Top

Canada publishes first two draft protocols for federal offset system

Published 22:25 on January 18, 2022  /  Last updated at 22:25 on January 18, 2022  /  Americas, Canada, Voluntary Market  /  No Comments

The Canadian environment ministry this week released the first two draft protocols under the national carbon offset system, as it revealed further details on the delayed timelines for developing and finalising additional methodologies under the nascent programme.

Read More
Top

Offset policy can provide easier path to carbon market linking, report finds

Published 20:26 on January 18, 2022  /  Last updated at 20:26 on January 18, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, China's National ETS, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, UK ETS, US  /  No Comments

Prospects for linking carbon markets could hinge on how closely jurisdictions make provisions for offset use, according to a report prepared for the regulatory authorities of the EU, California, Quebec, China, New Zealand and Switzerland carbon compliance markets.

Read More
Top

Exxon snubs vast majority of emissions in aspirational 2050 net zero target

Published 17:24 on January 18, 2022  /  Last updated at 17:24 on January 18, 2022  /  Americas, International, US  /  No Comments

ExxonMobil on Tuesday announced it will hope to reach net zero GHG output from its operations by mid-century, though it continued the trend of American oil majors declining to cover emissions from their products within their climate strategies.

Read More
Top

ANALYSIS: US oil companies lag in climate targets, avoid lifecycle commitments

Published 11:20 on January 18, 2022  /  Last updated at 17:22 on January 18, 2022  /  Americas, Aviation/CORSIA, Climate Talks, EMEA, EU ETS, International, US, Voluntary Market  /  No Comments

The climate goals of US oil and gas companies are less ambitious compared with their European counterparts as they avoid firm commitments to address full lifecycle emissions and set targets that enable their absolute greenhouse gas output to rise.

Read More
Top

UN chief warns Davos on climate inaction, global risks

Published 19:53 on January 17, 2022  /  Last updated at 09:47 on January 18, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

UN Secretary General Antonio Guterres told the World Economic Forum (WEF) on Monday that there is no sign that governments are planning to effectively manage climate risks, urging the private sector to step up efforts and avoid greenwashing well ahead of November’s COP27 UN climate talks in Egypt.

Read More
Top

VCM Report: Nature-based contract hits new heights while CORSIA units falter

Published 17:59 on January 17, 2022  /  Last updated at 22:36 on January 17, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standardised nature-based voluntary emissions reductions (VER) prices found strength this week, while technology-based CORSIA-eligible credits and others generally flatlined or sank.

Read More
Top

Virginia Republican governor commences process to end RGGI-linked programme

Published 05:57 on January 17, 2022  /  Last updated at 06:12 on January 17, 2022  /  Americas, US  /  No Comments

Virginia Governor Glenn Youngkin (R) on Saturday issued an executive order to assess and ultimately sever the state’s RGGI-linked cap-and-trade regulation, though it is uncertain when or even if the new leader can end Old Dominion’s membership in the power sector carbon market without new legislation.

Read More
Top

Financial players’ CCA length rises back towards 100 mln, emitters add to holdings

Published 22:08 on January 14, 2022  /  Last updated at 22:08 on January 14, 2022  /  Americas, Canada, US  /  No Comments

Speculators significantly increased their California Carbon Allowance (CCA) holding this week as prices dove, while compliance entities modestly decreased their net short position, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Read More
Top

Quebec free carbon allowance allocation inches down in 2022

Published 21:12 on January 14, 2022  /  Last updated at 21:12 on January 14, 2022  /  Americas, Canada, US  /  No Comments

Quebec’s initial free allowance distribution for 2022 slightly regressed from the previous year, even as the number of industrial cap-and-trade emitters receiving allocation increased, according to data published by the province’s environmental ministry.

Read More
Top

US Carbon Pricing and LCFS Roundup for week ending Jan. 14, 2022

Published 21:04 on January 14, 2022  /  Last updated at 21:04 on January 14, 2022  /  Americas, RINs & LCFS, US, Voluntary Market  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including a market-based climate policy in New Mexico.

Read More