World’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreEU chief warns on CO2 border measures, praises California, China
European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.
Read MoreAlberta offset prices rise ahead of compliance deadline, though future increases uncertain
Alberta offset prices are increasing as companies look to cover their obligations under the Canadian province’s outgoing large emitter programme, though future negotiations with the federal government over the new scheme’s CO2 price are clouding the outlook beyond the spring true-up deadline.
Read MoreUS Carbon Pricing Roundup for week ending Jan. 17, 2020
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 Massachusetts, Maryland, and Washington state.
Read MoreEU’s Energy Community neighbours progress carbon pricing plans
The EU’s southeastern neighbours have appointed a Greek consultancy to help them design a carbon pricing mechanism to help decarbonise their power sectors.
Read MoreChile introduces offset provision in updated draft climate change law
Chilean emitters may use offset credits to comply with potential GHG limits under part of the country’s updated draft climate change law, as the beleaguered national government resumes work to hit more ambitious emission reduction targets.
Read MoreIreland announces domestic €26/t offset scheme for government air travel
Ireland on Sunday unveiled a new programme to offset the emissions from government air travel, with public sector departments required to pay €26 for every tonne of CO2 towards domestic mitigation efforts.
Read MoreNew Austrian coalition govt unveils climate plans, CO2 price for non-ETS sectors
Austria’s new coalition government on Thursday unveiled a wide-ranging policy package that includes a domestic carbon price for non-EU ETS sectors and a higher climate levy for aviation, as the country strives for net zero emissions by 2040.
Read MoreDutch Supreme Court rules to force govt to adopt higher emissions cut target
The Dutch Supreme Court on Friday ruled to order the country’s government to set deeper emissions reduction targets, in a ground-breaking decision that could help establish a global precedent in forcing states to act to prevent climate change.
Read MoreOttawa approves New Brunswick CO2 levy proposal for spring 2020
The Canadian federal government on Wednesday gave the green light for New Brunswick’s proposed carbon tax on fossil fuels beginning in April, a move that will allow the province to avoid coverage under Ottawa’s ‘backstop’ CO2 levy.
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