Washington Clean Air Rule decision could be catalyst for ETS plans -advocates
An upcoming court decision on Washington state’s blocked Clean Air Rule could spark further debate on progressing a WCI-modelled cap-and-trade bill in the legislature next year, stakeholders said.
Read MoreCalifornia ETS advisor to seek ARB input on updated allowance tracking proposal
California’s Independent Emissions Market Advisory Committee (IEMAC) will request feedback from regulator ARB before endorsing a possible metric for tracking the amount of surplus allowances in the state’s WCI-linked ETS, members said Thursday.
Read MoreNA Markets: RGGI rises ahead of Q3 auction, California allowances slide on higher spread activity
RGGI allowances (RGAs) rose by double digits this week ahead of the September auction results, as California Carbon Allowance (CCA) prices dipped on the secondary market amid increased spread trading.
Read MoreCARBON FORWARD 2019 – Where next for EU carbon prices?
**THIS IS A FREE ARTICLE** – Hear the views and pick the brains of five of the market’s top analysts at the 4th annual Carbon Forward conference and training day in London on Oct. 16-18.
Read MoreCalifornia Tropical Forest Standard leaves stakeholders divided despite revisions
Alterations to California’s Tropical Forest Standard (TFS) this summer did little to change supporters’ and opponents’ views of the possible precursor to jurisdictional REDD offsetting in domestic and international carbon markets, according to public comments released late last week.
Read MoreANALYSIS: Traders see oddity in WCI advance auction result as demand wanes
The Q3 WCI advance auction settlement has surprised market participants, who had anticipated the Vintage 2022 sale to clear closer to the current vintage auction price with stronger bids.
Read MoreFEATURE: Countries set to spurn UN chief’s calls for more climate ambition
World leaders are unlikely to heed the UN secretary-general’s calls for countries to ramp up their Paris Agreement ambition next month, as domestic concerns and indifference from the US administration and other global heavyweights outweigh increasingly alarming evidence of a climate emergency.
Read MoreNA Markets: California prices decline after Q3 auction, RGGI inches up
California Carbon Allowance (CCA) prices declined this week following the publication of the August WCI auction results, while RGGI allowance (RGAs) found additional support on thin volume ahead of the programme’s quarterly sale next week.
Read MoreCalifornia fuel consumption continues to drop on falling diesel
California fuel consumption fell in May for the fourth consecutive month as diesel sales continue to deviate from 2018 levels, likely leading to lower annual compliance obligations in the WCI cap-and-trade scheme.
Read MoreClimate Action Reserve salvaging Ontario grassland protocol with voluntary Canadian initiative
Offset registry Climate Action Reserve (CAR) is aiming to finalise its voluntary Canadian grassland offset protocol this fall after the Ontario government cancelled the entity’s WCI contract earlier this year, and the methodology could still be used in federal or provincial-run compliance markets.
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