California offset investigation could conclude this month -sources
California regulator ARB could decide by the end of January whether to invalidate offset reporting periods under review for regulatory compliance violations, three WCI market sources told Carbon Pulse.
Read MoreNA Markets: California carbon dips ahead of first 2020 auction, RGGI stays flat
California Carbon Allowance (CCA) prices continued dropping on the secondary market this week as participants looked to unload volume ahead of the February WCI auction, while RGGI prices stagnated on low liquidity.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreAlberta offset prices rise ahead of compliance deadline, though future increases uncertain
Alberta offset prices are increasing as companies look to cover their obligations under the Canadian province’s outgoing large emitter programme, though future negotiations with the federal government over the new scheme’s CO2 price are clouding the outlook beyond the spring true-up deadline.
Read MoreKey Oregon Democrat wants ETS proposal passed, but stays mum on current bill
A Democratic Oregon state senator who opposed her party’s WCI-modelled cap-and-trade proposal last year is open to supporting a carbon reduction bill during the state’s short 2020 lawmaking term, but has stopped short of backing her colleague’s revised legislation.
Read MoreNova Scotia announces first two carbon allowance auctions
Nova Scotia will hold its first two carbon allowance auctions later this year for the 26 entities regulated by its ETS, the Canadian province announced this week.
Read MoreUS Carbon Pricing Roundup for week ending Jan. 17, 2020
A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including developments in Massachusetts, Maryland, and Washington state.
Read MoreLCFS Market: California prices pull within records, BC deficit grows
California Low Carbon Fuel Standard (LCFS) prices flirted with all-time highs this week, while data showed British Columbia’s credit deficit for its own clean fuels programme rose in 2018.
Read MoreNA Markets: California price drop reverses early year rally, RGGI takes off on higher demand
California Carbon Allowance (CCA) prices dropped on the secondary market after rising toward programme highs to start 2020, while RGGI Allowance (RGA) prices rose double-digits amid increased buying.
Read MoreWashington state can implement Clean Air Rule on stationary sources, court rules
The Washington Department of Ecology (ECY) can enforce its market-based carbon rule on stationary emitters after the state Supreme Court partially overturned a lower court’s decision on Thursday, but the ruling still bars the agency from implementing GHG limits on fuel suppliers and natural gas distributors.
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