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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  • 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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  • 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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  • Are there too many cap and trade plans?

    The Canadian Council of Chief Executives recently noted there are too many cap and trade plans in the works and more cooperation between states, regions and countries is required. A recent Calgary Herald article quoted the Council’s CEO Thomas ...


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  • 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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  • EU lawmakers back cap-and-trade fix

    The European Parliament on Wednesday backed a rescue plan for the world's biggest cap-and-trade system for emissions of carbon dioxide, the most prevalent greenhouse gas from human activities. In a 344-311 vote, European lawmakers in Strasbourg, France, approved a proposal to delay an auction of allowances in the EU's emissions trading ...


    By Associated Press

  • Quebec and California link their cap and trade programs

    The Government of Quebec has announce an agreement outlining the steps and procedures to fully harmonize and integrate the cap-and-trade programs of Quebec and California. The linkage of the two programs is planned to be effective on January 1st, 2014. Québec Minister of International Relations, Francophonie and External Trade, Mr. Jean-François Lisée, the Québec ...


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  • Cap-and-Trade regulation posted on Ontario Environmental Registry

    Ontario’s Ministry of the Environment and Climate Change (MOECC) posted on the Environmental Registry February 25, 2016, a regulatory proposal for a new cap-and-trade regulation designed to generate approximately $1.8-1.9 billion per year to fund projects aimed at reducing emissions. The proposed framework includes: An appendix presenting detailed technical information for the ...

  • California cap-and-trade system launches first auction

    In a move that could set the tone for a national carbon market in the United States, the California Air Resources Board (ARB) has launched the first auction of its cap-and-trade system for greenhouse gases. The California's cap-and-trade program is the first large-scale carbon market in the US, and could become the world's second largest carbon market after the European Union's Emission Trading ...


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  • WCI releases comprehensive plan for cap-and-trade program

    The partners in the Western Climate Initiative (WCI) today released a comprehensive strategy designed to reduce climate-warming greenhouse gas emissions (GHG), stimulate development of clean-energy technologies, create green jobs, increase energy security and independence, and protect public health. The Design for the WCI Regional Program is the culmination of two years of work by seven U.S. ...


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  • Beyond cap and trade, a new path to clean energy

    A funny thing happened while environmentalists were trying and failing to cap carbon emissions in the U.S. Congress. U.S. carbon emissions started going down. The decline began in 2005 and accelerated after the financial crisis. The latest estimates from the U.S. Energy Information Administration now suggest that U.S. emissions will continue to decline for the next few years and ...


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  • South Korea passes legislation for carbon cap and trading scheme.

    South Korea's National Assembly recently passed legislation on the Allocation and Trading of Greenhouse Gases Emissions. The greenhouse gas (GHG) trading scheme will be implemented effective January 1, 2015. Korea's industrial sector has long opposed the emission-trading scheme. It has maintained that if the proposed law were passed Korean manufacturers would be unable to compete with ...


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  • California cap-and-trade: taking the time to get the details right

    The California Air Resources Board (CARB) staff is holding a workshop today on additional details that were recently announced for California’s cap-and-trade program. These details on allowance allocation, reporting, verification, and other aspects of the program, and the recent announcement on the program’s ...

  • Cap and Trade System to Limit Greenhouse Gas Pollution in Ontario

    “To fight climate change — one of the greatest challenges mankind has faced — Ontario is putting a limit on the main sources of greenhouse gas pollution through a cap and trade system to protect the air we breathe, the water we drink and the health of our children and grandchildren.” With this terse statement Ontario Premier Kathleen Wynne confirmed what ...


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  • New Jersey carbon cap and trade plan called `timid`

    A newly proposed cap-and-trade program to reduce emissions of the heat-trapping greenhouse gas carbon dioxide, CO2, in New Jersey may do little to combat global warming, charges Public Employees for Environmental Responsibility, PEER, a nonprofit association of government workers. The trading program proposed by the administration of Governor Jon Corzine sets emissions caps above current ...

  • ICF International Announces California AB32 Cap-and-Trade Outlook

    ICF International (NASDAQ:ICFI), a leading provider of consulting services and technology solutions to government and commercial clients, has released its California Cap and Trade Market Outlook, a special report of ICF’s Integrated Energy Outlook series. The study presents ICF’s views on emission allowance prices and the potential sources for ...


    By ICF International, Inc.

  • Australia`s Emissions Trading Scheme Sets No Cap, No Date

    MELBOURNE, Australia, July 17, 2007 (ENS) - The Australian government will begin work on a greenhouse gas emissions trading scheme with analysis of a long-term goal for emissions reduction, Prime Minister John Howard announced today. The government's A$637 million plan sets no cap on emissions nor does it set a date for when the trading of emissions credits will begin. As a first step, Howard ...

  • The role of offsets in next-generation carbon cap-and-trade schemas

    Offset compliance provisions in proposed U.S. climate change regulations imply that offsets may be a significant portion of abatement activity under the cap-and-trade program. How might this emphasis impact companies in regulated sectors as they consider what range of abatement projects to fund? As with many of the ‘moving parts’ of the climate change and clean energy landscape, offsets — ...


    By IHS Markit

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