Mexico eyes late 2017 ETS launch, path to California link
Mexico is gearing up to launch its emissions trading system the second half of 2017, just ahead of the country’s December general election and with a link to California firmly in mind.
Read MoreEXCLUSIVE: Switzerland, Canadian provinces in high-level carbon market linking talks
Switzerland, Quebec and Ontario have opened high-level talks over linking their carbon markets, several well-placed sources told Carbon Pulse, in what could develop into a bridge between North America and Europe’s emissions trading schemes.
Read MoreSub-nationals to forge path to North American carbon market -Canadian ministers
Moves towards a North American carbon market will need to be driven by states and provinces, two Canadian environment ministers suggested on Wednesday, meaning sub-national governments would continue to be key pioneers in expanding carbon pricing globally.
Read MoreOntario, Quebec strike carbon trading deal with Mexico
Canadian provinces Ontario and Quebec on Wednesday struck a deal with Mexico to cooperate on carbon trading, bringing North America a small step closer to a common emissions market.
Read MoreReal emissions, fake money: Mexico takes baby steps towards carbon trade
Mexico’s launch of a pilot emissions trading initiative will simulate a cap-and-trade system but feature no real transactions in an effort to prepare companies for the real thing.
Read MoreMexico to roll out pilot carbon trading market in 2017
Mexico will launch a pilot emissions trading scheme next year covering 60 major power generators, manufacturers, and transport firms, the government announced, as it gears up efforts to use market-based mechanism to cut carbon.
Read MoreWITHDRAWN-Colombian firm seeks Mexican CERs, says willing to pay premium
**We have withdrawn the story below at the request of MGM Innova, which claims that the UNFCCC made a series of mistakes in handling the firm’s expression of interest, including publishing an incorrect reference price on its website. The company also said it had already purchased the CERs by the time the UNFCCC posted this notice.**
Read MoreInternational emission trade talks begin slowly as NZ, Japan set pace
UN climate negotiations meeting in Bonn over the past fortnight began a long-haul process to refine rules for international emissions trade, with Japan and New Zealand vowing to advance their own plans regardless.
Read MoreValue of global CO2 pricing schemes steady at $50B in 2015, but govt revenues up 60% -World Bank
The world’s carbon markets and tax regimes were collectively worth just under $50 billion last year, little changed from 2014’s levels, though governments were able to raise 60% more through the schemes, according to a joint report by the World Bank and consultancy Ecofys.
Read MorePrice-driven GHG cuts get more elusive as expectations diverge -survey
A yawning gap has emerged between the carbon prices that IETA members expect and those they think are needed to meet the objectives of the Paris Agreement, a survey showed.
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