TCI jurisdictions looking at voluntary ETS phase, while questions linger on compliance accrual
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.
Read MoreVirginia governor targets 100% carbon-free electricity by 2050
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.
Read MoreNova Scotia exploring offset potential in province’s carbon market
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.
Read MoreColombia’s Boyaca region to launch Latin America’s first emissions trading scheme
The Colombian region of Boyaca will launch Latin America’s first emissions trading scheme next month.
Read MoreRFS Market: RINs lift on reports of higher biofuel volumes for 2020
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.
Read MoreStakeholders brace for fierce debate on California’s Tropical Forest Standard
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.
Read MoreCalifornia’s ARB still seeking EJ, labour representatives for offset task force
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.
Read MoreRhode Island awards $250k contract to study carbon pricing
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.
Read MoreWCI 2020 floor price estimate edges down on lower inflation figure
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.
Read MoreRGGI allowance prices to rise on increased hedging activity -ICIS
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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