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Canadian ETF provider seeks approval for carbon neutral North American blue chip index funds

Published 23:45 on April 14, 2021  /  Last updated at 00:47 on April 15, 2021  /  Americas, Bavardage, Canada, International, US, Voluntary Market  /  No Comments

A Canadian ETF provider has applied to introduce a series of funds that track major North American equity indexes while offsetting a portion of the emissions of the constituent companies.

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California mints 260k new offsets with DEBs-eligible ODS projects netting the bulk

Published 22:39 on April 14, 2021  /  Last updated at 22:39 on April 14, 2021  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California regulator ARB issued more than 260,000 new offsets this week, with the ozone-depleting substance (ODS) protocol accounting for the majority of these and with all qualifying as providing direct environmental benefits to the state (DEBs), according to data published Wednesday.

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Rising US inflation pushes California cap-and-trade floor price expectations close to $19

Published 14:38 on April 13, 2021  /  Last updated at 16:37 on April 13, 2021  /  Americas, Canada, US  /  No Comments

California’s WCI-linked cap-and-trade floor price is on track to rise near $19 in 2022 due to higher inflation in March, according to federal data released Tuesday.

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Canadian GHGs tick up in 2019 during first year of carbon pricing plan

Published 22:49 on April 12, 2021  /  Last updated at 23:35 on April 12, 2021  /  Americas, Canada, Carbon Taxes, International  /  No Comments

Canadian emissions inched higher in 2019 on the back of rising Alberta GHGs and steady output from the transportation and oil and gas sectors, coinciding with the start of Ottawa’s federal ‘backstop’ CO2 levy and output-based pricing system, government data published on Monday showed.

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NY State Pension Fund will dump seven companies over oil sands exposure

Published 22:40 on April 12, 2021  /  Last updated at 22:40 on April 12, 2021  /  Americas, Asia Pacific, Canada, EMEA, International, US  /  No Comments

The New York State Pension Fund will immediately divest of equity and debt associated with seven companies in its portfolio and cease new investments in companies with oil sands exposure after announcing a net zero target last year, the fund said Monday.

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VCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review

Published 19:40 on April 12, 2021  /  Last updated at 19:40 on April 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices continued a month-long descent this week as activity picked up in the futures market, while voluntary carbon market (VCM) traders pondered the impacts of US-based The Nature Conservancy undertaking an internal review of its forestry projects over additionality concerns.

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Quebec shifts 2019 carbon allowances into reserve as province issues new allocation

Published 18:35 on April 12, 2021  /  Last updated at 18:35 on April 12, 2021  /  Americas, Canada, US  /  No Comments

Quebec shifted past vintage allowances into its price containment reserve and doled out additional free allocations in Q1, with the remaining Vintage 2019 volume for the province’s cap-and-trade programme to be auctioned at the May WCI sale, according to the provincial environmental ministry.

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Financial entities add to CCA holdings as emitters trim positions

Published 22:05 on April 9, 2021  /  Last updated at 22:05 on April 9, 2021  /  Americas, Canada, US  /  No Comments

Speculators increased their California Carbon Allowance (CCA) holdings over the past week, while WCI emitters shed their holdings slightly, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: The Risk of Diverting Carbon Finance from Nature to Technological Carbon Removals

Published 19:30 on April 9, 2021  /  Last updated at 19:40 on April 9, 2021  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Increasingly, engineered carbon removal technologies are pitched against nature-based solutions to tackle the climate crisis – particularly in the voluntary carbon markets. Will forests be passed over to benefit from carbon finance – again?

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Federal forecast sees rising US fuel demand this summer, potentially padding California CO2 obligations

Published 18:42 on April 9, 2021  /  Last updated at 18:42 on April 9, 2021  /  Americas, Canada, US  /  No Comments

US gasoline and diesel consumption is expected to rise this summer over 2020 levels as the impacts of the COVID-19 pandemic ease, according to a federal forecast, likely increasing cap-and-trade obligations for US fuel suppliers in the WCI-linked programme.

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