World Bank REDD programme adopts changes to align with CORSIA
The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.
Read MoreLCFS Market: California prices break above $210
California Low Carbon Fuel Standard (LCFS) credits surged to new all-time records on Thursday, pressing up against the clean fuels programme’s pending ceiling price.
Read MorePJM carbon price could ease state fears after FERC order -experts
US states in the PJM grid region could benefit from a carbon tax after a Federal Energy Regulatory Commission (FERC) order last month threatened clean energy and environmental goals, but the support for that CO2 regulatory policy is uncertain, experts said Wednesday.
Read MoreWorld’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 MoreNew York’s timeline on revised RGGI regulation remains uncertain
New York will release a draft RGGI regulation shortly to implement the Northeast US carbon market’s post-2020 programme changes, but there is no timeline for the completion of that process, state and regulatory sources told Carbon Pulse.
Read MoreKey Oregon Democrat wants ETS proposal passed, but stays mum on current bill
A Democratic Oregon state senator who opposed her party’s WCI-modelled cap-and-trade proposal last year is open to supporting a carbon reduction bill during the state’s short 2020 lawmaking term, but has stopped short of backing her colleague’s revised legislation.
Read MorePennsylvania Republicans warn RGGI against linkage with state
Pennsylvania joining the US Northeast RGGI ETS via executive order would prompt a legal challenge and create prolonged regulatory uncertainty for the scheme, a state Republican warned the programme’s top official.
Read MoreRGGI compliance buying rose amid higher prices last week, data shows
Increased buying of RGGI allowances (RGA) by compliance entities led to higher prices on the secondary market last week, according to Commodity Futures Trading Commission (CFTC) data.
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 More