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California hands out 1 mln offsets, with most going to new forest projects

Published 20:55 on November 22, 2017  /  Last updated at 22:01 on November 22, 2017  /  Americas, Canada, US  /  No Comments

California issued more than 1 million offsets to six projects this week, according to Air Resources Board data, taking the total number awarded by the state above 86 million.

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Final California-Quebec carbon auction of 2017 sells out at huge premium despite heftier supply

Published 21:01 on November 21, 2017  /  Last updated at 08:56 on November 22, 2017  /  Americas, Canada, US  /  No Comments

California and Quebec’s final joint carbon auction of 2017 sold out, results showed on Tuesday, with prices hitting their highest premium to the sale floor in four years despite nearly 16 million additional units being on offer.

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ECOSYSTEM MARKETPLACE: In Bonn, progress on markets hampered by gridlock on everything else

Published 14:42 on November 20, 2017  /  Last updated at 14:42 on November 20, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Views, Voluntary Market  /  No Comments

The Americas aren’t named for Christopher Columbus, but for his map-maker, Amerigo Vespucci, who first figured out that Brazil is a pretty big part of the New World – something to keep in mind as climate negotiators sketch out the map for implementing the Paris Agreement.

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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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NA Markets: California prices edge higher after auction

Published 23:02 on November 16, 2017  /  Last updated at 23:02 on November 16, 2017  /  Americas, US  /  No Comments

Prices on both North American coasts varied relatively little over the past week, though the Californian market was far more active than its eastern counterpart as WCI participants positioned themselves ahead of Tuesday’s auction.

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Virginia regulators approve plan to launch carbon market, link to RGGI

Published 17:13 on November 16, 2017  /  Last updated at 17:54 on November 16, 2017  /  Americas, US  /  No Comments

Virginia regulators have approved a proposal to establish a state-wide cap-and-trade scheme that will link to neighbouring RGGI.

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Cap-and-trade not driving California’s falling emissions -report

Published 00:10 on November 16, 2017  /  Last updated at 00:10 on November 16, 2017  /  Americas, Canada, US  /  No Comments

California’s carbon market had little to do with last year’s near-5% drop in capped emissions in the state, according to researchers.

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Replacing Ontario’s carbon market with a tax will cut more emissions -study

Published 20:18 on November 15, 2017  /  Last updated at 21:49 on November 15, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Replacing Ontario’s cap-and-trade scheme with a revenue-neutral carbon tax, as the province’s poll-leading Progressive Conservatives have vowed to do, would result in larger emission reductions, a new study shows.

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Carbon consultancy Ecofys loses director to government role

Published 22:50 on November 14, 2017  /  Last updated at 22:50 on November 14, 2017  /  Americas, Asia Pacific, Bavardage, China, EMEA, EU ETS, US  /  No Comments

A veteran carbon consultant is leaving Ecofys for a role in the road, water and waterways agency of the Dutch government.

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ECOSYSTEM MARKETPLACE: As REDD talks progress in Bonn, question arises: who can use the term “REDD+”?

Published 14:15 on November 14, 2017  /  Last updated at 14:15 on November 14, 2017  /  Africa, Americas, Asia Pacific, Australia, Bavardage, Climate Talks, Conversations, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Towards the end of summer, climate negotiators learned of three trademark applications that were filed in May of this year. One was for the logo “REDDPLUSX”, which is described as a carbon credit brokerage. Another was for the logo “RRU”, which are proposed carbon credits generated by saving or supporting forests under the Paris Agreement. But it was the third, for the logo REDD+, that raised eyebrows across the climate community.

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