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Ottawa approves New Brunswick CO2 levy proposal for spring 2020

Published 20:58 on December 11, 2019  /  Last updated at 20:58 on December 11, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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California offsets issuance hits four-month high on burst of forestry credits

Published 20:58 on December 11, 2019  /  Last updated at 20:58 on December 11, 2019  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

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.

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COP25: Roundup for Wednesday, Dec. 11

Published 18:01 on December 11, 2019  /  Last updated at 18:15 on December 11, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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ANALYSIS: California-owned carbon auction volume to dip in 2020, as Quebec allocation edges up

Published 17:52 on December 10, 2019  /  Last updated at 17:52 on December 10, 2019  /  Americas, Canada, US  /  No Comments

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.

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COP25: Washington governor targets renewed LCFS push in 2020, neutral on ETS

Published 16:40 on December 10, 2019  /  Last updated at 16:40 on December 10, 2019  /  Americas, Canada, Climate Talks, RINs & LCFS, US  /  No Comments

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.

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COP25: Roundup for Tuesday, Dec. 10

Published 11:07 on December 10, 2019  /  Last updated at 23:48 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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COP25: Quebec aiming to finish forestry protocol, post-2023 allocation methodology next year

Published 19:05 on December 9, 2019  /  Last updated at 19:05 on December 9, 2019  /  Americas, Canada, US  /  No Comments

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.

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COP25: Roundup for Monday, Dec. 9

Published 13:02 on December 9, 2019  /  Last updated at 09:55 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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COP25: Aviation offset stakeholders hit back at report criticising CORSIA applicants

Published 15:18 on December 7, 2019  /  Last updated at 15:55 on December 7, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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California carbon allowance industrial allocation jumps 16% in 2020

Published 23:58 on December 6, 2019  /  Last updated at 08:34 on December 7, 2019  /  Americas, Canada, US  /  No Comments

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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