EU Commission chief nominee offers more climate ambition in bid for MEP votes
European Commission President nominee Ursula von der Leyen on Monday pledged to back a more ambitious 2030 EU emissions reductions target in a bid to secure the support of more MEPs ahead of her confirmation vote tomorrow.
Read MoreNew Brunswick offers weaker standards for output-based pricing system
The New Brunswick government proposed its own output-based pricing system (OBPS) for large emitters on Thursday, but the market’s less stringent facility-based industrial benchmarks and electricity standards could run afoul of the Canadian federal government’s ‘backstop’ mandate.
Read MoreNZ budget puts carbon auctioning on track, but offers nothing new on FPO
New Zealand on Thursday allocated funds to begin building an NZU auctioning platform through its 2019 budget, but did not offer any new information on the future level of the fixed price option, sending prices tumbling to 6-month lows.
Read MoreCOP24: Failed Article 6 text offers glimpse of Paris-era emission trade
Governments will in early 2020 revisit negotiations for rules covering international emissions trade, recycling much of last week’s failed Paris Agreement Article 6 text that gave wide scope for cross-border dealing.
Read MoreCOP24: Draft Article 6 text offers “bedrock” for international GHG trade, but investors uneasy
The basis for an international emissions trading system under the Paris Agreement’s Article 6 became clearer on late Thursday, though some worried that the requirements could prove onerous for investors.
Read MoreChina offers glimmer of hope for carbon offset developers
China’s climate officials are eager to include offsets in the national emissions trading scheme as a means to fund forestry and renewable energy projects, according to a senior official, offering a glimmer of hope for beleaguered developers.
Read MoreCalifornia lime maker offers to build new plant in exchange for cap-and-trade, carbon leakage assistance
A California company says it will construct a new lime manufacturing plant in the state if regulators protect the sector from carbon leakage and grant it the same assistance under California’s cap-and-trade scheme as afforded to a related industry.
Read MoreIn an advance on offsetting, Swiss firm offers CO2 removal credits to voluntary market
A Swiss company is offering CO2 removal credits to the voluntary carbon market in an effort to boost funding and expand its carbon capture technology.
Read MoreEU exchange EEX offers traders help with reporting obligations
Emissions exchange EEX is offering traders using its platform help with their Market Abuse Regulation (MAR) reporting obligations, which kick in for EUAs for the first time in the new year.
Read MoreWith Hollywood backing, US NGO offers up 2 million Kenyan REDD credits
Kenya’s locally-managed Chyulu Hills forest protection project is to offer 2 million REDD credits to individual and corporate voluntary buyers in a marketing drive from US NGO Conservation International.
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