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PG&E bankruptcy exit seen as long-term bullish for CCA market – traders say

Published 22:18 on September 11, 2019  /  Last updated at 22:33 on September 11, 2019  /  Americas, Canada, US  /  No Comments

Market participants do not see any near-term implications from PG&E’s proposed restructuring plan, but the embattled utility could create bullish pressure for CCAs once it exits bankruptcy in mid-2020.

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California issues just shy of 1 mln new offsets as CCO-3 issuance slows

Published 21:18 on September 11, 2019  /  Last updated at 21:37 on September 11, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California has awarded nearly 1 million new offset credits across two protocols in its latest issuance round, while the regulator minted fewer credits with reduced invalidation risk, according to data released Wednesday.

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China, Russia blast “unfair” CORSIA, as EU’s resolve tested on aviation ETS

Published 23:02 on September 10, 2019  /  Last updated at 23:29 on September 10, 2019  /  Africa, Americas, Asia Pacific, Aviation, China, China's National ETS, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

China and Russia have blasted the ICAO’s CORSIA aviation offsetting mechanism as unfairly burdening emerging economies, setting up a testing triennial Assembly of the UN aviation body that also threatens the EU’s inclusion of flights in its carbon market.

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Oregon lawmakers target ETS tweaks by Thanksgiving, working with Washington

Published 18:21 on September 10, 2019  /  Last updated at 18:21 on September 10, 2019  /  Americas, Canada, US  /  No Comments

Oregon Democrats intend to finalise revisions to their WCI-modelled ETS proposal for the 2020 legislative session by Thanksgiving (Nov. 28), while also engaging with Washington lawmakers who are hoping to enact their own cap-and-trade scheme.

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Latest

PG&E bankruptcy proposal includes $18 billion for wildfire claims

Published 01:44 on September 10, 2019  /  Last updated at 02:06 on September 10, 2019  /  Americas, Canada, US  /  No Comments

California utility Pacific Gas & Electric (PG&E) plans to set aside nearly $18 billion to settle wildfire claims from residents and government entities as it seeks to exit bankruptcy by June 2020, according to a plan filed late Monday.

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California Tropical Forest Standard sets high environmental bar, incentivises communities -experts

Published 23:39 on September 9, 2019  /  Last updated at 23:40 on September 9, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

International communities could struggle to meet the criteria set by California’s proposed Tropical Forest Standard (TFS), but the adoption of the policy may incentivise them to begin addressing deforestation, according to experts.

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Low Q3 auction settlement, market price spurred RGGI compliance buying

Published 20:32 on September 9, 2019  /  Last updated at 23:04 on September 9, 2019  /  Americas, US  /  No Comments

RGGI compliance entities significantly increased their holdings on the secondary market prior to the September auction, while they also added length at the quarterly sale amid expectations prices will rise in the future, traders said.

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Q3 RGGI auction settles below secondary market, with compliance buying the bulk

Published 15:55 on September 6, 2019  /  Last updated at 00:42 on September 7, 2019  /  Americas, US  /  No Comments

RGGI’s September auction cleared at a discount to the secondary market for the second straight time, as compliance entities purchased more than half of the units on offer, according to results published Friday.

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Washington Clean Air Rule decision could be catalyst for ETS plans -advocates

Published 23:24 on September 5, 2019  /  Last updated at 23:24 on September 5, 2019  /  Americas, Canada, US  /  No Comments

An upcoming court decision on Washington state’s blocked Clean Air Rule could spark further debate on progressing a WCI-modelled cap-and-trade bill in the legislature next year, stakeholders said.

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California ETS advisor to seek ARB input on updated allowance tracking proposal

Published 22:47 on September 5, 2019  /  Last updated at 22:47 on September 5, 2019  /  Americas, Canada, US  /  No Comments

California’s Independent Emissions Market Advisory Committee (IEMAC) will request feedback from regulator ARB before endorsing a possible metric for tracking the amount of surplus allowances in the state’s WCI-linked ETS, members said Thursday.

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