Ontario stakeholders point to large financial, environmental losses from ETS cancellation
Stakeholders have slammed Ontario’s decision to scrap its cap-and-trade programme, adding that the government’s plan unfairly penalises market participants while jeopardising the province’s climate goals.
Read MoreOntario’s revoked cap-and-trade programme will cost C$3 bln over four years, report finds
Ontario’s cancellation of its cap-and-trade programme will cost the Canadian province C$3 billion over the next four years, the government’s financial watchdog said in a report released Tuesday.
Read MoreNY grid to shift CO2 charge impact of external transactions to real-time dispatch
The New York Independent System Operator (NYISO) said Monday that it is no longer planning to internally forecast the impact of state’s proposed carbon charge on Locational-Based Marginal Pricing (LBMPc) in cross-border transactions, marking a change in the agency’s approach from this summer.
Read MoreRGGI could regulate power imports, experts say
RGGI could potentially regulate out-of-state power imports if the nine member states decide to reopen that discussion in the future, regulatory experts said.
Read MoreNew Hampshire’s top court to hear appeal on international hydro line ruling
The New Hampshire Supreme Court said Friday it will hear an appeal from US-based utility Eversource to construct its cross-border Northern Pass hydroelectric line after a state committee denied the project necessary permits earlier this year.
Read MoreOregon gubernatorial candidate confirms cap-and-trade opposition as election approaches
Oregon Republican state representative Knute Buehler said this week during a debate that he would oppose legislation to develop a carbon market if elected on Nov. 6 in the state’s tight gubernatorial race, the second major climate policy the candidate has come out against.
Read MoreWCI approves Ontario cap-and-trade exit, allowance tracking report
The administrator of the California-Quebec carbon market amended its by-laws on Thursday to account for Ontario’s summer departure from the programme, and approved in principle work to help account for cross-border compliance instrument transfers.
Read MoreNA Markets: RGGI prices keep on upward trend as CCAs stagnate
RGGI allowances continued to find support at higher prices this week due to heightened interest from speculators, while California allowances stagnated on the secondary market.
Read MoreCalifornia’s 2019 carbon floor price on track to rise to $15.60 as inflation dips
The US Bureau of Labor Statistics reported Thursday that year-over-year inflation dipped in September, setting up a potential California carbon market floor price of $15.60 next year.
Read MoreBluesource hires carbon market expert to drive business development
Project developer and advisory firm Bluesource has hired a carbon market and renewable energy expert to drive its voluntary offset business.
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