Michigan and Bluesource team up for voluntary forest carbon project
The Michigan Department of Natural Resources (DNR) last week announced it selected environmental firm Bluesource to develop the country’s first offset project on state-owned forest land, with the aim of supplying credits to the voluntary offset market.
Read MoreCalifornia’s ARB loses second LCFS branch chief in less than 18 months -source
California regulator ARB’s Low Carbon Fuel Standard (LCFS) branch chief stepped down from his role last week, marking the second departure from the agency’s top spot for the clean fuels programme in less than 18 months, a regulatory source told Carbon Pulse.
Read MoreCO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report
Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday.
Read MoreCanada accepts weaker Ontario and New Brunswick large emitter programmes to replace federal OBPS
The Canadian government approved Ontario and New Brunswick’s output-based pricing systems (OBPS) under the federal carbon pricing framework on Monday, despite Ottawa’s own admission that both programmes in the conservative-led jurisdictions will achieve fewer GHG reductions than the national ‘backstop’ mechanism.
Read MorePJM states should opt for carbon pricing over state-led RPS programmes -market monitor
Members of the US’ PJM power grid should choose CO2 pricing mechanisms like RGGI to lower emissions and generate revenue, rather than relying on inconsistent and expensive Renewable Portfolio Standards (RPS) and subsidies to do the job, the regional transmission organisation’s market monitor said Friday.
Read MoreCompliance entities part with California carbon allowances again as financials build holdings
Emitters continued to reduce their California Carbon Allowance (CCA) holdings this week as prices rose on the secondary market, while speculators added to their collective position, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreNovember WCI current auction to offer 56.4 mln allowances
The Q4 California-Quebec carbon auction will feature 56.4 mln current permits in the final WCI quarterly sale of the year, slightly more than previous estimates due to the inclusion of some past vintage units.
Read MoreBrazil finalises lower RenovaBio targets as biofuel credit trade picks up
The Brazilian National Energy Policy Council (CNPE) has officially slashed the 2020 targets for the country’s RenovaBio programme in response to the COVID-19 pandemic, with the government’s decision spurring an increase in carbon credit trade under the biofuels market.
Read MoreTop economist says South Australia should join California ETS
The state of South Australia should seek to join California’s emissions trading scheme or form a domestic carbon market in order to generate and sell offsets from greenhouse gases stored in soil or water, one of the nation’s most prominent economists has recommended in a government-commissioned report.
Read MoreNA Markets: CCAs rise to COVID-19 era highs, as RGGI ticks up
California Carbon Allowance (CCA) prices this week climbed to their highest level since the COVID-19 pandemic inflicted bearish pressure on the secondary market this spring, while RGGI allowance (RGA) values inched up on thin demand.
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