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Australia’s Labor announces A$1.5 bln gas plan that could send emissions higher
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 MoreTop
UPDATE - The Nature Conservancy taking over large WCI forestry offset project
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 MoreTop
New Jersey board grants subsidies to three nuclear facilities
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 MoreTop
Virginia board signs off on final RGGI cap-and-trade regulation
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 MoreTop
CN Markets: Pilot market data for week ending Apr. 19, 2019
Closing prices, ranges and volumes for China's regional pilot carbon markets this week. Read MoreTop
ANALYSIS: Will Germany cancel EUAs to offset its coal phaseout? Analysts aren’t counting on it
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 MoreTop
California carbon bull run to continue as financials staking long-term claims -analysts
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 MoreTop
Ontario lawyers go head-to-head with Ottawa in second carbon price lawsuit
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 MoreTop
NA Markets: California allowances retrace before Easter holiday as RGGI stagnates
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 MoreTop
