October - 2019

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Trudeau takes office as Trump takes California-Quebec climate deal to court

Trudeau takes office as Trump takes California-Quebec climate deal to court

‘Uncharted territory’ The Trump administration has been in battle with California over its right to take actions to cut carbon pollution, announcing it would revoke California’s authority, enshrined in federal law for nearly half a century, to set air-pollution standards that are stricter than the country’s. The administration also threatened to pull billions of dollars in federal highway funding from California because of the state’s chronic air-pollution problems. In the Oc

Canadian large emitter programme may experience offset supply dearth for 2019 -analysts

Canadian large emitter programme may experience offset supply dearth for 2019 -analysts

Canada’s ‘backstop’ output-based pricing system (OBPS) may not have an adequate supply of offsets available before next year’s inaugural compliance deadline, stemming from the slow rollout of federal and provincial protocols, a conference heard Tuesday. “We’ve been working on this supply and demand analysis to show the federal government that … you’ve put this federal programme in place with offsets as a possibility, but you’ve created no supply,” said Michael Berends, managi

FEATURE: Canadian carbon markets, climate policy hinging on next week’s election

FEATURE: Canadian carbon markets, climate policy hinging on next week’s election

An erosion of Canadian voter support for the incumbent Liberals and poll-leading opposition Conservatives may open a range of minority government possibilities ahead of the national election on Monday, the outcome of which will have a significant impact on the country’s federal and provincial climate policies and environmental markets. Emboldened by government data showing that Canada is warming twice as fast as the rest of the planet, along with the rise of youth-led climate

Analysts cut carbon price forecasts as Brexit clouds market: Reuters poll

Analysts cut carbon price forecasts as Brexit clouds market: Reuters poll

Analysts have lowered forecasts for the price of European Union carbon permits in the fourth quarter as the threat of a no-deal Brexit hangs over the market. EU Allowances (EUAs) are expected to average 26.13 euros/tonne in Q4 2019, according to a survey of eight analysts polled by Reuters, a 3.4% drop compared with figures given in July. But further out, forecasts for 2020 and 2021, at 34.50 euros a tonne and 36.79 euros a tonne were 0.4% percent and 6.9% percent higher, res

IETA Insights: Two Countries, Two Approaches to Carbon Pricing

IETA Insights: Two Countries, Two Approaches to Carbon Pricing

In the era of the Paris Agreement, every participating country will be taking action to cut emissions in a way which best suits its economy. For some, like Mexico, this action will be a continuation of things which were already in motion in 2015, while for others such as Canada, it will be new ideas and approaches developed ina the past few years. Below are two profiles of how the national governments of these two North American nations are approaching carbon pricing as they