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US Carbon Pricing Roundup for week ending June 7

Published 18:42 on June 7, 2019  /  Last updated at 18:42 on June 7, 2019  /  Americas, Carbon Taxes, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy legislation at the US subnational and federal level taken this week, including a push to vote on New York’s omnibus climate policy bill, clean energy and GHG target developments in Maine, and news on California offset and hydropower bills.

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Carbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report

Published 04:52 on June 7, 2019  /  Last updated at 00:56 on June 8, 2019  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, EU ETS, International, Japan, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.

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Canada’s Northwest Territories to delay carbon tax by two months

Published 15:37 on June 6, 2019  /  Last updated at 15:38 on June 6, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Northwest Territories (NWT) government will delay the implementation of its C$20 carbon levy from next month until September as it requires more time to review the policy’s underlying legislation, but it added the Canadian federal government would not fill in the two-month gap with Ottawa’s ‘backstop’ CO2 tax.

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Alberta eliminates C$30 carbon levy, but timeline for federal replacement uncertain

Published 19:49 on June 5, 2019  /  Last updated at 19:51 on June 5, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Legislation eliminating Alberta’s C$30 carbon tax entered into force on Tuesday, but the timeline is still uncertain for the federal government to impose its ‘backstop’ fossil fuel levy on the Canadian province in response.

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US carbon tax could incentivise fuel switching in power sector, study finds

Published 17:07 on June 5, 2019  /  Last updated at 17:07 on June 5, 2019  /  Americas, Carbon Taxes, US  /  No Comments

A national US carbon tax could reduce the amount of coal-fired generation and cause power sector emissions to decline by as much as 22% in the short term, according to a study published Wednesday.

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Ontario govt’s climate plan would see GHG reduction costs soar compared to federal ‘backstop’ -report

Published 20:00 on June 4, 2019  /  Last updated at 20:02 on June 4, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Ontario Progressive Conservative government’s suite of climate policies would significantly increase costs for the same amount of emissions abatement that would be achieved under Ottawa’s ‘backstop’ carbon levy and output-based pricing system (OBPS), a study found Tuesday.

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Saskatchewan considering federal offset criteria as it looks to implement programme in 2020

Published 18:49 on May 29, 2019  /  Last updated at 23:07 on May 29, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Saskatchewan government is keeping in mind certain federal eligibility criteria to allow jurisdictional offsets to qualify under Ottawa’s large emitter trading system, and the Canadian province will soon commence a series of stakeholder meetings as it looks to operationalise its own compliance offset programme next year.

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Steelmaker ArcelorMittal flags second cut in EU output, blaming imports

Published 15:28 on May 29, 2019  /  Last updated at 21:36 on May 29, 2019  /  Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Steelmaker ArcelorMittal has flagged its second cut in EU ETS-regulated output this month, blaming a surge in imports and weak demand as it launched a net zero 2050 EU emission roadmap that it said would require substantial government aid and a carbon border tariff.

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Alberta moves to repeal carbon tax, while large emitter bill not expected till autumn

Published 18:22 on May 23, 2019  /  Last updated at 18:25 on May 23, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta’s newly-elected United Conservative Party (UCP) government introduced a bill Wednesday to eliminate the previous administration’s C$30 carbon tax by next week, adding that legislation to overhaul the Canadian province’s large emitter trading programme would not follow until the fall.

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UK needs sectoral CO2 prices of up to $204/t for net zero 2050 goal -report

Published 00:01 on May 22, 2019  /  Last updated at 07:44 on May 22, 2019  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The UK should deploy sectoral carbon pricing rising to as high as £160/tonne ($204, €183), including breaking up pricing for EU ETS-covered industries, to meet a net zero 2050 goal, prominent academics said in a report on Wednesday.

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