ANALYSIS: Beyond Ontario, political and regulatory risks still hang over WCI market
With all eyes on the political uncertainty stemming from Ontario’s upcoming election, experts say many WCI market participants are overlooking other risks to the programme.
Read MoreMexican carbon tax to operate alongside market, though stakeholders say offset rules must change
Mexico plans on keeping its domestic carbon tax and applying it to smaller emitters when it launches its national cap-and-trade scheme, a senior official said this week.
Read MoreColombian CER cancellations surge after new offset restrictions imposed
The number of Colombian CERs voluntarily cancelled by emitters against the country’s carbon tax has surged over the past three months, following the introduction of new offset usage restrictions in January.
Read MoreBritish Columbia’s carbon price now the highest in North America
British Columbia’s carbon tax, which had been frozen at since 2012, rose C$5 on Sunday to C$35 (US$27.10), making it the highest carbon price in North America.
Read MoreNo province has formally requested to adopt Canadian ‘backstop’ CO2 price plan on eve of deadline
No Canadian province or territory has formally asked to adopt the federal government’s ‘backstop’ carbon pricing programme, a government spokesperson told Carbon Pulse on the eve of Ottawa’s notification deadline.
Read MorePoll-leading Quebec party pledges to keep cap-and-trade, stay in WCI if elected
The poll-leading Coalition Avenir Quebec (CAQ) party has pledged to keep the Canadian province’s cap-and-trade scheme and remain in the continental WCI programme if they are elected in October.
Read MoreCalifornia doles out 1.6 mln CCOs in latest issuance, continuing 2018’s record pace
California regulator ARB handed out 1.61 million California Carbon Offsets (CCOs) this week, with a single new forestry project taking home the vast majority of the credits for the second time this month.
Read MoreNewfoundland delays details surrounding CO2 price plan, as most Canadian provinces off track towards 2020 targets
Newfoundland and Labrador has delayed unveiling details surrounding its carbon pricing plan until this spring, though the Canadian province estimates that it will earn tens of millions from the programme in Q1 2019.
Read MoreOffset restrictions needed to ensure CORSIA integrity, spur new project investment -study
In the absence of any eligibility restrictions, ICAO’s CORSIA offset scheme may not be able to deliver sufficient emissions reductions in aviation by using CERs, according to a study released Thursday.
Read MoreMexico might face a 3-year delay to ETS launch amid policy uncertainty, expert warns
Mexico might delay the implementation of its emission trading scheme by up to three years as a result of a short preparation period and uncertainty over the outcome of the upcoming election, an expert has warned.
Read More