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California forestry offset protocol revisions may get bumped to 2020, sources say

Published 22:23 on October 11, 2019  /  Last updated at 23:13 on October 11, 2019  /  Americas, Canada, US  /  No Comments

California regulator ARB may not begin the process of updating its WCI forestry protocol until next year, as it completes work on various regulatory priorities in the final quarter of 2019, sources told Carbon Pulse.

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Ontario leader broke law in cancelling carbon market, court finds

Published 18:34 on October 11, 2019  /  Last updated at 23:07 on October 11, 2019  /  Americas, Canada, US  /  No Comments

Ontario Premier Doug Ford violated environmental law when he abruptly cancelled the Canadian jurisdiction’s WCI-linked ETS last summer, a provincial court said in a split ruling on Friday that will not have a material impact on the province’s current climate policy.

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Tax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF

Published 01:22 on October 11, 2019  /  Last updated at 01:38 on October 11, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.

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NA Markets: RGGI prices rise after Pennsylvania ETS announcement, California allowances creep lower

Published 22:33 on October 10, 2019  /  Last updated at 23:54 on October 10, 2019  /  Americas, Canada, US  /  No Comments

RGGI allowance (RGA) prices rose by double digits this week after Pennsylvania announced plans to design an ETS compatible with the Northeast US carbon market, while California Carbon Allowances (CCAs) continued to decline on the secondary market.

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Ontario slow to implement climate plan -report

Published 22:20 on October 10, 2019  /  Last updated at 00:02 on October 11, 2019  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Ontario’s Progressive Conservative government has dithered on rolling out the climate plan it unveiled nearly a year ago, with weaker industry carbon pricing standards and no progress on an emission reduction fund underscoring those delayed efforts, according to a report published Thursday.

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Smells like clean spirit: Washington’s Puget Sound releases ambitious draft LCFS rule

Published 18:21 on October 10, 2019  /  Last updated at 00:06 on October 11, 2019  /  Americas, Canada, RINs & LCFS, US  /  No Comments

Washington state’s Puget Sound Clean Air Agency (PSCAA) published a draft low-carbon fuel standard (LCFS) regulation on Wednesday, with the four-county region proposing the most ambitious carbon intensity (CI) reductions of any North American clean fuels programme.

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WCI carbon floor price holding for 2020, but could drop further

Published 14:57 on October 10, 2019  /  Last updated at 00:12 on October 11, 2019  /  Americas, Canada, US  /  No Comments

Static year-on-year inflation kept the WCI cap-and-trade programme’s price floor on track for $16.67 next year, but a direct comparison with the Oct. 2018 rate suggests the price could slide further, according to US federal data released Thursday.

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Shell expands carbon neutral driving offer to UK with land offsets

Published 13:02 on October 10, 2019  /  Last updated at 14:06 on October 10, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Oil major Shell will offer British drivers the chance to offset their carbon footprint, it said on Thursday, expanding from its Dutch initiative as part of a global commitment to invest $300 million in land-based emissions-curbing initiatives.

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Judge to consider competing PG&E bankruptcy proposal

Published 23:35 on October 9, 2019  /  Last updated at 23:50 on October 9, 2019  /  Americas, Canada, US  /  No Comments

A US federal judge threw out California utility Pacific Gas & Electric’s bankruptcy exclusivity claims on Wednesday and will allow bondholders and wildfire victims to submit a competing reorganisation plan.

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California must triple annual GHG reductions to meet 2030 target -report

Published 22:32 on October 9, 2019  /  Last updated at 00:10 on October 10, 2019  /  Americas, US  /  No Comments

California stands a long way off from meeting its ambitious 2030 emission reduction targets at the current pace of decarbonisation, as increased wildfires further jeopardise the state’s climate progress, a new report has found.

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