WRI: What’s changing as countries turn INDCs into NDCs? Five early insights
Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.
Read MoreGlobal carbon pricing revenues up 45% in 2017 as spending choices differ -report
Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday.
Read MoreANALYSIS: Ontario, Quebec’s offset rules development back on track, but concerns persist
Ontario and Quebec’s offset protocol development is back on track after a policy debate delayed around half of the 13 being designed, but concerns remain on the approach the provinces have decided to take.
Read MoreEconomic and legal headache would follow doubtful Ontario exit from WCI -experts
Although stakeholders believe that Ontario is unlikely to abandon its cap-and-trade programme should the Progressive Conservatives (PC) win the upcoming June provincial election, an exit from the WCI market could yield multiple economic and legal problems.
Read MoreRGGI to conduct second auction of 2018 on June 13
RGGI will hold its second allowance auction of the year on June 13, following March’s sold-out auction that featured a near two-year high in compliance-oriented purchasing.
Read MoreOntario unveils ‘open architecture’ framework for voluntary offset scheme
The Ontario government has released a framework for its voluntary offset programme, approving three quantification methodologies under an ‘open architecture’ approach that doesn’t limit project types.
Read MoreBlockchain-based venture commits first funds to Ecosphere REDD credits
Blockchain-based carbon credit platform Poseidon has committed to spend its first tranche of cash buying Peruvian REDD credits from UK-based Ecosphere+, as part of an initiative offering a voluntary carbon credit platform for retailers.
Read MoreNew York grid operator floats scenarios for CO2 charge alongside RGGI
New York’s grid operator has floated options for how the state might apply a carbon price to the price of traded electricity in concert with RGGI, with one alternative requiring that power suppliers provide more data than is currently required.
Read MoreAlaska to consider carbon pricing as part of draft climate plan
The Alaska government produced a draft climate change policy this week that instructs the state to begin looking at how carbon pricing may help achieve the its climate goals, though the text remained sparse on details.
Read MoreNew Jersey legislature passes renewable energy and zero emissions bills
The New Jersey Assembly and Senate approved two bills on Thursday to expand the state’s Renewable Portfolio Standard (RPS) for conventional and solar renewable energy, as well as establishing a Zero Emission Certificate (ZEC) programme aimed at supporting struggling nuclear plants.
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