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New England hydroelectric line facing pushback from greens, utilities

Published 14:41 on February 11, 2019  /  Last updated at 14:41 on February 11, 2019  /  Americas, Canada, US  /  No Comments

A unique coalition of utility companies and environmental groups are contending that a proposed hydroelectric transmission line in New England could increase emissions in the the northeast US region, potentially having a spill-over effect in the RGGI cap-and-trade market.

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UPDATE – Oregon ETS hearings start as EJ groups, natural gas utilities hit back on programme design

Published 16:06 on February 9, 2019  /  Last updated at 07:02 on February 11, 2019  /  Americas, Canada, US  /  2 Comments

Environmental justice groups have urged Oregon legislators to curtail the use of free allowances and offsets in the state’s proposed cap-and-trade programme, while natural gas utilities are advocating for greater allocations in line with their electric counterparts.

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CLIMATE XCHANGE: Cap-and-trade could be coming to Oregon – Here’s what you need to know

Published 14:49 on February 8, 2019  /  Last updated at 14:50 on February 8, 2019  /  Americas, Canada, Conversations, US, Views  /  No Comments

On the last day of January, Oregon lawmakers introduced their highly-anticipated cap-and-trade bill, sending a loud and clear message that climate change is a top priority this coming session. Massachusetts-based think-tank Climate Xchange breaks down the legislation and offers an analysis of the proposal.

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LCFS Market: California prices near return to $200 as PG&E fears pass

Published 13:13 on February 8, 2019  /  Last updated at 16:17 on February 9, 2019  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) prices inched closer to the $200 mark on Friday, nearing record levels hit in late December as concerns about the bankruptcy of utility PG&E subside.

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Maine considering adoption of RGGI supply-curbing mechanism

Published 10:57 on February 8, 2019  /  Last updated at 13:15 on February 8, 2019  /  Americas, US  /  No Comments

Maine is holding internal discussions about whether the state should reverse its opposition to the northeast US RGGI market’s supply-curbing Emissions Containment Reserve (ECR), after Democrats won the state’s gubernatorial election in November.

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Washington state lawmaker floats hybrid carbon pricing approach

Published 14:54 on February 7, 2019  /  Last updated at 02:30 on February 8, 2019  /  Americas, Carbon Taxes, US  /  No Comments

A Washington state representative has submitted a bill that would implement a carbon fee-and-dividend type system featuring trading and offsets, which would add to the numerous other climate policies already under consideration in the Evergreen State this year.

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NA Markets: WCI allowances dip amid swaps, as RGGI stagnates

Published 14:17 on February 7, 2019  /  Last updated at 13:32 on February 8, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices declined this week as entities looked to take advantage of a tighter spread, while RGGI Allowances (RGA) languished despite the ongoing controversies in Virginia.

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Democrats launch ‘Green New Deal’ seeking to shift US to low-carbon economy

Published 08:04 on February 7, 2019  /  Last updated at 02:18 on February 8, 2019  /  Americas, Carbon Taxes, US  /  No Comments

Democrat lawmakers unveiled the widely-expected “Green New Deal” on Thursday, calling for significant changes to the US economy to reduce carbon emissions over the next 10 years as they quickly move on climate change in the new divided Congress.

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Illinois, Minnesota lawmakers chart path to 100% carbon-free energy, higher RPS

Published 14:40 on February 6, 2019  /  Last updated at 17:39 on February 7, 2019  /  Americas, US  /  No Comments

Illinois and Minnesota state legislators in recent days announced 100% carbon-free electricity targets and increases to both states’ Renewable Portfolio Standards (RPS), building on revamped climate action across America’s midsection early in 2019.

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New Jersey releases RGGI modelling assumptions in response to stakeholder criticism

Published 13:12 on February 6, 2019  /  Last updated at 17:50 on February 7, 2019  /  Americas, US  /  No Comments

New Jersey’s Department of Environmental Protection (DEP) published additional information this week about the assumptions and electricity generation mix that helped inform its 2020 RGGI cap proposal, in an effort to placate environmental groups that have argued for a more stringent target.

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