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Oregon alters fuel sector phase-in for WCI-modelled cap-and-trade proposal

Published 16:31 on February 4, 2020  /  Last updated at 23:57 on February 4, 2020  /  Americas, Canada, US  /  No Comments

Oregon could regulate transportation sector emissions across 18 geographic areas in 2025 under the state’s carbon market bill, as Democrats made a variety of other proposed changes in the hopes of bolstering GOP support for the controversial legislation.

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US Carbon Pricing Roundup for week ending Jan. 31, 2020

Published 21:45 on January 31, 2020  /  Last updated at 01:17 on February 1, 2020  /  Americas, Canada, Carbon Taxes, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including developments in the Pacific Northwest, Virginia, Pennsylvania, Connecticut, Hawaii, and Illinois.

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Massachusetts senate passes omnibus carbon pricing bill

Published 16:45 on January 31, 2020  /  Last updated at 01:39 on February 1, 2020  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Massachusetts state senators approved a wide-ranging climate policy package on Thursday night, including the option of a cap-and-trade programme to link with the regional Transportation and Climate Initiative (TCI).

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California offset investigation decision provides little closure on regulatory question

Published 15:53 on January 31, 2020  /  Last updated at 15:53 on January 31, 2020  /  Americas, Canada, US  /  No Comments

WCI market stakeholders remain unsure of whether regulator ARB can void California Carbon Offsets (CCOs) after their invalidation period expires based on the timing of a probe, with the most recent decision providing little clarity on the scenario.

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California invalidates nearly 19k WCI offsets for regulatory violations

Published 00:47 on January 31, 2020  /  Last updated at 15:30 on January 31, 2020  /  Americas, Canada, US  /  No Comments

California regulator ARB invalidated nearly 19,000 offsets issued for use in the state’s ETS on Thursday after determining a Michigan-based project was not in regulatory compliance during one of the two reporting periods under review.

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NA Markets: WCI allowances reverse losses on higher demand, while RGAs slide on mild weather

Published 22:48 on January 30, 2020  /  Last updated at 00:48 on January 31, 2020  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices rose this week as greater demand for permits countered recent losses, while RGGI Allowances (RGAs) dropped amid a second consecutive week of lacklustre activity.

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California mints 589k offsets in second issuance of 2020

Published 21:48 on January 29, 2020  /  Last updated at 01:08 on February 1, 2020  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California regulator ARB issued nearly 589,000 new California Carbon Offsets (CCOs) over the past two weeks across three WCI protocols, according to data published Wednesday.

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Trump administration argues against dropping WCI members in California ETS lawsuit

Published 17:58 on January 29, 2020  /  Last updated at 22:43 on February 4, 2020  /  Americas, Canada, US  /  No Comments

The US Department of Justice (DOJ) urged a federal court to keep WCI board members in a lawsuit challenging the California-Quebec ETS linkage, claiming those defendants were acting as representatives for the jurisdictions.

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COP26 seen as “last chance” to forge Paris carbon trading rulebook

Published 23:04 on January 28, 2020  /  Last updated at 21:14 on January 31, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, 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 2020 COP26 UN climate summit in Glasgow will be the final opportunity for countries to agree to the rulebook for the Paris Agreement’s market-based Article 6, but countries will still press on with carbon market deals over the next decade if negotiations come up short for a third straight year, experts said Tuesday.

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New York would see few environmental benefits from cross border hydro line -report

Published 19:10 on January 28, 2020  /  Last updated at 10:26 on January 30, 2020  /  Americas, Canada, US  /  No Comments

A proposed 1,000MW transmission line to bring Quebec hydroelectric power to New York would increase electricity costs and fail to stimulate carbon abatement, according to a utility-funded report that was dismissed as inaccurate by a project backer.

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