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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 14 min ago
CP Daily: Friday July 13, 2018
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
New offset limits could raise annual post-2020 California carbon costs by $50 mln -report
Restricting the use of carbon offsets in the post-2020 California carbon market may contribute to emitters' annual compliance costs rising by more than $50 million, according to a preliminary analysis from state regulator ARB.
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CN Markets: Pilot market data for week ending July 13, 2018
Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.
Categories: Around The Web
Massachusetts House passes clean energy bill with lower RPS, no carbon pricing
The Massachusetts House of Representatives passed a weaker Renewable Portfolio Standard (RPS) increase on Thursday than a previous version approved by the Senate in June, while the upper chamber’s omnibus clean energy bill with carbon pricing did not come to a vote.
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EU Market: EUAs shrug off weak auction for 2.3% weekly rise
EU carbon prices were little changed in quiet trade on Friday, ending just above €16 following one of the weakest auction results of the year but managing to hold onto a modest weekly gain.
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France, Germany to further joint carbon pricing work this year after advancing energy ties
France and Germany this week agreed to build a common position on carbon pricing ahead of December’s UN climate talks while advancing work on closer energy ties.
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New Hampshire refuses rehearing on cross-border hydroelectric line, operator to challenge
US-based electric utility Eversource will “pursue all available options” to build its international hydroelectric transmission line after a New Hampshire state committee on Thursday denied the company a rehearing on the project.
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Australia’s national park authority earns first carbon credits
Australia’s Clean Energy Regulator this week issued over 77,000 offsets to the Director of National Parks, the first time the agency has earned credits for its efforts to control savanna fires.
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NZ Market: NZU bull run continues as permits hit NZ$22 for first time
The price rise in New Zealand’s carbon market continued Friday as allowances hit the NZ$22 mark for the first time in the market’s 10-year history.
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Hong Kong to launch carbon crediting scheme for building sector
Hong Kong is planning to launch a carbon crediting scheme for its building sector that could generate 2.5 million credits a year and is developing a blockchain-based trading platform to create a domestic market, according to government officials.
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Climate Change Solicitor, EDO NSW – Sydney
EDO NSW is a community legal centre specialising in public interest environmental law and policy. Our mission is to help the community protect the environment through the law. We have a fantastic maternity leave-backfill opportunity in our Litigation Team to use your legal skills to develop and support our climate change litigation.
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CP Daily: Thursday July 12, 2018
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
NA Markets: California shrugs off data on Ontario permits as RGGI slows
US carbon prices moved in opposite directions this week, but the change in values and volumes was minimal in both markets as new WCI data was published and the holiday season neared its peak.
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California LCFS Roundup: Prices extend record highs ahead of quarterly data release
Average credit prices in California’s Low Carbon Fuel Standard (LCFS) continued to set new highs in June, as market participants await more information on credit figures from Q1 2018 and regulator ARB’s rulemaking package.
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EU Market: After touching fresh high, EUAs dip below €16 to end 8-day rally
European carbon prices fell on Thursday, briefly dipping below €16 amid tumbling energy prices to end a 10% rally that had built up over eight straight days of gains.
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Brexit white paper sheds little new light on UK’s future role in EU ETS
A government white paper released Thursday that outlines the UK’s proposed post-Brexit relationship with the EU offered few further details on whether the country would seek to remain in the bloc’s carbon market, stacking up uncertainty as the format exit date approaches.
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Sixty NZ businesses to take climate action, cut emissions
Sixty New Zealand companies on Thursday vowed to measure and report their CO2 output and set GHG reduction targets in line with the Paris Agreement, a move that will impact half the nation’s emissions.
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CP Daily: Wednesday July 11, 2018
A daily summary of our news plus bite-sized updates from around the world.
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Canada’s Northwest Territories to implement C$20 carbon tax in July 2019
The Northwest Territories (NWT) will begin taxing carbon-based fuels in July 2019 at a rate in line with the federal government’s pan-Canadian framework, it announced Wednesday, with an accompanying rebate system designed to defray the costs for residents of the remote subarctic jurisdiction.
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Quebec issues first offsets for 2018 as compliance demand squeezes WCI market
Quebec's environment ministry granted almost 41,000 offsets this week to seven landfill gas projects in its first issuance since Sep. 2017, as traders said this fall’s approaching WCI compliance deadline is creating a supply crunch throughout the market.
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