Ontario inks cap-and-trade link deal with California and Quebec
Ontario on Friday signed an agreement with Quebec and California to link their cap-and-trade schemes under the WCI programme starting in Jan. 2018.
Read MoreNA Markets: WCI, RGGI prices diverge in busy trade
North American CO2 prices moved in opposite directions this week, with the WCI market weakening slightly while RGGI prices advanced on sellers holding out for higher levels.
Read MoreUS-based Climate Trust Capital inks another offset deal, completing targeted trilogy of sectoral investments
US-based private investment fund Climate Trust Capital (CTC) has inked another carbon credit deal, expanding its portfolio into the livestock biogas sector.
Read MoreMore confusion as EU, US make conflicting statements about Trump’s Paris withdrawal
There was more policy confusion surrounding the US position on the Paris Agreement this weekend after claims from government officials that the country would remain in the 2015 climate pact were refuted by White House spokespeople and members of Trump’s cabinet.
Read MoreCalifornia’s tighter offset limits not seen likely to be repeated by WCI partners
Restrictions on post-2020 offset use in California’s cap-and-trade scheme are unlikely to be matched by WCI partners Quebec and Ontario, according to government sources and market participants.
Read MoreCalifornia, Quebec to offer additional 15.9 mln allowances in November auction
California and Quebec will hold their final joint auction of the year on Nov. 14, offering an additional 15.91 million unsold allowances up for grabs in the quarterly sale.
Read MoreNA Markets: Prices drift on thin interest despite strong Ontario auction
Prices for carbon permits on North America’s east and west coasts drifted this week as the impact of the recent auctions faded.
Read MoreFires claim first offsets from California’s forest buffer account
California this week retired more than 10% of the offsets in the state’s forest buffer account due to fires, while issuing some 654,400 new credits across five projects.
Read MoreOntario carbon auction sells out for third time, with buyers paying nearly C$2 above the floor
Ontario’s quarterly carbon auction sold out for a third straight time, with 25.3 million current allowances being picked up at almost C$2 above the reserve price.
Read MoreFirst Ontario offset project announced as investment begins flowing ahead of protocol release
Bluesource Canada has signed an agreement to develop one of Ontario’s first offset projects, teaming up with a forest manager to advance the initiative ahead of the forthcoming release of the province’s initial protocols.
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