Alberta rebates may weaken Canada’s carbon price signal, but don’t expect feds to act
Recently-extended cost breaks for Alberta transportation fuel and natural gas consumption might run afoul of Canada’s federal CO2 pricing benchmark, but experts told Carbon Pulse they don’t believe Ottawa is likely to immediately challenge the relief measures in the oil-rich province.
Read MoreEmitters and speculators boost V23 holdings across North American carbon markets
Emitters entered an overall net long position in California Carbon Allowances (CCAs) for the first time since late February on a bullish outlook and a heat wave, emitters also extended their RGGI Allowance (RGA) net length, while financial entities added to current vintage holdings across both carbon markets, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreWCI Markets: CCAs climb slightly on bullish outlook, WCAs steady as consignment enters future auction
California Carbon Allowance (CCA) prices climbed this week on very thin volume in a holiday-shortened period, while Washington Carbon Allowance (WCA) values remained relatively flat as consignment permits were announced for the Q3 auction.
Read MoreCanadians largely support Clean Electricity Regulations, poll finds
Nearly a year after the public comment period for Canada’s Clean Electricity Regulations were wrapped up, a poll published Tuesday has found a majority of Canadians support the federal plan to reach a net zero power grid by 2035.
Read MoreWCI Markets: CCAs slide on profit taking, WCAs seesaw amid natural gas allocations
California Carbon Allowance (CCA) prices fell each day this week on reported profit-taking and as the front-month contract went into delivery, while Washington Carbon Allowance (WCA) values seesawed following two weeks of stagnation and as the state distributed free permits for natural gas utilities.
Read MoreWashington power producer’s lawsuit against cap-and-trade programme pushed back
The trial dates for a natural gas-fired power generator’s legal challenge to Washington cap-and-trade regulation were delayed by four months following an agreement between the disputing parties and the judge on Monday, allowing lawyers more time to review the case.
Read MoreCalifornia power emissions continue decline through May on hydro boom
California electricity sector CO2 output dove considerably over the first two months of the second quarter as wet weather took a sizable bite out of natural gas usage and crashed imported volumes, data published Friday showed.
Read MoreCanada publishes draft IFM offset protocol for private lands, confirms separate version for public sector
The Canadian environment ministry on Friday published its draft federal offset protocol for private sector improved forest management (IFM), mirroring efforts already underway in British Columbia and confirming plans to develop a separate iteration for Crown lands.
Read MoreAvoided emissions credits “misrepresent climate exposure” in corporate targets, academic think-tank argues
Private sector climate targets should not be considered credible if they rely on avoided emissions carbon credits, with only CO2 removals having a positive impact on GHG emissions, a US-based university think-tank said Friday.
Read MoreUS mining company subsidiary further developing soil carbon credit plans, exploring biochar
A Nevada-based mineral exploration company announced Thursday it is continuing to develop a business plan for rangeland soil carbon sequestration projects and is now beginning to explore a potential biochar initiative.
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