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WRI: What’s changing as countries turn INDCs into NDCs? Five early insights

Published 13:53 on April 19, 2018  /  Last updated at 13:53 on April 19, 2018  /  Africa, Americas, Asia Pacific, Canada, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views  /  No Comments

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.

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Global carbon pricing revenues up 45% in 2017 as spending choices differ -report

Published 11:42 on April 19, 2018  /  Last updated at 11:42 on April 19, 2018  /  Americas, Asia Pacific, EMEA, International  /  No Comments

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.

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ANALYSIS: Ontario, Quebec’s offset rules development back on track, but concerns persist

Published 01:39 on April 19, 2018  /  Last updated at 02:01 on April 19, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

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.

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Economic and legal headache would follow doubtful Ontario exit from WCI -experts

Published 00:46 on April 19, 2018  /  Last updated at 00:55 on April 19, 2018  /  Americas, Canada, US  /  No Comments

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.

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RGGI to conduct second auction of 2018 on June 13

Published 17:21 on April 17, 2018  /  Last updated at 17:21 on April 17, 2018  /  Americas, US  /  No Comments

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.

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Ontario unveils ‘open architecture’ framework for voluntary offset scheme

Published 23:33 on April 16, 2018  /  Last updated at 02:22 on April 17, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

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.

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Blockchain-based venture commits first funds to Ecosphere REDD credits

Published 22:35 on April 16, 2018  /  Last updated at 10:33 on April 17, 2018  /  Americas, International, REDD, South & Central, Voluntary Market  /  No Comments

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.

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New York grid operator floats scenarios for CO2 charge alongside RGGI

Published 20:08 on April 16, 2018  /  Last updated at 02:57 on April 17, 2018  /  Americas, US  /  No Comments

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.

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Alaska to consider carbon pricing as part of draft climate plan

Published 18:20 on April 13, 2018  /  Last updated at 23:25 on April 13, 2018  /  Americas, US  /  No Comments

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.

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New Jersey legislature passes renewable energy and zero emissions bills

Published 16:21 on April 13, 2018  /  Last updated at 23:47 on April 13, 2018  /  Americas, US  /  No Comments

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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