Ottawa approves New Brunswick CO2 levy proposal for spring 2020
The Canadian federal government on Wednesday gave the green light for New Brunswick’s proposed carbon tax on fossil fuels beginning in April, a move that will allow the province to avoid coverage under Ottawa’s ‘backstop’ CO2 levy.
Read MoreCalifornia offsets issuance hits four-month high on burst of forestry credits
California regulator ARB granted nearly 2.4 million new California Carbon Offsets (CCOs) across two protocols this week, with the vast majority stemming from a large forestry project, according to data released Wednesday.
Read MoreCOP25: Roundup for Wednesday, Dec. 11
The nearly 200 parties to the Paris Agreement on Wednesday dove headfirst into forging an agreement on the market-based Article 6 of the Paris Agreement, while dozens of attendees from environmental and indigenous groups were kicked out by UN security for protesting the slow pace of the talks.
Read MoreANALYSIS: California-owned carbon auction volume to dip in 2020, as Quebec allocation edges up
WCI carbon auction volume owned by California will dip nearly a quarter next year, while Quebec’s free permit allocation to industrial entities will increase compared to 2019, according to Carbon Pulse analysis.
Read MoreCOP25: Washington governor targets renewed LCFS push in 2020, neutral on ETS
Washington Governor Jay Inslee (D) intends to once again back a low-carbon fuel standard (LCFS) during the 2020 legislative session, but his administration will not endorse a state senator’s WCI-modelled cap-and-trade bill, an advisor told Carbon Pulse on the sidelines of the UN climate summit Tuesday.
Read MoreCOP25: Roundup for Tuesday, Dec. 10
The high-level segment of the UN climate summit kicked off Tuesday as national ministers descended on the Spanish capital, with the Paris Agreement’s market-based Article 6 text still requiring a substantial amount of work. Below is a running summary of those efforts, as well as other happenings at the summit.
Read MoreCOP25: Quebec aiming to finish forestry protocol, post-2023 allocation methodology next year
Quebec intends to finalise its forestry offset protocol and post-2023 allowance allocation levels for its WCI-linked cap-and-trade programme next year after completing consultations on both topics, the Canadian province’s environmental minister said at a UN climate conference side event on Monday.
Read MoreCOP25: Roundup for Monday, Dec. 9
UN climate negotiations in Madrid shift into high gear this week with the arrival of ministers from most of the nearly 200 countries attending the COP25 talks tasked with finalising work on emissions trading rules under the Paris Agreement’s Article 6. Below is a running summary of those efforts, as well as other happenings at the summit.
Read MoreCOP25: Aviation offset stakeholders hit back at report criticising CORSIA applicants
A recent study challenging the carbon credit standards that have applied for the global CORSIA aviation offsetting scheme made questionable interpretations of the programme’s environmental criteria, and also ran counter to UN body ICAO’s own guidance in the process, developers and brokers said Friday.
Read MoreCalifornia carbon allowance industrial allocation jumps 16% in 2020
Industrial allowance allocation for California facilities regulated under the state’s WCI-linked cap-and-trade programme rose by roughly 15 million in 2020, as the number of those permits eligible for past compliance obligations more than doubled, according to data published Friday.
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