Higher CO2 price should be focus of California allowance oversupply talks -experts
California should worry less about hitting the state’s long-term GHG goal and focus on raising carbon allowance prices to stimulate innovation and allay concerns about the oversupply of CO2 permits in its ETS, economists said at public hearing Friday.
Read MoreCalifornia utility PG&E to present reorganisation plan by Sep. 9
Embattled California utility Pacific Gas & Electric (PG&E) will submit its reorganisation plan three weeks ahead of a late September deadline, according to a recent filing, as the company attempts to prevent a bankruptcy court from considering competing proposals from its creditors.
Read MoreNA Markets: WCI rises ahead of next week’s auction, while RGGI hits 11-mth low
California Carbon Allowance (CCA) prices rose this week ahead of the WCI cap-and-trade programme’s quarterly sale, while RGGI allowances (RGAs) exacerbated their ongoing skid.
Read MoreCalifornia senator urges ARB to oppose Tropical Forest Standard
California regulator ARB should not endorse its Tropical Forest Standard (TFS) next month because sector-based REDD offsets lack environmental and social integrity and fail to address the root causes of deforestation, a state senator said, potentially opening a bicameral rift over the already divisive issue.
Read MoreCalifornia grants 3.1 mln offsets as CCO-0 supply swells
California regulator ARB dished out over 3.1 million California Carbon Offsets (CCOs) this week in the second largest issuance of 2019, as the number of credits without invalidation periods climbed by over 10%.
Read MoreWCI 2020 carbon floor price on track for $16.68 as inflation creeps up
The US Bureau of Labor Statistics reported Tuesday that year-over-year inflation edged higher in July, setting up a potential WCI carbon price floor of $16.68 next year.
Read MoreCARBON FORWARD 2019 – Stick or twist: investors came to the EU ETS, but will they go?
**THIS IS A FREE ARTICLE** – The 4th annual Carbon Forward conference & training day features a dedicated stream focused on the EU carbon market from an investor perspective.
Read MoreCalifornia’s PG&E outlines details on PPAs ahead of bankruptcy hearing
California utility Pacific Gas & Electric (PG&E) will account for all existing power purchase agreements (PPAs) in its reorganisation plan as it seeks to finalise a proposal by mid-2020, according to a pre-hearing filing.
Read MoreProvincial offset protocol list for Canadian OBPS could be delayed till fall, sources say
The Canadian government may push back releasing a list of provincial offset protocols eligible under the federal ‘backstop’ output-based pricing system (OBPS) due to delays with several jurisdictions, sources told Carbon Pulse.
Read MoreNA Markets: WCI steps down as RGGI hits five-month low
California Carbon Allowance (CCA) prices dropped on the secondary market this week ahead of the quarterly WCI auction, while RGGI allowances (RGAs) plumbed a five-month low as compliance entities took advantage of the price drop.
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