Australia’s Labor announces A$1.5 bln gas plan that could send emissions higher

Published 06:49 on April 23, 2019  /  Last updated at 06:50 on April 23, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s opposition Labor party on Tuesday announced a plan to spend A$1.5 billion ($1.07 bln) on natural gas extraction projects that critics say would balloon carbon output despite the government running on a platform to strengthen the nation’s emissions targets. Read More

UPDATE - The Nature Conservancy taking over large WCI forestry offset project  

Published 16:18 on April 22, 2019  /  Last updated at 02:17 on April 23, 2019  /  Americas, Canada, US  /  No Comments

Environmental group The Nature Conservancy (TNC) will acquire a southeast US forestry project that has already generated several million California Carbon Offsets (CCOs) through the WCI cap-and-trade programme, with the organisation accumulating a majority of those credits in the process. Read More

New Jersey board grants subsidies to three nuclear facilities

Published 11:28 on April 22, 2019  /  Last updated at 01:58 on April 23, 2019  /  Americas, US  /  No Comments

The New Jersey Board of Public Utilities (BPU) awarded zero emissions certificates (ZECs) last week to three nuclear plant reactors, bolstering the energy source ahead of the state’s entry into the northeast US RGGI carbon market in 2020. Read More

Virginia board signs off on final RGGI cap-and-trade regulation

Published 16:18 on April 19, 2019  /  Last updated at 02:14 on April 23, 2019  /  Americas, US  /  No Comments

Virginia’s Air Pollution Control Board approved a final cap-and-trade regulation from the state’s Department of Environmental Quality on Friday, bringing the state a step closer to joining the northeast US RGGI carbon market in Jan. 2020. Read More

CN Markets: Pilot market data for week ending Apr. 19, 2019

Published 08:10 on April 19, 2019  /  Last updated at 01:46 on April 23, 2019  /  China, China's Pilot Markets  /  No Comments

Closing prices, ranges and volumes for China's regional pilot carbon markets this week. Read More

ANALYSIS: Will Germany cancel EUAs to offset its coal phaseout? Analysts aren’t counting on it

Published 20:23 on April 19, 2019  /  Last updated at 08:45 on April 19, 2019  /  EMEA, EU ETS  /  No Comments

There is growing scepticism amongst analysts that Germany will agree to cancel a sufficient number of EU carbon allowances, if any at all, to offset the emissions impact of phasing out its fleet of coal-fired power plants. Read More

California carbon bull run to continue as financials staking long-term claims -analysts

Published 17:25 on April 18, 2019  /  Last updated at 20:35 on April 19, 2019  /  Americas, Canada, US  /  No Comments

The price surge in California Carbon Allowances (CCAs) over the last month and a half is not likely to fade any time soon as new speculators bet that the WCI programme will tighten in the coming years, according to analysts. Read More

Ontario lawyers go head-to-head with Ottawa in second carbon price lawsuit

Published 16:25 on April 18, 2019  /  Last updated at 20:45 on April 19, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Ontario lawyers argued this week during a second provincial lawsuit against the Canadian federal government’s ‘backstop’ carbon pricing mechanism that Ottawa does not have the authority to impose its CO2 levy and large emitter programme on provinces. Read More

NA Markets: California allowances retrace before Easter holiday as RGGI stagnates

Published 16:01 on April 18, 2019  /  Last updated at 16:01 on April 18, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices declined during the week as many traders were out of the office, while RGGI allowances (RGAs) failed to budge on the secondary market. Read More

US Carbon Pricing Roundup for week ending Apr. 18, 2019

Published 16:53 on April 18, 2019  /  Last updated at 20:47 on April 19, 2019  /  Americas, US, Voluntary Market  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including the approval of New York City's climate bill featuring offsets and a possible carbon market, the launch of Hawaii’s first forest-based offset project, a planned hearing on a revised California offset bill, and movement on a proposal to increase Nevada’s Renewable Portfolio Standard (RPS). Read More

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