Canada accepts weaker Ontario and New Brunswick large emitter programmes to replace federal OBPS

"The Canadian government approved Ontario and New Brunswick’s output-based pricing systems (OBPS) under the federal carbon pricing framework on Monday, despite Ottawa’s own admission that both programmes in the conservative-led jurisdictions will achieve fewer GHG reductions than the national ‘backstop’ mechanism. ... "Toronto-based analysts ClearBlue Markets noted the MECP previously said it would propose amendments to the EPS to allow regulated entities to transition from the federal OBPS to the provincial programme. "'Additionally, the MECP may expand the scope of the EPS programme to include additional sectors like public institutions such as hospitals and universities,' ClearBlue said i

ClearBlue Team Providing Industry Expertise at McMaster University

ClearBlue Markets' Senior Policy Analyst will be providing insight into the world of carbon mitigation at McMaster University. From McMaster: Program for Carbon Mitigation 2020 "Climate change strategies are an integral part of every organization and as professionals addressing the changing landscape of regulatory frameworks, stakeholder pressures, and economic drivers. This course will highlight the legislation landscape, provide practical case studies of successful transitions and technological examples, help you identify carbon mitigation practices that would fit your organization, and practical carbon mitigation prioritization tools that can be applied at different levels of organization

EU Market: EUAs fall 3.2% to below €28 as full-sized auctions return

"EUAs slipped below €28 as full-sized auctions resumed on Tuesday, with prices retreating further from Monday’s stint above €30 in defiance of mostly bullish expectations and a more positive macro economic outlook... ...Fellow analysts at consultancy ClearBlue Markets were also bullish due to the tighter nuclear output, as well as trader expectations that EU lawmakers would this autumn target the higher end of their 50-55% ambition range for ramping up the bloc’s 2030 emission target that underpins the ETS cap." Click here to read the full Carbon Pulse article. Contact us directly for our industry leading EU ETS Market Analysis.

Ottawa approves Alberta and BC programmes to supply offsets under large emitter regulation

"The Canadian government on Tuesday recognised Alberta and British Columbia’s offset programmes to source carbon credits under the federal ‘backstop’ output-based pricing system (OPBS), though not all protocols from the provincial systems were immediately approved. "Toronto-based analysts ClearBlue Markets estimated that the Canadian OBPS would be under-supplied by 7.33 million tonnes of CO2e in 2019 – a figure well above the current recognised unit supply from the provincial protocols." Like here to read the full article. Contact us directly for if you are interested in learning more about our OBPS SnD models.

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