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While Monday was a holiday across most of Europe, we didn’t want to leave our readers elsewhere with nothing to read. As a media partner for both events, Carbon Pulse attended carbon market conferences in San Francisco and Toronto over the past two weeks. In case you missed some of our articles, below is a summary of our reporting from both events.
But first, ICYMI:
Democrats in California’s Senate have proposed their own controversial legislation to reauthorize the state’s cap-and-trade programme beyond 2020, weighing in on a debate that has so far been mostly controlled by Assembly lawmakers.
– Coverage from the Ontario Cap and Trade Forum – Apr. 26-27 in Toronto –
Ontario aims to finalise its decision on post-2020 emission caps for its carbon market by the end of this year, a government official confirmed on Wednesday.
Breaking up is hard to do: Industry, experts warn Ontario Tories over costly and difficult cap-and-trade exit
Progressive Conservatives have vowed to dismantle Ontario cap-and-trade scheme and replace it with a carbon tax if elected in next year’s provincial elections, but industry is warning over the related costs and experts say this is easier said than done.
All 13 of the offset protocols being jointly developed for Ontario and Quebec are due to be completed by the end of 2017, according to the president of the Climate Action Reserve, the organisation tasked with authoring them.
Exchange operator ICE is considering launching trade in California Carbon Offsets, but questions remain over exactly what types of credits will be tradable under it.
– Coverage from Navigating the American Carbon World (NACW) – Apr. 19-21 in San Francisco –
Anxiety is building over whether California will be able to extend its cap-and-trade scheme beyond 2020, with observers warning that failure could severely dent efforts across North America to use markets to fight climate change.
Mexico will launch its pilot carbon market in early 2018, with an aim to kick off its official ETS later that year and to link to other North American schemes by 2021.
North American accredited offset verifiers are weighing whether to continue participating in the voluntary market amid falling credit prices and tempting conditions in the compliance market.
With the rules dictating what types of offsets can be used under the UN’s aviation carbon market still unclear, Delta Air Lines – one of the world’s top three carriers – is hoping that credits it bought to offset growth after 2012 can be used to inform the company’s new compliance obligations from 2021.
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