Nova Scotia exploring offset potential in province’s carbon market
The Nova Scotia government has issued a request for proposals (RFP) to assess the potential for incorporating compliance-based offsets in the Canadian province’s new emissions trading scheme.
Read MoreStakeholders brace for fierce debate on California’s Tropical Forest Standard
Critics and supporters of California’s Tropical Forest Standard (TFS) are anticipating a contentious meeting on Thursday to decide the fate of the possible precursor to jurisdictional REDD offsetting, with some believing state regulator ARB will approve the proposal after its year-long review.
Read MoreCalifornia’s ARB still seeking EJ, labour representatives for offset task force
California regulator ARB opened a second solicitation for its Compliance Offsets Protocol Task Force (OPTF) on Friday, as the agency is seeking additional applicants from the environmental justice and labour communities.
Read MoreWCI 2020 floor price estimate edges down on lower inflation figure
The US Bureau of Labor Statistics reported Thursday that year-on-year inflation skewed lower in August, setting up a potential 2020 WCI carbon floor price of $16.67.
Read MoreNA Markets: CCAs hit 5-month low as RGGI stagnates following auction
California Carbon Allowance (CCA) prices hit a five-month low amid increased spread trading, as RGGI allowance (RGA) flatlined on the secondary market following the Q3 auction.
Read MorePG&E bankruptcy exit seen as long-term bullish for CCA market – traders say
Market participants do not see any near-term implications from PG&E’s proposed restructuring plan, but the embattled utility could create bullish pressure for CCAs once it exits bankruptcy in mid-2020.
Read MoreCalifornia issues just shy of 1 mln new offsets as CCO-3 issuance slows
California has awarded nearly 1 million new offset credits across two protocols in its latest issuance round, while the regulator minted fewer credits with reduced invalidation risk, according to data released Wednesday.
Read MoreOregon lawmakers target ETS tweaks by Thanksgiving, working with Washington
Oregon Democrats intend to finalise revisions to their WCI-modelled ETS proposal for the 2020 legislative session by Thanksgiving (Nov. 28), while also engaging with Washington lawmakers who are hoping to enact their own cap-and-trade scheme.
Read MorePG&E bankruptcy proposal includes $18 billion for wildfire claims
California utility Pacific Gas & Electric (PG&E) plans to set aside nearly $18 billion to settle wildfire claims from residents and government entities as it seeks to exit bankruptcy by June 2020, according to a plan filed late Monday.
Read MoreCalifornia Tropical Forest Standard sets high environmental bar, incentivises communities -experts
International communities could struggle to meet the criteria set by California’s proposed Tropical Forest Standard (TFS), but the adoption of the policy may incentivise them to begin addressing deforestation, according to experts.
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