 19:29 on May 3, 2019  /  Last updated at 21:40 on May 3, 2019  /  Americas, Canada, Carbon Taxes, International  /  No Comments

The Saskatchewan Court of Appeals ruled Friday that Ottawa has the authority to impose its ‘backstop’ CO2 tax and output-based pricing system (OBPS) on the province, upholding the legality of the Canadian federal government’s landmark climate policy.

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Washington state LCFS, carbon pricing bills fail to pass as 2019 session ends

Published 16:51 on April 29, 2019  /  Last updated at 22:53 on April 29, 2019  /  Americas, Carbon Taxes, RINs & LCFS, US  /  No Comments

Washington state’s legislative session drew to a close on Sunday without lawmakers having endorsed proposals for a low-carbon fuel standard (LCFS) or various forms of carbon pricing, despite last ditch efforts to include a scaled-down version of the clean fuels programme.

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