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TCI jurisdictions looking at voluntary ETS phase, while questions linger on compliance accrual

Published 21:28 on September 17, 2019  /  Last updated at 21:28 on September 17, 2019  /  Americas, US  /  No Comments

Transportation and Climate Initiative (TCI) jurisdictions in the Northeast US have discussed a voluntary phase for the proposed carbon market, while stakeholders continue to urge the programme to shift compliance obligations to the wholesale rack, regulatory sources said.

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Virginia governor targets 100% carbon-free electricity by 2050

Published 18:50 on September 17, 2019  /  Last updated at 21:36 on September 17, 2019  /  Americas, US  /  No Comments

Virginia Governor Ralph Northam (D) signed an executive order Tuesday setting out the decarbonisation of the electricity sector by mid-century, a move that could impact the state’s future participation in the Northeast US RGGI ETS.

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Nova Scotia exploring offset potential in province’s carbon market

Published 16:43 on September 17, 2019  /  Last updated at 21:45 on September 17, 2019  /  Americas, Canada  /  No Comments

The Nova Scotia government has issued a request for proposals (RFP) to assess the potential for incorporating compliance-based offsets in the Canadian province’s new emissions trading scheme.

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Colombia’s Boyaca region to launch Latin America’s first emissions trading scheme

Published 14:32 on September 17, 2019  /  Last updated at 14:32 on September 17, 2019  /  Americas, Carbon Taxes, International, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The Colombian region of Boyaca will launch Latin America’s first emissions trading scheme next month.

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RFS Market: RINs lift on reports of higher biofuel volumes for 2020

Published 22:02 on September 16, 2019  /  Last updated at 22:02 on September 16, 2019  /  Americas, RINs & LCFS, US  /  No Comments

Biofuel credits under the US Renewable Fuel Standard (RFS) jumped in value over the past several days amid reports that President Donald Trump may back a plan to make up for compliance obligations waived through dozens of programme exemptions this year.

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Stakeholders brace for fierce debate on California’s Tropical Forest Standard

Published 21:47 on September 16, 2019  /  Last updated at 22:11 on September 16, 2019  /  Americas, Aviation, Canada, Mexico, REDD, South & Central, US, Voluntary Market  /  No Comments

Critics and supporters of California’s Tropical Forest Standard (TFS) are anticipating a contentious meeting on Thursday to decide the fate of the possible precursor to jurisdictional REDD offsetting, with some believing state regulator ARB will approve the proposal after its year-long review.

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California’s ARB still seeking EJ, labour representatives for offset task force

Published 18:03 on September 16, 2019  /  Last updated at 22:18 on September 16, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB opened a second solicitation for its Compliance Offsets Protocol Task Force (OPTF) on Friday, as the agency is seeking additional applicants from the environmental justice and labour communities.

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Rhode Island awards $250k contract to study carbon pricing

Published 18:06 on September 13, 2019  /  Last updated at 18:06 on September 13, 2019  /  Americas, Uncategorized, US  /  No Comments

Rhode Island has awarded a $250,000 contract to a consultancy to perform a statewide study to determine ways to reduce carbon emissions in line with previously approved GHG targets, a regulatory source said.

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WCI 2020 floor price estimate edges down on lower inflation figure

Published 22:29 on September 12, 2019  /  Last updated at 00:19 on September 13, 2019  /  Americas, Canada, US  /  No Comments

The US Bureau of Labor Statistics reported Thursday that year-on-year inflation skewed lower in August, setting up a potential 2020 WCI carbon floor price of $16.67.

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RGGI allowance prices to rise on increased hedging activity -ICIS

Published 22:10 on September 12, 2019  /  Last updated at 22:24 on September 12, 2019  /  Americas, US  /  No Comments

RGGI allowance (RGA) prices will increase ahead of and during the post-2020 phase as a result of higher hedging activity from new and existing compliance entities, but the programme will not see a fundamental deficit over that period, analytics firm ICIS said Thursday.

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