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WCI market to be long nearly 13 Mt in 2019, as offset demand expected to rise -analysts

Published 21:00 on February 20, 2019  /  Last updated at 00:14 on February 21, 2019  /  Americas, Canada, US  /  No Comments

The California-Quebec cap-and-trade programme is expected to be long almost 13 Mt in 2019, while offset usage is expected to increase in the WCI market’s third compliance period, analysts said.

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COMMENT – Ontario’s plan vs the federal backstop: What companies need to know

Published 18:03 on February 20, 2019  /  Last updated at 01:03 on February 21, 2019  /  Americas, Canada, Carbon Taxes, US  /  No Comments

In the run-up to the Carbon Pricing for Canadian Industry conference – April 25-26 at the Hilton Toronto – Canadian Clean Energy conferences is running a series of articles on key topics for industries complying with provincial and federal carbon regulations.

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Glencore to cap coal production, set climate targets in line with Paris

Published 09:06 on February 20, 2019  /  Last updated at 09:06 on February 20, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, EMEA, US  /  No Comments

Glencore will cap its global coal production at current levels and develop fresh emissions targets, the company announced Tuesday, after investor pressure to limit its impact on climate change.

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ANALYSIS: California offset developers still awaiting clarity on ‘DEBs’ eligible projects

Published 21:15 on February 19, 2019  /  Last updated at 01:44 on February 20, 2019  /  Americas, Canada, US  /  No Comments

California offset project developers believe a lack of certainty regarding how credits can show a “direct environmental benefit in the state” (DEBs) in the post-2020 cap-and-trade programme may yield near-term market impacts.

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WCI current vintage carbon auction expected to sell out near floor

Published 21:02 on February 19, 2019  /  Last updated at 01:50 on February 20, 2019  /  Americas, Canada, US  /  No Comments

California and Quebec’s upcoming current vintage auction will sell out within a few cents of the floor price, while the future vintage sale will fail to be fully subscribed due to limited interest, traders polled by Carbon Pulse said.

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California could account for LADWP plant closures in carbon allocation discussions

Published 22:07 on February 15, 2019  /  Last updated at 22:25 on February 15, 2019  /  Americas, Canada, US  /  No Comments

California’s ARB could amend its carbon allowance allocations to account for the Los Angeles Department of Water & Power’s (LADWP) post-2020 power plant closures, as the state agency also looks to adapt ETS regulations to account for higher Renewable Portfolio Standard (RPS) targets, sources said.

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Canadian ‘backstop’ carbon price a matter of national concern, federal government argues

Published 23:27 on February 14, 2019  /  Last updated at 02:03 on February 15, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian federal government may impose its CO2 pricing scheme on recalcitrant provinces because the country’s GHG emissions are not only a matter of national concern, but Canada is well off track towards meeting its targets under international treaties, Ottawa and its supporters argued in the second and final day of a court hearing on Thursday.

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NA Markets: RGGI prices fall sharply as WCI trade continues to languish

Published 18:09 on February 14, 2019  /  Last updated at 23:12 on February 14, 2019  /  Americas, Canada, US  /  No Comments

RGGI prices fell by double digits this week as traders took a more bearish near-term view, while California CCA prices continued to stagnate ahead of the WCI market’s auction next week.

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Saskatchewan, supporters combat federal carbon tax as legal challenge gets underway

Published 23:12 on February 13, 2019  /  Last updated at 02:11 on February 14, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The province of Saskatchewan and its allies argued Wednesday that the Canadian federal government’s carbon tax mandate is unconstitutional and violates the principles of federalism, kicking off the first of two lawsuits this year against Ottawa’s ‘backstop’ CO2 pricing plan.

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Climate Action Reserve launches mitigation programme based on forecasted emissions reductions

Published 22:59 on February 13, 2019  /  Last updated at 01:57 on February 14, 2019  /  Americas, Canada, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Companies will be able to show emission mitigation efforts for future economic developments under a new programme launched Wednesday by California-based offset registry Climate Action Reserve (CAR), a departure from traditional offset activities that award credits after achieving reductions.

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