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California’s ARB amends November carbon auction to add 1.2 mln V16s

Published 21:44 on October 19, 2018  /  Last updated at 21:44 on October 19, 2018  /  Americas, Canada, Carbon Taxes, US  /  No Comments

The California Air Resources Board (ARB) on Friday revised its November auction to include an additional 1.2 million Vintage 2016 allowances that had previously been omitted.

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Maine environmental groups say cross-border hydro line could increase NE emissions

Published 19:10 on October 19, 2018  /  Last updated at 19:10 on October 19, 2018  /  Americas, Canada, US  /  No Comments

An international hydroelectric project set to deliver clean energy to Massachusetts should not proceed, because it may actually contribute to increased GHG emissions, according to a new report commissioned by three Maine environmental groups.

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California carbon market reform delay due to price band questions, politics -sources

Published 16:57 on October 19, 2018  /  Last updated at 22:00 on October 19, 2018  /  Americas, Canada, US  /  No Comments

California’s Air Resources Board (ARB) postponed its approval of cap-and-trade amendments this week as it grapples with a flood of industry questions about proposed price band levels, with political issues tied to the US midterm elections also playing a role in the delay, regulatory sources said.

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Pressure mounts on GCF board as tense meeting heads into final day

Published 16:55 on October 19, 2018  /  Last updated at 08:02 on October 20, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, US  /  No Comments

The Green Climate Fund (GCF) board wrangled for hours on Friday as nations debated whether to give climate aid to an oil-rich Gulf state.

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Power sector continues to drive US GHG reductions

Published 23:09 on October 18, 2018  /  Last updated at 02:10 on October 19, 2018  /  Americas, Carbon Taxes, US  /  No Comments

Continued GHG reductions in the electricity sector contributed to total US emissions dropping by 2.6% in 2017, while states exploring carbon pricing options saw a similar trend last year, according to EPA data released on Wednesday.

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NA Market: RGGI stretches two-year high as WCI sees slight increase

Published 23:00 on October 18, 2018  /  Last updated at 23:29 on October 18, 2018  /  Americas, Canada, US  /  No Comments

RGGI allowances prolonged a two-year high on the secondary market as speculators continued to add support, while California units saw minor gains ahead of the upcoming compliance deadline and auction.

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Michigan lawmaker proposes 100% RPS by mid-century

Published 22:43 on October 18, 2018  /  Last updated at 23:16 on October 18, 2018  /  Americas, US  /  No Comments

A Michigan state representative introduced a bill Wednesday to expand the state’s Renewable Portfolio Standard (RPS) to 100% by 2050, just months after major utilities and environmental campaigners agreed to a short-term clean energy compromise.

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US EPA aiming for early 2019 in finalising major environmental rollbacks as aviation and biomass on hold

Published 00:06 on October 18, 2018  /  Last updated at 00:11 on October 18, 2018  /  Americas, Aviation, International, RINs & LCFS, US  /  No Comments

The US EPA signalled Wednesday it is aiming to finalise rulemaking on regulations for the power and transportation sector early next year, while deferring further decisions on how to set GHG standards in aircraft and treat biogenic CO2 emissions.

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California leaves out 1.2m V2016 allowances in upcoming auction, data shows

Published 23:54 on October 17, 2018  /  Last updated at 23:54 on October 17, 2018  /  Americas, Canada, US  /  No Comments

California is leaving out 1.2 million Vintage 2016 allowances for the November auction, according to state data, meaning they are likely to be retired or shifted into the Allowances Price Containment Reserve under the programme’s 24-month rule (APCR).

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California postpones discussion, final approval of cap-and-trade amendments

Published 14:50 on October 17, 2018  /  Last updated at 19:08 on October 17, 2018  /  Americas, Canada, US  /  No Comments

California’s Air Resources Board (ARB) will push back discussion of its cap-and-trade regulations to November, and as a result, no changes will be approved until January 2019, officials said.

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