Issue: 25 Tuesday, 24 March 2019
Dear ,
While global attention is focused on efforts to fight the coronavirus pandemic, combating climate change will remain a defining long-term challenge for the planet. With the imperative of carbon neutrality in mind, we’ve launched the Emissions Trading Worldwide Status Report 2020 . The 7th edition of ICAP’s annual flagship publication brings you the latest facts and figures from ETS-implementing jurisdictions around the world, insights from policy makers, and in-depth factsheets on everything from the long-established systems to those newly introduced, under development, and under consideration.
Join us for two launch webinars featuring representatives from the world’s major ETSs, and take a look at the report – we hope you’ll find it insightful on the state of this vital carbon-pricing mechanism and the challenges policy makers face.All the best,
To accompany the release of the Status Report, ICAP will be hosting two public webinars timed to accommodate the global reach of the ETS community. Representatives of ETS jurisdictions will share the latest developments and future prospects from their systems, and the ICAP Secretariat will offer a closer look at the key messages of the 2020 Status Report.The dates, times, and regional focuses of the two webinars are below. Use the links to register.
The Americas – 25 March 2020, 18:00 Central European Time Representatives from California, Mexico, the Regional Greenhouse Gas Initiative’s participating states, and the European Union will deliver policy updates on their jurisdictions. The ICAP Secretariat will moderate and offer a closer look at the takeaways of the 2020 Status Report. The webinar will close with Q&A.
Representatives from New Zealand, the European Union, and China’s SinoCarbon Innovation & Investment will deliver policy updates on their jurisdictions. The ICAP Secretariat will moderate and offer a closer look at the takeaways of the 2020 Status Report. The webinar will close with Q&A.Speakers:
After an ETS bill again failed to pass the Oregon legislature, Governor Kate Brown issued an executive order directing state regulators to develop a program setting a declining cap on the emissions sources that would have been covered by the proposed legislation.Executive Order 20-04, signed on 10 March 2020, directs the state Environmental Quality Commission (EQC) and Department of Environmental Quality (DEQ) to establish a sector-specific “Cap and Reduce Program” for large stationary sources of emissions, transportation fuels, and other fossil fuels, including natural gas. This would follow the sectoral coverage of Senate Bill 1530 (SB-1530), which would apply to the industry, power, and transport sectors. That bill, which originally appeared as LC-19 before the start of the 2020 legislative session, failed to pass during the legislative session after Republican lawmakers refused to form a quorum. An inability to reach a quorum also contributed to the failure of House Bill 2020 (HB-2020) in 2019. Read more...
On 21 February 2020, Montenegro’s regulation on emissions trading entered into force, launching preparations for a national ETS that would cover the industry and power sectors.The launch date of the ETS to be implemented under the regulation has not been announced, but the regulation establishes sectoral coverage and inclusion thresholds, rules governing trade of permits, a market stabilization reserve and the use of auction proceeds. Revenue will go to the Environmental Protection Fund to finance climate innovation, renewable energy, and environmental protection.Read more…Read more...
On 11 February 2020, both chambers of the Virginia General Assembly adopted legislation paving the way for a power sector ETS and participation in the Regional Greenhouse Gas Initiative (RGGI) by late 2020 or 2021.The Virginia Clean Economy Act (HB-1526, SB-851) focuses on ETS and other power-sector regulation, while the Clean Energy and Community Flood Preparedness Act (HB-981, SB-1027) determines how revenue from ETS will be used. The introduction of an ETS in Virginia in conjunction with RGGI participation was originally planned for 2020, following approval of ETS regulations by the DEQ in April 2019. However, the implementation of the regulations was delayed due to restrictions added to the 2019 budget bill passed by the then Republican-controlled legislature.Read more...
On 30 January 2020 Pennsylvania’s Department of Environmental Protection (DEP) released a first draft proposal for an ETS covering CO2 emissions from the electric power sector and joining the Regional Greenhouse Gas Initiative (RGGI).The draft proposal is largely consistent with the system design features of the RGGI model rule, including the implementation of an emissions containment reserve (ECR) and a cost containment reserve (CCR) as well as quarterly auctions to allocate allowances. The proposal also includes additional features such as adjustments for banked allowances, an adjustment offset protocol and a “waste-coal set-aside account”.This first proposal is now going through a review and stakeholder engagement process before the release of the final ETS proposal by 31 July 2020.
Chinese ETS Pilots:- Beijing- Chongqing- Guangdong- Shanghai- Hubei- Shenzhen- Tianjin- Fujian
CNY 84.72 (USD 11.93)**CNY 28.51 (USD 4.02)**CNY 30.20 (USD 4.25)**CNY 33.50 (USD 4.72)**CNY 27.98 (USD 3.94)**CNY 10.63 (USD 1.50)**CNY 15.15 (USD 2.13)**CNY 14.00 (USD 1.97)**
20.03.202022.01.202020.03.202020.03.202021.01.202022.01.202023.01.202023.01.2020
Tanjiaoyi News Service (Chinese)
KRW 40,050 (USD 31.60)**
CommTradeNew Zealand
If you no longer wish to receive this newsletter, click here:
International Carbon Action Partnership Secretariat Köthener Straße 2 D-10963 Berlin Germany
info@icapcarbonaction.com
Copyright © 2020 International Carbon Action Partnership (ICAP)
This email contains graphics, so if you don't see them, .
