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New York legislature passes net-zero emissions legislation with offsetting

Published 22:44 on June 20, 2019  /  Last updated at 22:57 on June 20, 2019  /  Americas, Carbon Taxes, US  /  No Comments

The New York legislature late Wednesday passed an omnibus climate bill that will see the Empire State make deep emission cuts through 2050 with the possible use of some in-state offsets, though environmental justice groups lamented compromises made regarding the allocation of green project revenues.

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Oregon Senate Republicans evacuate state to protest ETS vote

Published 20:10 on June 20, 2019  /  Last updated at 22:32 on June 20, 2019  /  Americas, Canada, US  /  No Comments

Oregon Senate Republicans fled the state on Thursday in protest of a scheduled final vote of a cap-and-trade bill, leaving Democrats without a quorum to conduct any business in the interim.

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Oregon Senate slated to vote on ETS bill Thursday

Published 20:49 on June 19, 2019  /  Last updated at 11:28 on June 20, 2019  /  Americas, Canada, US  /  No Comments

Oregon’s WCI-modelled cap-and-trade bill is expected to face a Senate vote later this week, despite Republicans threatening to explore various options to halt the proposal.

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California fuel consumption dips for second straight month, as power emissions decline

Published 19:58 on June 19, 2019  /  Last updated at 19:58 on June 19, 2019  /  Americas, Canada, US  /  No Comments

California’s fuel consumption continued to fall below prior years early in 2019, while greater hydro generation is also reducing ETS-covered emissions from the state’s electric grid, according to government data.

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Fund Climate Trust Capital begins monetising California offsets, eyes second investment vehicle

Published 19:52 on June 19, 2019  /  Last updated at 19:52 on June 19, 2019  /  Americas, Canada, US  /  No Comments

US-based fund Climate Trust Capital (CTC) is beginning to sell California Carbon Offsets (CCOs) generated through its first round of project investments, and it is targeting the launch of a second fund by early next year.

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US EPA finalises ACE rule as weaker Clean Power Plan replacement, bans trading

Published 19:44 on June 19, 2019  /  Last updated at 21:22 on June 19, 2019  /  Americas, US  /  No Comments

The US EPA finalised its Affordable Clean Energy (ACE) rule on Wednesday to replace the stayed Obama-era Clean Power Plan (CPP), with trading and biomass co-firing barred as compliance options and Democrat-led states already lining up to sue the agency.

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Pennsylvania to perform external analysis on economy-wide ETS, extending timeline to 2020

Published 19:17 on June 18, 2019  /  Last updated at 10:47 on June 19, 2019  /  Americas, US  /  No Comments

Pennsylvania’s Department of Environmental Protection (DEP) will partner with outside consultants to model the economic effects of implementing an economy-wide carbon market in the state, likely extending the decision on whether the agency will advance a green group-backed ETS petition to at least 2020, a source told Carbon Pulse.

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UPDATE – Oregon House sends on ETS legislation after marathon session

Published 04:37 on June 18, 2019  /  Last updated at 16:13 on June 18, 2019  /  Americas, Canada, US  /  No Comments

Oregon’s House of Representatives on Monday, after hours of Republican opposition, approved a cap-and-trade bill that would allow the state to link to the WCI carbon market, though the legislation may face a tougher time in the Senate from members of the chamber’s Democratic majority.

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US Supreme Court rules against Virginia Republicans ahead of key statewide election

Published 23:31 on June 17, 2019  /  Last updated at 00:54 on June 18, 2019  /  Americas, US  /  No Comments

The US Supreme Court (SCOTUS) opted Monday to dismiss a case challenging the Virginia House of Delegates’ re-drawn voting map, potentially giving Democrats an upper hand as they hope to capture a majority in the chamber and give the state a path to join the northeast US RGGI carbon market.

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New York governor, legislature reach compromise on omnibus climate bill

Published 21:55 on June 17, 2019  /  Last updated at 00:29 on June 18, 2019  /  Americas, Carbon Taxes, US  /  No Comments

New York Governor Andrew Cuomo (D) and the state legislature forged a compromise this weekend on an omnibus climate bill that now features weaker GHG targets, stronger zero-carbon electricity requirements, and softer language related to implementing an ETS or CO2 tax.

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