Cap and Trade News

  • California to proceed with cap and trade

    The board of the California Air Resources Board took the final step towards implementing the second largest cap and trade system, in the seventh largest economy in the world with unanimous approval of the final draft of the plan. While the start date has been delayed by one year to 2013, this final stage in the implementation of Bill AB32 represents a major landmark in North American climate ...


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  • Financial impacts of ‘cap and trade’

    So-called 'cap and trade' legislation has often been portrayed as a regressive policy - one that would hit poor people the hardest. A new MIT study concluded that this is not the case. The U.S. House of Representatives passed a cap-and-trade bill last year, and different versions of that bill had been working their way through the Senate until being yanked from consideration last month. The ...


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  • Better than cap-and-trade: Cap-and-restructure alternative solution for carbon reduction and global warming

    Mark C. Henderson developed a new strategy for emission reduction and global warming. It focuses on the causes of problems rather than their symptoms. The new approach could be more efficient and powerful than cap-and-trade. It would also be applicable to a range of other environmental issues. This website, http://www.wavesofthefuture.net/ , provides a ...


    By Waves of the Future

  • Ontario introduces enabling cap-and-trade legislation

    The Government of Ontario has introduced legislation which would, if passed, give it the authority needed to set up a greenhouse gas emissions trading system within the province. Known as Cap and Trade, the system is a form of market regulation applied to greenhouse gases produced by industry. It is an effective way to reduce the threat of climate change caused by carbon emissions. Speaking to ...


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  • China moves forward with cap and trade scheme

    China intends to establish a seventh emissions trading system, consistent with the National Development and Reform Commission (NDRC). This latest system will begin in the city of Shenzhen, which is expected to develop it's own scheme despite being located in the province of Guangdong - already approved for a cap and trade system. Shenzhen's GDP grew ...


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  • Ontario carbon trading system act passed

    Ontario is closer to establishing a cap-and-trade system to reduce greenhouse gas (GHG) emissions. Today, the legislature passed the Environmental Protection Amendment Act (Greenhouse Gas Emissions Trading), the foundation for Ontario’s cap-and-trade program.  The act allows Ontario’s program to link to ...


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  • Who killed cap-and-trade?

    Robert Stavins, Director of the Harvard Environmental Economics Program In a recent article in the New York Times, John Broder asks 'Why did cap-and-trade die?' and responds that 'it was done in by the weak economy, the Wall Street meltdown, determined industry ...


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  • New Jersey quits RGGI, bans coal plants

    New Jersey governor Chris Christie has pulled the state from the Regional Greenhouse Gas Initiative (RGGI), the only mandatory cap-and-trade program in the U.S., while promising to ban new coal-fired plants in the state. Branding the RGGI a failure, Christie told a press conference yesterday that the state will withdraw from the program "in an orderly fashion" by the end of the year, coinciding ...


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  • Growing US involvement adds a new potential to global carbon markets

    Welcome to the start of the busiest and most important year for emissions trading - both in relation to policy and the markets. The carbon market and all its stakeholders will be concerned with a number of major issues. These topics will be discussed during CARBON EXPO 2009, the world's leading Trade Fair and Congress for emissions trading, carbon abatement solutions and new technologies, that ...


    By Koelnmesse GmbH

  • California`s big move on climate policy challenges BC

    Usually, those of us who live on the West Coast are acutely tuned to tectonic activity, but the regulatory shift last week triggered by the California Air Resources Board (ARB) did not register on the seismographs of any major Canadian newspapers. This is surprising, given that the cap and trade system that California ...


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  • WCI releases draft offset protocol review and recommendation process

    The Western Climate Initiative (WCI) Offsets Committee today releases a draft process to review and recommend offset protocols.    The WCI Design Recommendations (2008) recommended the establishment of a rigorous offset system to support the WCI cap-and-trade program. The Design for the WCI Regional Program (2010) recommended essential criteria for credible offsets and that ...


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  • Gas prices may jump from California emissions law

    California's greenhouse gas reduction law already has shaken up the state's industrial sector, costing it more than $1.5 billion in pollution permit fees. It's now poised to hit the pocketbooks of everyday Californians. Starting next year, the law will force fuel distributors into the same cap-and-trade marketplace as utilities and major manufacturers. The oil industry says it will ...


    By Associated Press

  • Québec ready for the North American carbon market

    Québec has taken an important step towards establishing a North American carbon market. The Minister of Sustainable Development, Environment and Parks, Pierre Arcand, and the Minister of Economic Development, Innovation and Export Trade, Clément Gignac, has announced publication of a draft regulation on greenhouse gas (GHG) cap-and-trade based on the Western Climate Initiative ...


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  • Why emissions trading is more effective than a carbon tax, says IETA

    A cap and trade system is the best means to establish a quantifiable, legally enforceable limit on emissions which will ensure that essential climate change targets are met at the lowest possible cost. Such a program, when combined with offsets, will accelerate global emissions reductions. In addition, cap and trade provides the private sector with the flexibility required to reduce emissions ...

  • Quebec joins carbon market in North America

    Quebec's Minister of Sustainable Development, Environment and Parks, Pierre Arcand, today announced the adoption of the Regulation respecting the cap-and-trade system for greenhouse gas emission allowances, which is based on the rules established by the Western Climate Initiative (WCI). "Cap-and-trade systems for emission allowances are recognized as one of the most effective and ...


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  • Creating a national cap-and-trade system

    The Report released last week by the National Roundtable for the Environment and the Economy (NTREE) sets out a comprehensive road-map for establishing a national cap-and-trade system, one that will help Canada deal with greenhouse gas emissions and climate change.  The report states - correctly in our view - that establishing a unified national carbon price through an economy-wide ...


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  • Airlines and the European Trading System

    The European Union is expected to release a complete list of airlines that will be required to participate in the European cap and trade system later this month, but a preliminary list includes over 700 airlines registered in the U.S. including Delta, United and American Airlines. Many governments, airlines, and industry groups see the move as a violation of national sovereignty and a bad move ...


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  • MIT analysis shows how cap-and-trade plans can cut greenhouse emissions

    Researchers at MIT's Center for Energy and Environmental Policy Research have produced a report concerning key design issues of proposed 'cap-and-trade' programs that are under consideration in the United States as a way of curbing greenhouse gas emissions. The first contribution of the three-part study found that, based on an examination of the European Union's system and of similar U.S. ...

  • Update - US Carbon Pricing Roundup for week ending May 24

    A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including the push to finish Oregon’s WCI-modelled cap-and-trade proposal, Maryland’s governor proposing an alternative method of achieving 100% clean electricity, and several developments related to compliance waivers and proposed biofuel credit ...


    By Carbon Market Pulse Limited

  • Québec and California to hold joint auction of greenhouse gas emission allowances

    The California Air Resources Board (ARB) and the ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (Ministry of Sustainable Development, Environment and the Fight against Climate Change) (MDDELCC) of Québec today announced plans to conduct a joint practice auction for the California and Québec cap-and-trade ...


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