BRIEFING: Canada set to increase federal carbon tax again, to the dismay of conservative leaders
A scheduled increase to Canada’s revenue-neutral ‘backstop’ carbon tax on fossil fuels will go ahead on Apr. 1, despite pleas to abort the rise from several conservative provincial premiers and other populist politicians.
Read MoreCanada’s industrial carbon pricing scheme outshines fossil fuel tax when it comes to emissions cuts -study
Canada’s industrial emitter carbon pricing policy is three to four times more impactful in greenhouse gas abatement than the country’s carbon tax on fossil fuels, a new analysis has found.
Read MoreUPDATE – California, Quebec agree to explore carbon market linkage with Washington state
WCI partners California and Quebec on Wednesday confirmed their interest in potentially extending their carbon market alliance to Washington, despite the voter-led ballot initiative that could upend the Evergreen State’s cap-and-invest scheme.
Read MoreInternational tribunal dismisses Koch lawsuit over $30 mln loss from cancelled Ontario carbon market
An international tribunal has dismissed Koch Industries’ lawsuit challenging the 2018 cancellation of Ontario’s cap-and-trade programme, according to media reports, absolving Canada of the US$30 million loss claimed by the company.
Read MoreVCM Report: KSET liquidation sparks sell off in voluntary carbon spots and futures
Standardised voluntary carbon spot contracts for old CORSIA and related futures tumbled this week from already low levels, in the wake of asset manager KraneShares announcing it will liquidate its KSET exchange-traded fund.
Read MoreANALYSIS: Washington carbon allowance holdings in limbo as fate of cap-and-invest scheme heads to November ballot
With voters set to decide the fate of Washington state’s cap-and-invest programme this November, market participants are highlighting the uncertainty surrounding hundreds of millions of dollars in carbon allowance holdings that could be rendered worthless if the scheme is scrapped.
Read MoreVCM Report: Voluntary carbon buyers sitting on sidelines despite high levels of credit retirements
Prices failed to budge, liquidity was thin last week, and there was a mix of opinion about the direction of the voluntary carbon market, with sources reporting a flood of new offers posted while others noted the cupboard was starting to run bare of good quality.
Read MoreOntario quadruples investment in provincial forest biomass programme
Ontario is providing an additional C$60 million ($43.3 mln) for its provincial forest biomass programme, it announced Friday, while also revealing the recipients of the latest tranche of project funding.
Read MoreOntario moves to legislate referendum for future carbon pricing programmes
The Ontario provincial government will introduce legislation that would require a referendum be held before the province’s lawmakers can implement new carbon pricing measures.
Read MoreCanada yet to distribute C$2.5 bln in carbon levy rebates to small businesses, says non-profit
The federal government of Canada has not fulfilled its commitment to reimburse C$2.5 billion ($1.86 bln) in carbon tax rebates to small businesses in the provinces of Ontario, Manitoba, Saskatchewan, and Alberta, a Canadian non-profit said Thursday.
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