PG&E bankruptcy exit seen as long-term bullish for CCA market – traders say
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.
Read MoreCalifornia issues just shy of 1 mln new offsets as CCO-3 issuance slows
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.
Read MoreChina, Russia blast “unfair” CORSIA, as EU’s resolve tested on aviation ETS
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.
Read MoreOregon lawmakers target ETS tweaks by Thanksgiving, working with Washington
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.
Read MorePG&E bankruptcy proposal includes $18 billion for wildfire claims
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.
Read MoreCalifornia Tropical Forest Standard sets high environmental bar, incentivises communities -experts
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.
Read MoreLow Q3 auction settlement, market price spurred RGGI compliance buying
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.
Read MoreQ3 RGGI auction settles below secondary market, with compliance buying the bulk
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.
Read MoreWashington Clean Air Rule decision could be catalyst for ETS plans -advocates
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.
Read MoreCalifornia ETS advisor to seek ARB input on updated allowance tracking proposal
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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