CARBON PULSE CONVERSATIONS 014: MexiCO2
In the latest edition of our Carbon Pulse Conversations podcast, we chat with Eduardo Piquero, general director of Mexico City-based environmental consultancy MexiCO2, regarding carbon pricing developments at the national and subnational level in Mexico.
Read MoreCanada identifies eight project types for federal offset protocol development
The Canadian environment ministry on Thursday released a shortlist of project types for development under the federal offset system, as it clarified several other aspects of its protocol work under the ‘backstop’ output-based pricing system (OBPS).
Read MoreNA Markets: CCAs flatten on reduced demand as RGGI hits 14-month high
California Carbon Allowance (CCA) values stagnated below the WCI floor price on the secondary market this week, while RGGI allowances (RGA) rose to a 14-month high above the Emissions Containment Reserve (ECR) despite thin demand.
Read MoreODS projects containing California-based materials would qualify for DEBs offsets, document shows
Ozone-depleting substance (ODS) destruction projects that contain any amount of California-based product would be deemed to provide direct environmental benefits to the state (DEBs) under the state’s compliance offset programme, an official confirmed to Carbon Pulse.
Read MoreStrict DEBs definition could yield undersupplied California offset market by 2027 – analysts
California offset credits with direct environmental benefits to the state (DEBs) may be undersupplied in the post-2020 period and lead to tighter discounts to WCI allowance prices, depending on regulator ARB’s final classification, according to a new analysis published Tuesday.
Read MoreICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase
ICAO’s Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the scheme.
Read MoreEleven new California CITSS accounts opened in Q2 as allowances sunk beneath WCI floor
Eleven entities opened California-based Compliance Instrument Tracking System Service (CITSS) accounts to participate in the WCI carbon market during the second quarter of 2020 as five others closed theirs, data from state regulator ARB showed Tuesday.
Read MoreResearchers flag concerns on additionality, perverse incentives in California’s offset programme
California’s compliance offset approach does not eliminate the risk of over crediting emissions reductions from approved protocols, but further analysis and changes could minimise that outcome, according to an updated research report.
Read MoreCalifornia to begin tagging DEBs-eligible offsets, accept out-of-state project applications
California regulator ARB will begin tagging in-state offset credits that meet the requirements of yielding direct environmental benefits to the state (DEBs) in the coming weeks, with an application process also expected to potentially qualify out-of-state projects with that distinction.
Read MoreCalifornia fuel sales collapse in March amid COVID-19 outbreak, larger cuts expected in April
California’s WCI-capped fuel consumption plummeted during March as a statewide ‘shelter-in-place’ order went into effect and stunted vehicle miles travelled across the Golden State, with federal data forecasting steeper drops in April.
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