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California offset invalidation from Wisconsin livestock project could affect subsequent reporting period

Published 00:39 on September 10, 2020  /  Last updated at 00:39 on September 10, 2020  /  Americas, Canada, US  /  No Comments

Additional offsets from a Wisconsin-based dairy digester may be impacted by California state regulator ARB’s decision last week to void nearly 5,000 credits for regulatory non-compliance, market sources said.

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California doles out 2.1 mln offsets to primarily non-DEBs projects

Published 22:17 on September 9, 2020  /  Last updated at 15:15 on September 11, 2020  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California regulator ARB issued more than 2 million new offsets this week, with the bulk not providing direct environmental benefits to the state (DEBs), according to state data published Wednesday.

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California carbon prices see little movement despite heatwave and higher power consumption

Published 23:06 on September 8, 2020  /  Last updated at 21:57 on September 9, 2020  /  Americas, Canada, US  /  No Comments

Record-setting California temperatures increased the deployment of CO2-emitting electricity generation through the first week of September, though the recent heatwave has yielded few impacts on California Carbon Allowance (CCA) prices.

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Financials boost CCA holdings for second straight week as compliance trims length

Published 21:35 on September 4, 2020  /  Last updated at 21:35 on September 4, 2020  /  Americas, Canada, US  /  No Comments

Speculators bolstered their California Carbon Allowance (CCA) positions for the second consecutive week, as compliance entities trimmed their holdings by more than 1 mln for the first time since June, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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NA Markets: California allowances climb toward 2021 floor, RGGI prices drop before Q3 sale

Published 22:36 on September 3, 2020  /  Last updated at 22:36 on September 3, 2020  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices rose toward the expected 2021 floor price this week amid increased buying as RGGI Allowance (RGA) dipped before the Northeast ETS’ Q3 auction.

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British Columbia defers CO2 tax increase until April 2021

Published 23:19 on September 2, 2020  /  Last updated at 00:07 on September 3, 2020  /  Americas, Canada, Carbon Taxes  /  No Comments

British Columbia will push back the scheduled increase of its C$40/tonne carbon levy by another six months in order to assist COVID-19 economic recovery efforts, the provincial government announced Wednesday.

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California hydroelectric power displaces carbon-emitting sources in 2019 -data

Published 17:32 on September 2, 2020  /  Last updated at 17:32 on September 2, 2020  /  Americas, Canada, US  /  No Comments

In-state hydroelectric power displaced California natural gas generation throughout 2019 and reduced imports, likely leading to significant cuts to the electricity sector’s cap-and-trade obligations, according to data released this week.

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California invalidates credits from third offset project for regulatory compliance issues

Published 21:08 on September 1, 2020  /  Last updated at 22:50 on September 1, 2020  /  Americas, Canada, US  /  No Comments

California regulator ARB voided nearly a third of the offsets from a Wisconsin-based livestock project under review on Tuesday after concluding the dairy digester was not in regulatory compliance.

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ANALYSIS: Canadian large emitters unlikely to use Alberta offsets for 2019 OBPS compliance

Published 23:14 on August 31, 2020  /  Last updated at 23:25 on September 1, 2020  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Companies may not utilise Alberta offsets for 2019 obligations under Ottawa’s ‘backstop’ output-based pricing regulation (OBPS) because of a lack of available credits, quick turnaround to surrender units ahead of the inaugural compliance deadline, and differing CO2 pricing levels, traders and analysts said.

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Global trading firm registers for RGGI after operating in California-Quebec ETS

Published 17:44 on August 31, 2020  /  Last updated at 22:37 on August 31, 2020  /  Americas, Bavardage, Canada, US  /  No Comments

A global trading firm opened a RGGI CO2 Allowance Tracking System (COATS) account this week, representing the 10th new speculator and latest financial entity to transition into the Northeast US power sector carbon market after participating in WCI cap-and-trade programme.

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