The average allowance price for carbon dioxide emissions increased in four of the world’s five largest carbon emissions trading platforms between Jan. 2021 and Jan. 2022, according to a Dec. 13 report from the U.S. Energy Information Administration. Emission trading systems are used by governments to regulate carbon dioxide emissions. The four trading systems that…...
The thirty-third quarterly carbon auction held by California and Quebec sold more than 58.02 million carbon permits offered for current emissions at a price of $26.8 per allowance, above the floor price of $19.70, according to the results released on Nov. 23 by the California Air Resources Board. The settlement price is nearly 0.7 percent…...
Discussions about carbon pricing continue to evolve as the strategy is increasingly viewed as a policy tool that can play an expanded role in a broader policy mix to meet ambitious climate goals.
The Washington Department of Ecology has finalized regulations to implement the state’s cap-and-invest program, according to a Sept. 29 press release. The initiative is the mainstay of the state’s plan to drastically cut carbon emissions towards achieving carbon neutrality by 2050. The program aims to deal with the root cause of global warming by reducing…...
The thirty-second quarterly carbon auction held by California and Quebec sold all of the about 57 million carbon permits offered for current emissions at a price of $27 per allowance, above the floor price of $19.70, according to the results released on Aug. 24 by the California Air Resources Board. The settlement price dropped by…...
The U.S. Supreme Court on June 30 restricted the Environmental Protection Agency’s authority to regulate power plant emissions under the Clean Air Act. The 6-3 decision in favour of coal interests in West Virginia v. EPA, is expected to negatively impact the Biden administration’s wider attempts to combat climate change. The court invoked the “major…