California dispenses 1.5-yr low in compliance offsets, though CCO-0s jump
California divvied out the fewest number of compliance offsets this week since spring 2020, although the number of California Carbon Offsets (CCOs) that lost their invalidation period swelled for the second consecutive issuance, according to data from state regulator ARB published Wednesday.
Read MoreUPDATE – Washington state carbon market will not be linked from outset -govt official
Washington’s WCI-modelled cap-and-trade system will not have any linkages when it commences from 2023, and it is uncertain when or even if the jurisdiction will ever join another programme, a state government official said this week.
Read MoreCOP26: ‘Game-changing’ China-US declaration promises work on near-term GHG curbs
China and the US pledged stronger cooperation to curb CO2 and methane emissions in the 2020s in a joint statement late on Wednesday, a move some experts said drastically boosted the chances of a good COP26 deal in Glasgow and more climate ambition within the next few years.
Read MoreCCAs notch new record as decades-high US inflation reading to mean higher 2022 WCI floor
The 2022 auction reserve price for the WCI cap-and-trade programme will come in above previous expectations after October inflation surged to the highest level in more than three decades, though traders said a new all-time high in California Carbon Allowances (CCAs) above $33 on Wednesday was not related to the data release.
Read MoreCOP26: Roundup for Day 9 – Nov. 10
Midway through the second week of COP26, and much is still left to be done. We follow the latest developments here and update continually throughout the day.
Read MoreSilicon Valley-backed corporate carbon offset ‘robo-advisor’ raises $3 mln in seed round
A Silicon Valley-backed ‘robo-advisor’ for high-quality offsets has raised $3 million in a fund raise to help scale its procurement platform for corporates seeking to neutralise their carbon footprint.
Read MoreEvolution Environmental Asset Management welcomes green investment, offset experts into the fold
Evolution Environmental Asset Management (EEAM) on Tuesday announced the appointment of an advisory board made up of green investment experts, while also naming a carbon offset veteran to its team of founding partners.
Read More$100/tonne CO2 tax would have minor impacts in most OECD countries -study
A sudden global $100/tonne carbon tax would lower GDP by only 1-2% in most middle-to-high-income nations, but the effects would be more pronounced in carbon-intensive emerging economies such as Russia, South Africa, and India, according to new research.
Read MoreCOP26: Democratic Congressional delegates tout US climate leadership amid domestic headwinds
A collection of Democratic lawmakers, led by House Speaker Nancy Pelosi, arrived at the COP26 talks on Tuesday to rekindle trust in US climate leadership, but a bleak legislative and policy landscape at home and poor track record in global cooperation are raising doubts.
Read MoreCOP26: WCI jurisdictions to explore possible carbon market alignment with New Zealand
California, Quebec, and New Zealand on Tuesday signed a declaration promising closer collaboration on climate policy, with the WCI jurisdictions looking into greater alignment with the Pacific Island nation on their respective cap-and-trade programmes.
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