NA Markets: California allowances retrace gains amid further volatility, RGGI finds support
California Carbon Allowance (CCA) prices ceded previous gains during another hectic week of trading as participants remain wary of how the COVID-19 pandemic will impact WCI emissions, while RGGI allowances (RGAs) maintained their recent bullish trend.
Read MoreNova Scotia to offer 640k carbon allowances at inaugural ETS auction
Nova Scotia will offer 640,000 permits in the cap-and-trade programme’s first auction on June 10, the Canadian province’s environment ministry announced Thursday.
Read MoreChile to implement CO2 budget, consider markets in updated NDC
Chile will aim to peak its GHG emissions in 2025 and set a carbon budget for the coming decade as part of its new Paris Agreement contribution submitted Thursday, and will also start a public-private dialogue on how international emissions trading may help meet those targets.
Read MoreSeveral states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes
At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.
Read MoreFEATURE: Verra aims for more streamlined process with in-house offset registry
Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.
Read MoreCanada moves to delay 2019 deadlines for ‘backstop’ large emitter programme
The Canadian environment ministry proposed Wednesday to delay the 2019 reporting and compliance deadlines for the federal ‘backstop’ output-based pricing system (OBPS), potentially giving large stationary emitters more time to procure offsets or surplus credits.
Read MoreCalifornia not considering change to ETS auction schedule, compliance deadline
California regulator ARB does not intend to alter its current cap-and-trade auction schedule or compliance deadlines as a result of the COVID-19 pandemic sweeping across the US, an agency spokesperson told Carbon Pulse Wednesday.
Read MoreCalifornia breaks two-year offset issuance streak as it mints zero credits
California issued no new offsets or reduced any invalidation periods this week for the first time in nearly two years, according to data published by regulator ARB on Wednesday.
Read MoreNew Mexico, Nevada adhering to climate policy timelines during coronavirus outbreak
New Mexico and Nevada are maintaining schedules to outline potential climate change and carbon pricing strategies by later this year, even as the COVID-19 pandemic presents logistical challenges for the Southwest US states.
Read MoreGlobal coal power keeps coming even if almost half is unprofitable -report
Nearly half of the world’s coal power plants will run at a loss this year even as carbon prices have a negligible effect in many countries outside the EU, a report published Wednesday has found.
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