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Michigan and Bluesource team up for voluntary forest carbon project

Published 23:13 on September 21, 2020  /  Last updated at 00:34 on September 22, 2020  /  Americas, US, Voluntary Market  /  No Comments

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.

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California’s ARB loses second LCFS branch chief in less than 18 months -source

Published 23:04 on September 21, 2020  /  Last updated at 00:35 on September 22, 2020  /  Americas, RINs & LCFS, US  /  No Comments

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.

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CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report

Published 23:00 on September 21, 2020  /  Last updated at 23:00 on September 21, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Other APAC, South & Central, US, Voluntary Market  /  No Comments

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. 

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Canada accepts weaker Ontario and New Brunswick large emitter programmes to replace federal OBPS

Published 17:42 on September 21, 2020  /  Last updated at 23:26 on September 21, 2020  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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PJM states should opt for carbon pricing over state-led RPS programmes -market monitor

Published 23:03 on September 18, 2020  /  Last updated at 23:03 on September 18, 2020  /  Americas, Carbon Taxes, US  /  No Comments

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.

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Compliance entities part with California carbon allowances again as financials build holdings

Published 22:05 on September 18, 2020  /  Last updated at 22:05 on September 18, 2020  /  Americas, Canada, US  /  No Comments

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.

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November WCI current auction to offer 56.4 mln allowances

Published 21:32 on September 18, 2020  /  Last updated at 21:32 on September 18, 2020  /  Americas, Canada, US  /  No Comments

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.

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Brazil finalises lower RenovaBio targets as biofuel credit trade picks up

Published 16:01 on September 18, 2020  /  Last updated at 00:00 on September 19, 2020  /  Americas, RINs & LCFS, South & Central  /  No Comments

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.

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Top economist says South Australia should join California ETS

Published 11:51 on September 18, 2020  /  Last updated at 00:05 on September 19, 2020  /  Americas, Asia Pacific, Australia, Canada, US  /  No Comments

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.

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NA Markets: CCAs rise to COVID-19 era highs, as RGGI ticks up

Published 22:54 on September 17, 2020  /  Last updated at 22:54 on September 17, 2020  /  Americas, Canada, US  /  No Comments

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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