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Washington carbon tax clears second Senate subcommittee, but economic concerns loom

Published 16:11 on February 23, 2018  /  Last updated at 16:11 on February 23, 2018  /  Americas, Carbon Taxes, US  /  No Comments

The newest version of Washington state’s proposed carbon tax was approved by another Senate body late Thursday, but concerns over the regressive nature of the tax cloud the future of a full floor vote.

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RGA volumes fall in Q4 2017 as compliance entities increase shares -report

Published 23:31 on February 22, 2018  /  Last updated at 23:55 on February 22, 2018  /  Americas, US  /  No Comments

Trading volumes in RGGI allowances dropped in Q4 2017 as compliance-oriented entities scooped up a greater portion, according to a report by market monitor Potomac Economics.

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NA Markets: California prices drop to 8-mth low as liquidity drains ahead of auction result

Published 22:26 on February 22, 2018  /  Last updated at 22:26 on February 22, 2018  /  Americas, Canada, US  /  No Comments

California carbon prices fell to an eight-month low this week as traders grew anxious over whether the WCI market could absorb its biggest auction yet, with activity grinding almost to a halt ahead of next week’s result.

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Quebec’s amended Environment Quality Act scheduled to take effect

Published 21:57 on February 22, 2018  /  Last updated at 22:20 on February 22, 2018  /  Americas, Canada, US  /  No Comments

Quebec is making several minor rule changes to its cap-and-trade scheme as the province gets ready to put amendments to its Environment Quality Act into force a month from now.

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California’s LCFS rulemaking proposal calls for greater GHG cuts

Published 23:16 on February 21, 2018  /  Last updated at 23:16 on February 21, 2018  /  Americas, Canada, US  /  No Comments

California officials released unofficial rulemaking documents to the Low Carbon Fuel Standard (LCFS) late on Tuesday, featuring more ambitious emissions reductions targets than previously discussed.

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BRIEFING: Understanding California’s Low Carbon Fuel Standard (LCFS)

Published 23:12 on February 21, 2018  /  Last updated at 00:12 on February 22, 2018  /  Americas, US  /  No Comments

A concise guide to the programme, detailing principle targets and scope, progress and latest developments.

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Analysts expect WCI price lift-off regardless of result of bumper auction

Published 21:00 on February 21, 2018  /  Last updated at 00:10 on February 22, 2018  /  Americas, Canada, US  /  No Comments

WCI allowances are likely to lift from the market’s auction reserve price in the coming months but could surge more steeply if Wednesday’s record-breaking auction fails to sell out, according to analysts at ClearBlue Markets.

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Latest Oregon ‘cap-and-invest’ amendment would buy legislators over a year to hammer out programme design

Published 22:27 on February 20, 2018  /  Last updated at 22:22 on February 22, 2018  /  Americas, Canada, US  /  No Comments

A new proposed amendment to Oregon’s ‘cap-and-invest’ proposal would temporarily strike the section of the bill governing programme design while keeping the more stringent GHG cap, a move that one key legislator told Carbon Pulse could be vital in ensuring that the legislation passes during the 2018 term.

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CO2 pricing could be back on for Ontario as former PC leader Brown eyes comeback

Published 23:18 on February 19, 2018  /  Last updated at 09:30 on February 21, 2018  /  Americas, Canada, US  /  No Comments

Former Ontario PC leader Patrick Brown has decided to re-enter his party’s leadership race, after stepping down last month following sexual misconduct allegations.

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New Jersey Assembly follows Senate committee, passes own bill to re-join RGGI

Published 23:00 on February 16, 2018  /  Last updated at 23:00 on February 16, 2018  /  Americas, US  /  No Comments

New Jersey’ Assembly on Friday approved a bill that would require the state to re-enter RGGI, following in the footsteps of similar legislation passed in a Senate committee last week.

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