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Iberdrola’s remaining EU ETS-based output jumps 22% in Q1, Vattenfall profits rise as clean generation thrives on higher CO2 costs

Published 14:59 on April 25, 2019  /  Last updated at 15:00 on April 25, 2019  /  EMEA, EU ETS  /  No Comments

Spain-based utility Iberdrola reported a 22% hike in its remaining ETS-regulated thermal output over Q1 as gas-fired production replaced hydro, the company said in financial results on Thursday.

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SK Market: Korean CO2 prices rise to all-time highs on lack of supply

Published 09:38 on April 25, 2019  /  Last updated at 09:47 on April 25, 2019  /  Asia Pacific, South Korea  /  No Comments

Carbon prices in South Korea’s emissions trading scheme rose to all-time highs on Thursday as the ongoing supply drought continued to push up prices.

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CP Daily: Wednesday April 24, 2019

Published 02:48 on April 25, 2019  /  Last updated at 02:48 on April 25, 2019  /  Newsletter  /  No Comments

A daily summary of our news plus bite-sized updates from around the world.

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California defends decision to maintain post-2020 ETS caps as it confirms surplus volume

Published 02:47 on April 25, 2019  /  Last updated at 02:47 on April 25, 2019  /  Americas, Canada, US  /  No Comments

California regulator ARB defended its decision to maintain the current emissions cap trajectory of its WCI-linked ETS to 2030, despite confirming that there were more than 218 million surplus compliance units at the end of the market’s second compliance period, according to a letter sent to legislators Tuesday.

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Oregon cap-and-trade scheme to be undersupplied from day one -analysts

Published 02:33 on April 25, 2019  /  Last updated at 02:33 on April 25, 2019  /  Americas, Canada, US  /  No Comments

Oregon’s proposed cap-and-trade scheme would be undersupplied from day one and would absorb more than 40 Mt from the wider WCI market over the next decade if legislation currently on the table is passed, analysts predict.

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New US offset protocol aims to reduce costs for voluntary urban forestry

Published 01:38 on April 25, 2019  /  Last updated at 01:38 on April 25, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

A new Climate Action Reserve (CAR) protocol aims to reduce costs for voluntary urban forestry projects, but the methodology would have to demonstrate success and pass other regulatory hurdles to become eligible for WCI compliance-grade offsets, a company official said.

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PEI election results offer uncertain future for province’s climate policy

Published 21:55 on April 24, 2019  /  Last updated at 02:11 on April 25, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Prince Edward Island’s Progressive Conservative party won the right to form a minority government in Tuesday’s election, but a historic showing by the Greens offers the possibility of changing climate politics in Canada’s smallest province.

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Czechia’s big-emitting EPH picks up more UK thermal power assets

Published 21:47 on April 24, 2019  /  Last updated at 23:34 on April 24, 2019  /  EMEA, EU ETS  /  No Comments

Privately-held Czech company EPH will purchase two Northern Ireland thermal plants from US firm AES, consolidating its position as the second biggest emitter in the EU ETS.

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California mints 126k offsets in smallest issuance of 2019

Published 21:29 on April 24, 2019  /  Last updated at 01:53 on April 25, 2019  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California regulator ARB distributed 125,900 California Carbon Offsets (CCOs) this week, in the lightest issuance of the year to date.

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EU lawmakers urge California to reject REDD, fearing wider use by airlines under CORSIA

Published 20:59 on April 24, 2019  /  Last updated at 08:53 on April 25, 2019  /  Americas, Aviation, Canada, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US, Voluntary Market  /  No Comments

California should reject the use of REDD tropical forest protection credits under its carbon market because it won’t ensure emission cuts and could pave the way for much greater use by airlines under the UN’s CORSIA offsetting mechanism, a cross-party group of EU lawmakers warned on Wednesday.

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