Climate Solutions Group

The Climate Solutions Group Blog

OPTIMISM FOR ENVIRONMENTAL MARKETS

22

Jan 2018

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Optimistic Outlook for Environmental Markets in 2018

Could 2018 be the year that carbon markets take off? More investors are betting on it. The prices for carbon credits increased by about 20% in North America over 2017[1]. Other compliance-based environmental markets seem to be delivering positive results as well. Investors are taking notice. Bullish Outlook for Carbon In response to ...

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carbon emissions

19

Dec 2017

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Global Uptake of Carbon Markets Continues

Significant progress has been made in carbon market development around the world over the past weeks. A few key recent developments in carbon markets demonstrate the global trend towards using carbon markets as an effective tool to mitigate climate change. “Carbon Pricing in the Americas Declaration” The One Planet Summit held in ...

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Emissions

12

Dec 2017

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4th Ontario Cap and Trade Auction Results

Ontario’s fourth cap and trade auction, held on November 29th, 2017, sold out of future vintage allowances, and sold 82.6% of the current (2017) vintage allowances. This is the first auction where current vintage allowances have been undersubscribed, which came as a surprise to some in the market. Despite undersubscription and a ...

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refinery emissions

28

Nov 2017

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13th California Quebec Cap and Trade Auction Sells Out

Quebec and California of the Western Climate Initiative held the thirteenth joint cap and trade auction last week on November 14th. The auction completely sold out of current 2017 and 2020 vintage emission allowances. Continuing Market Stability The results of the past few cap and trade auctions demonstrate that the stability of the ...

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WCI linkage signing

22

Sep 2017

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Ontario Joins the Western Climate Initiative

Ontario, is now officially linked with the Western Climate Initiative (WCI). On September 22, 2017, Ontario signed the “Agreement on the Harmonization and Integration of Cap-and-Trade Programs for Reducing Greenhouse Gas Emissions” with Quebec and California. The linkage shows that subnational jurisdictions can take action on ...

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emitter

15

Sep 2017

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Ontario’s Third Cap and Trade Auction Completely Sells Out

Ontario’s third Cap and Trade Auction, held on September 6th, completely sold out for both current (2017) vintage and future (2020) vintage emission allowances. The previous two auctions sold out of current vintage allowances as well so Ontario’s cap and trade auctions are off to a healthy start. Steady uptake of Future Vintage ...

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Carbon Emissions_cap and trade auction

28

Aug 2017

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Emission Allowances Sell Out at Successful 12th Joint Cap and Trade Auction

Last week on August 15th, Quebec and California of the Western Climate Initiative held the twelfth joint cap and trade auction. The auction was a success, with both current 2017 and future 2020 vintage allowances selling out completely. The success of the auction reflects that the cap and trade program is firmly cemented into the ...

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Jerry Brown and cap and trade

20

Jul 2017

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California Cap and Trade Extension Bolsters Carbon Markets

On July 17th, the California Senate and Assembly passed AB 398 with bipartisan support that extends the cap and trade system until 2030. This is good news for those participating in Ontario and Quebec carbon markets as the Bill notes in section 1(c) “action taken by California to reduce emissions of greenhouse gases will have […]

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California Supreme Court

03

Jul 2017

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California Supreme Court Solidifies Cap and Trade Program

After a four-year legal challenge, the California Supreme court declined to hear an appeal by business groups that believed the cap and trade program was equal to an unconstitutional tax. The case firmly establishes the legality of the cap and trade program and will provide regulatory certainty to emitters, carbon market ...

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canada flag

29

Jun 2017

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Happy Canada 150! – 150 Climate Change Solutions

Canada is officially turning 150 years old. We can all be proud of what we have accomplished and achieved as a nation, while at the same time acknowledging the need for improvement when it comes to climate action. The way Canadians use energy and interact with the environment has evolved extremely over the last 150 […]

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