UPDATE – Washington state inaugural cap-and-invest auction sells out near $50
The first auction of Washington state’s WCI-modelled cap-and-trade programme sold out, with the clearing price coming well above secondary market levels and close to the scheme’s lowest reserve tier trigger, according to results published Tuesday.
Read MoreUS developer of nature-based offsets raises $3.2 mln for global expansion
A Colorado-based offset project developer on Tuesday announced a $3.2 mln fundraise that it will utilise to expand its portfolio pipeline abroad.
Read MoreEXCLUSIVE: Carbon credit originator says achieves 1-bln tonne project pipeline, targets 50 Mt in trade this year
A US-headquartered carbon offset trader and originator has secured a project pipeline that exceeds 1 billion tonnes, with the firm also aiming to transact over 50 million VERs this year separate from its own initiatives, company executives told Carbon Pulse.
Read MoreBritish Columbia to implement output-based pricing system for large emitters in 2024
The British Columbia government has announced it will next year introduce an output-based pricing system (OBPS) for large stationary sources of GHG emissions, allowing industries an alternative to regulation by the Canadian province’s economy-wide carbon tax.
Read MoreCalifornia power emissions nearly flat in 2022, tick down in January
California electricity sector CO2 output ended 2022 just below year-earlier levels, while Jan. 2023 emissions were also slightly down year-on-year, according to data published Friday.
Read MoreUS Carbon Markets and LCFS Roundup for week ending Mar. 3, 2023
A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including the Vermont Senate passing amended clean heat standard legislation, the referral of a voluntary carbon credit disclosure bill in California, and the announcement of a rulemaking process for Oregon’s cap-and-reduce system.
Read MoreClimate Action Reserve developing Guatemala forest offset protocol
Offset registry Climate Action Reserve (CAR) on Friday announced it will commence development of a forest carbon protocol specific to Guatemala, continuing the US-based standard’s trend of country-specific endeavours.
Read MoreAnalysts lower 2023 CCA price forecast, expect premium Q1 RGGI auction settlement
California Carbon Allowance (CCA) prices will trend slightly lower this year as GHG output drops from the power and industrial sectors, while next week’s quarterly RGGI auction will clear at a significant premium to current secondary market levels, according to a recent analyst report.
Read MoreCalifornia invalidates compliance offsets from Wisconsin project for second time
California regulator ARB on Thursday announced it has for the second time voided compliance offsets from a Wisconsin-based livestock project, after the initiative was found once again to be in violation of a state waste management permit and groundwater standards.
Read MoreUPDATE – WCI jurisdictions foreshadow rulemaking processes to tighten linked cap-and-trade programmes
The California and Quebec governments on Tuesday divulged forthcoming plans to strengthen their carbon markets linked under WCI, which among other topics will include evaluating annual emissions caps and banked allowance supply in order to reach more ambitious GHG reduction targets.
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