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Washington carbon tax clears second Senate subcommittee, but economic concerns loom

Published 11:11 on February 23, 2018  /  Last updated at 11:11 on February 23, 2018  /  Americas, Carbon Taxes, US  /  No Comments

The newest version of Washington state’s proposed carbon tax was approved by another Senate body late Thursday, but concerns over the regressive nature of the tax cloud the future of a full floor vote.

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RGA volumes fall in Q4 2017 as compliance entities increase shares -report

Published 18:31 on February 22, 2018  /  Last updated at 18:55 on February 22, 2018  /  Americas, US  /  No Comments

Trading volumes in RGGI allowances dropped in Q4 2017 as compliance-oriented entities scooped up a greater portion, according to a report by market monitor Potomac Economics.

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NA Markets: California prices drop to 8-mth low as liquidity drains ahead of auction result

Published 17:26 on February 22, 2018  /  Last updated at 17:26 on February 22, 2018  /  Americas, Canada, US  /  No Comments

California carbon prices fell to an eight-month low this week as traders grew anxious over whether the WCI market could absorb its biggest auction yet, with activity grinding almost to a halt ahead of next week’s result.

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Quebec’s amended Environment Quality Act scheduled to take effect

Published 16:57 on February 22, 2018  /  Last updated at 17:20 on February 22, 2018  /  Americas, Canada, US  /  No Comments

Quebec is making several minor rule changes to its cap-and-trade scheme as the province gets ready to put amendments to its Environment Quality Act into force a month from now.

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Richer nations’ resolve wanes on cutting fossil fuel subsidies -OECD

Published 13:07 on February 22, 2018  /  Last updated at 13:07 on February 22, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Efforts by industrialised nations to reduce fossil fuel subsidies have slowed since the signing of the 2015 Paris Agreement while emerging economies have maintained pace in eliminating them, according to an OECD published Thursday.

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Ontario releases two new draft offset protocols for public review

Published 18:32 on February 21, 2018  /  Last updated at 18:32 on February 21, 2018  /  Americas, Canada  /  No Comments

Ontario’s Ministry of the Environment and Climate Change (MOECC) released two new draft offset protocols on Wednesday and launched a 45-day public review and comment period.

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California’s LCFS rulemaking proposal calls for greater GHG cuts

Published 18:16 on February 21, 2018  /  Last updated at 18:16 on February 21, 2018  /  Americas, Canada, US  /  No Comments

California officials released unofficial rulemaking documents to the Low Carbon Fuel Standard (LCFS) late on Tuesday, featuring more ambitious emissions reductions targets than previously discussed.

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BRIEFING: Understanding California’s Low Carbon Fuel Standard (LCFS)

Published 18:12 on February 21, 2018  /  Last updated at 19:12 on February 22, 2018  /  Americas, US  /  No Comments

A concise guide to the programme, detailing principle targets and scope, progress and latest developments.

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Analysts expect WCI price lift-off regardless of result of bumper auction

Published 16:00 on February 21, 2018  /  Last updated at 19:10 on February 22, 2018  /  Americas, Canada, US  /  No Comments

WCI allowances are likely to lift from the market’s auction reserve price in the coming months but could surge more steeply if Wednesday’s record-breaking auction fails to sell out, according to analysts at ClearBlue Markets.

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Latest Oregon ‘cap-and-invest’ amendment would buy legislators over a year to hammer out programme design

Published 17:27 on February 20, 2018  /  Last updated at 17:22 on February 22, 2018  /  Americas, Canada, US  /  No Comments

A new proposed amendment to Oregon’s ‘cap-and-invest’ proposal would temporarily strike the section of the bill governing programme design while keeping the more stringent GHG cap, a move that one key legislator told Carbon Pulse could be vital in ensuring that the legislation passes during the 2018 term.

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