Twelve North and Latin American national and sub-national governments on Tuesday committed to using carbon pricing as a central climate policy instrument and to deepen regional integration of their emissions trading markets.
In order to tackle persistent over-supply, California and its WCI partners should reduce their 2021-2030 emissions caps by an amount equal to the unused pre-2021 allowances held by market participants after 2020 compliance.
Research has found serious issues with Australia's Emissions Reduction Fund, from giving unnecessary funds, to counting decade-old projects as new emissions “reductions”, writes Melbourne Law School researcher Tim Baxter.
Published 15:53 on December 12, 2017 / Last updated at 21:03 on December 12, 2017 / EMEA, EU ETS / No Comments
EUAs ended down on Tuesday after swinging wildly between recent lows and a five-day high, as gas supply concerns following pipeline disruptions and an explosion at an Austrian distribution hub rocked the European energy markets.
Australia on Tuesday announced it will review two offset methodologies that account for nearly half the carbon credits contracted by the government, and which were flagged as potentially problematic by the Climate Change Authority earlier this week.
Published 16:48 on December 11, 2017 / Last updated at 16:48 on December 11, 2017 / EMEA, EU ETS / No Comments
Utilities and an increasing amount of finance houses will likely wait until post-2020 EU ETS reforms are made law early next year to start buying EUAs in anticipation of higher future prices, ICIS analysts said on Monday.
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