NYISO carbon charge would result in few cost increases through 2030, study finds
The New York grid operator’s plan to implement a carbon charge on the state’s wholesale power market would have only a minimal impact on energy prices and customer costs, according to a study by consultancy The Brattle Group.
Read MoreUS moves to throttle methane regulations on public lands
The US Department of Interior’s Bureau of Land Management (BLM) on Tuesday finalised a rule to roll back Obama-era standards on capturing methane emissions from drilling on public lands, the second time in as many weeks that the Trump administration has moved to ease regulations on the potent GHGs.
Read MoreMexico announces 2022 start to its emissions trading scheme
Mexico plans to roll out an emissions trading system (ETS) by 2022, one year later than the country’s most recent thinking and after it will complete a three-year pilot programme starting next year, its environment ministry said in a statement.
Read MoreWCI auction to include additional past vintage supply from little-used regulatory rules
Additional past vintage carbon allowances arising from regulatory provisions will also be included in the upcoming Western Climate Initiative (WCI) auction, California officials told Carbon Pulse.
Read MoreCalifornia court prepares to discontinue merits hearing, issue stay in lawsuit against San Diego offset plan
A California Superior Court is planning to end a merit hearing and issue a stay to environmental groups who have opposed a San Diego county proposal that would allow out-of-state and international offsets to compensate for new housing developments.
Read MoreFourth WCI auction of 2018 to offer over 88 mln permits
California and Quebec will auction more than 88 million allowances on Nov. 14, with 78 mln current vintage allowances that for the first time include some unsold vintage 2017 allowances, the regulators said Friday.
Read MoreUS court dismisses challenge to Illinois zero emissions credit programme
A federal US court has thrown out a lawsuit against Illinois’ zero emissions credit (ZEC) regulation to subsidise nuclear energy, deciding that the mid-western state’s programme does not run up against federal authority nor does it discriminate against out-of-state competition.
Read MoreGCAS: Advocates building case for land-based offset protocols in California carbon market
Offset advocates are working to create pilot cases for wetland and grassland conservation offset protocols that could show California’s Air Resources Board their potential in the state’s cap-and-trade market.
Read MoreNA Markets: RGGI rises after auction results while California levels off
RGGI carbon prices continued to increase after last week’s auction cleared above market participants’ expectations, while a months-long bull run in the WCI market appeared to peter out.
Read MoreGCAS: California, EU to collaborate on markets, look for alignments
California and EU officials will increase collaboration to improve their existing carbon markets, while also examining potential avenues for aligning policies between the programmes, the parties announced at the Global Climate Action Summit (GCAS) in San Francisco on Thursday.
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