Top

Emitters and speculators keep California carbon positions steady ahead of Q3 auction

Published 22:37 on August 14, 2020  /  Last updated at 22:37 on August 14, 2020  /  Americas, Canada, US  /  No Comments

Compliance and financial entities held their California Carbon Allowance (CCA) positions mostly flat ahead of next week’s WCI auction, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Read More
Top

BC, Alberta CO2 pricing approaches less effective than EU ETS, WCI -study

Published 19:22 on August 14, 2020  /  Last updated at 23:03 on August 14, 2020  /  Americas, Canada, Carbon Taxes, EMEA, EU ETS, International, US  /  No Comments

British Columbia’s carbon levy and Alberta’s former output-based pricing system failed to stimulate GHG abatement over their respective histories compared to the success of the EU ETS and the linked California-Quebec WCI cap-and-trade programme, new analysis has found.

Read More
Top

Rising power demand may minimise coronavirus impact on RGGI emissions, data shows

Published 18:39 on August 14, 2020  /  Last updated at 18:39 on August 14, 2020  /  Americas, US  /  No Comments

Northeast US electricity consumption returned to historic levels over the past several months as warmer weather increased residential usage, likely curtailing the impact of COVID-19 on RGGI compliance obligations, according to grid data.

Read More
Top

Brazilian legislators overturn Bolsonaro veto to slash RenovaBio credit tax  

Published 23:17 on August 13, 2020  /  Last updated at 23:59 on August 13, 2020  /  Americas, RINs & LCFS, South & Central  /  No Comments

Income from the sale of Brazilian biofuel credits under the country’s RenovaBio programme will face a much lower tax rate after lawmakers on Wednesday quashed a veto by President Jair Bolsonaro.

Read More
Top

NA Markets: RGGI finds more compliance support, California prices inch up ahead of Q3 sale

Published 23:10 on August 13, 2020  /  Last updated at 00:17 on August 14, 2020  /  Americas, Canada, US  /  No Comments

RGGI allowance (RGA) prices rose on additional secondary market compliance buying this week, as California Carbon Allowance (CCA) values nudged higher ahead of the Aug. 18 WCI auction.

Read More
Top

Pennsylvania joining RGGI would cut in-state and regional emissions -study

Published 22:52 on August 13, 2020  /  Last updated at 00:22 on August 14, 2020  /  Americas, US  /  No Comments

Carbon emissions across Pennsylvania and the eastern half of the US would decline if the Keystone State were to join the RGGI ETS in 2022 under its proposed cap level, according to a study published Thursday.

Read More
Top

Global coal power generation drops 8.3% in H1 as renewables advance -analysts

Published 00:01 on August 13, 2020  /  Last updated at 22:06 on August 12, 2020  /  Americas, Asia Pacific, China, EMEA, EU ETS, International, US  /  No Comments

Global coal power generation plummeted by 8.3% year-on-year in the first half of 2020 due to lower electricity demand and a rise in wind and solar generation, a study released on Thursday found.

Read More
Top

Business group calls for offset provisions, EITE protections in BC climate strategy 

Published 23:09 on August 12, 2020  /  Last updated at 00:51 on August 13, 2020  /  Americas, Canada, Carbon Taxes, International, New Market Mechanisms  /  No Comments

The British Columbia government should feature carbon offsets as part of the province’s climate strategy and include protections for emissions-intensive, trade-exposed (EITE) industries that other countries and jurisdictions incorporate in their CO2 pricing approaches, an association of some 250 businesses said in a report published Tuesday.

Read More
Top

Wisconsin agency says waste facility caused violations at ARB-registered offset project

Published 22:54 on August 12, 2020  /  Last updated at 00:52 on August 13, 2020  /  Americas, Canada, US  /  No Comments

A Wisconsin environmental agency concluded that violations at a dairy farm stemmed from a waste storage facility, rejecting the California-registered offset project owner’s assertions that a feed storage area led to the elevated ammonia levels, documents show.

Read More
Top

California dishes out over 900k offsets as ARB tags more DEBs credits

Published 22:46 on August 12, 2020  /  Last updated at 22:53 on August 12, 2020  /  Americas, Aviation/CORSIA, Canada, Mexico, US, Voluntary Market  /  No Comments

California granted more than 900,000 new offset credits this week, with roughly a quarter designated as providing direct environmental benefits to the state (DEBs), according to data from regulator ARB released on Wednesday.

Read More