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California hands out 1 mln offsets, with most going to new forest projects

Published 20:55 on November 22, 2017  /  Last updated at 22:01 on November 22, 2017  /  Americas, Canada, US  /  No Comments

California issued more than 1 million offsets to six projects this week, according to Air Resources Board data, taking the total number awarded by the state above 86 million.

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Final California-Quebec carbon auction of 2017 sells out at huge premium despite heftier supply

Published 21:01 on November 21, 2017  /  Last updated at 08:56 on November 22, 2017  /  Americas, Canada, US  /  No Comments

California and Quebec’s final joint carbon auction of 2017 sold out, results showed on Tuesday, with prices hitting their highest premium to the sale floor in four years despite nearly 16 million additional units being on offer.

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ECOSYSTEM MARKETPLACE: In Bonn, progress on markets hampered by gridlock on everything else

Published 14:42 on November 20, 2017  /  Last updated at 14:42 on November 20, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Views, Voluntary Market  /  No Comments

The Americas aren’t named for Christopher Columbus, but for his map-maker, Amerigo Vespucci, who first figured out that Brazil is a pretty big part of the New World – something to keep in mind as climate negotiators sketch out the map for implementing the Paris Agreement.

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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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COP23: UN negotiators get ahead of themselves in Bonn CO2 trade talks

Published 18:00 on November 17, 2017  /  Last updated at 18:26 on November 17, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Negotiations on global carbon trade under the Paris Agreement edged ahead of other strands of the UN climate talks over two weeks in Bonn, boosting confidence that countries and companies seeking to use international CO2 deals will have rules in place well ahead of the pact’s 2020 start.

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COP23: Singapore becomes 20th nation to back ministerial declaration on carbon markets

Published 23:51 on November 16, 2017  /  Last updated at 23:51 on November 16, 2017  /  Americas, Asia Pacific, Climate Talks, International, New Market Mechanisms  /  No Comments

Singapore signed up to an international ministerial declaration on carbon markets on Thursday, bolstering the club of rich and poor countries pledging to cooperate on environmental integrity to spur international emissions trade.

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NA Markets: California prices edge higher after auction

Published 23:02 on November 16, 2017  /  Last updated at 23:02 on November 16, 2017  /  Americas, US  /  No Comments

Prices on both North American coasts varied relatively little over the past week, though the Californian market was far more active than its eastern counterpart as WCI participants positioned themselves ahead of Tuesday’s auction.

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COP23: Spotlight on questionable CDM projects brings Brazil’s split carbon market views to fore

Published 22:39 on November 16, 2017  /  Last updated at 23:36 on November 16, 2017  /  Americas, International, Kyoto Mechanisms, REDD, South & Central  /  No Comments

Three Brazilian hydro projects owned by state-owned energy company Eletrobras could generate nearly 170 million environmentally dubious CERs by 2030, climate campaigners have claimed, raising questions over the government’s continued support for the CDM while snubbing REDD-based offsets.

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COP23: 25 nations, sub-nationals join UK-Canada coal exit alliance

Published 19:23 on November 16, 2017  /  Last updated at 00:44 on November 17, 2017  /  Americas, Asia Pacific, Canada, Climate Talks, EMEA, International, Voluntary Market  /  No Comments

Some 25 national and sub-national jurisdictions have joined a global alliance forged by the UK and Canada to encourage a transition from unabated coal-fired power to cleaner alternatives, with the founding nations seeking to reach 50 members within a year.

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Virginia regulators approve plan to launch carbon market, link to RGGI

Published 17:13 on November 16, 2017  /  Last updated at 17:54 on November 16, 2017  /  Americas, US  /  No Comments

Virginia regulators have approved a proposal to establish a state-wide cap-and-trade scheme that will link to neighbouring RGGI.

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