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Quebec, California Look to Expand Carbon Market

In an effort to expand the carbon market they established last year, leaders in Quebec and California are actively looking to recruit other parts of Canada and the US to join, according to Bloomberg. Quebec is discussing a regional market with the governors of New England states and leaders in … Read more »

Walmart solar

California Carbon Price Forecast Plunges

California’s carbon emissions will be lower than analysts initially expected, remaining below the allowance cap until at least 2017 with offsets making the market oversupplied through 2019, according to analysis by Thomson Reuters Point Carbon. Based on a revised emissions model, Thomson Reuters Point Carbon now estimates that emissions covered … Read more »

N. American Carbon Markets to ‘More Than Double’ This Year

This year, North American carbon markets will more than double in value to $2.5 billion, according to market intelligence firm Thomson Reuters Point Carbon. The growth will be driven by activity in California, whose market will increase over four-fold year-on-year to 186 Mt. Strong demand for California carbon allowances (CCAs), … Read more »

Offset Supply to Drive Western Climate Initiative, Analysts Say

Offset supply will be the main long-term allowance price driver after California and Quebec link their emissions trading programs next year to form the Western Climate Initiative single carbon market, according to market intelligence service Thomson Reuters Point Carbon. Both the California and Quebec electricity sectors have relatively low emissions. … Read more »

Environmental & Energy Executive Moves: Adobe, TripAdvisor, Gamesa, NextEra Energy, GE

Adobe has named Michelle Crozier Yates to the position of director of corporate social responsibility. Prior to the appointment at Adobe, Yates was the vice president of corporate responsibility at Warner Bros. Entertainment. TripAdvisor has appointed Jenny Rushmore to the position of director, responsible travel – a newly-created role to … Read more »

Carbon Trading to Double in North America This Year

Carbon trading in North America is poised to double this year with the inauguration of carbon markets in California and Quebec, and the total value of the Western Climate Initiative is set to surpass that of the eastern Regional Greenhouse Gas Initiative, according to Thomson Reuters Point Carbon. The news … Read more »

States Abandon Carbon Market

Six U.S. states have abandoned the planned Western Climate Initiative greenhouse gas trading program leaving only California and four Canadian provinces involved in the program’s development, The Vancouver Sun reports. New Mexico, Arizona, Washington, Oregon, Montana and Utah have formally declared their withdrawal from the WCI and are joining the … Read more »

Calif., Provinces Push Regional Cap and Trade; In Europe, Carbon Slump Continues

The Western Climate Initiative, a coalition of U.S. states and Canadian provinces seeking to create a regional carbon trading program, has created a non-profit corporation to support state and provincial emissions trading programs. WCI, Inc. plans to develop a compliance tracking system for allowances and offsets, administer allowance auctions, and … Read more »

New Mexico Board Approves Carbon Cap

The largest polluters in New Mexico will need to reduce their CO2 emissions by three percent a year under a carbon cap approved by the state Environmental Improvement Board (EIB). The cap requires yearly three percent reductions from 2010 levels, starting in 2013. Approved by a 4-1 vote, the limit … Read more »

Roundup – Hormel Foods, BMW, Microsoft

Chemical BPA found on cash register receipts USA Today Hormel Foods Awarded Prestigious LEED Gold for new Production Facility Hormel Foods Sun Electric Completes the Installation of More Than Five Megawatts of Solar Power Throughout the Northeast Sun Electric Crafting Organizations as Sustainable Human Systems Triple Pundit Market Value of … Read more »

Western U.S., Canadian Carbon Market Shrinks Again

The Western Climate Initiative, a proposed cap-and-trade program for the Western U.S. and parts of Canada, may launch in 2012 with fewer states than planned because they don’t have laws in place that allow them to participate in the regional emissions market, reports Bloomberg Businessweek. Allan Bedwell, vice-president at CantorCO2e, … Read more »

WCI Sticks with Plans to Limit Use of Offsets

The Western Climate Initiative, targeting a 15 percent reduction in greenhouse gas emissions below 2005 levels by 2020, is sticking with its original plan to limit the use of offset credits and allowances under its proposed cap-and-trade system to no more than 49 percent of the total emission reductions from … Read more »