US Carbon Pricing Roundup for week ending Apr. 18, 2019
A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including the approval of New York City’s climate bill featuring offsets and a possible carbon market, the launch of Hawaii’s first forest-based offset project, a planned hearing on a revised California offset bill, and movement on a proposal to increase Nevada’s Renewable Portfolio Standard (RPS).
Read MoreNordic firms unite to develop voluntary market for CO2 removals
Twenty-three mostly Nordic firms led by Finnish utility Fortum are developing a platform to create and sell GHG removal units on the voluntary carbon market, in an effort to stimulate CO2 removal applications derived from soil and from concrete and wood used in buildings.
Read MoreCORRECTION: Nations seek to shift gears on UN Article 6 carbon market talks
Governments are looking to change their approach on agreeing to a global rulebook for carbon markets in an effort to avoid a repeat failure that almost crashed the UN climate talks last year.
Read MoreCalifornia mints 646,000 new offsets as forestry issuances remain strong
California issued more than 646,000 California Carbon Offsets (CCOs) across six projects, and forestry projects made up a bulk of the new issuances, regulator data showed Wednesday.
Read MoreANALYSIS: Uptick in voluntary carbon market activity still awaiting post-2020 clarity
A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.
Read MoreShell to invest $300 mln in land projects to help meet its own GHG goal
Oil major Shell will spend $300 million over the next three years to help meet its self-imposed short-term emission target by offering drivers the chance to offset their carbon footprint.
Read MoreQueensland government funds projects to boost state offset market
The Queensland government has allocated A$1 million ($710,000) under its Land Restoration Fund to six pilot projects designed to help develop the Australian state’s carbon offset market.
Read MoreCampaigners urge governments boost funding to ‘overlooked’ landscape restoration
Governments are chronically underfunding the restoration of natural landscapes that can simultaneously tackle climate change and biodiversity loss, an international group of campaigners said Wednesday.
Read MoreCDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors
The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.
Read MoreFrance confirms launch of GO auction in September
France will begin auctioning green certificates in September, host platform EEX-owned Powernext said Tuesday in confirmation of supply that many observers expect to weigh on prices this year.
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