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Author Archives: Nate Van Beilen

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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GHG Emissions

14

Jun 2017

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Ontario’s Second Cap and Trade Auction Results

The second Cap and Trade Auction, held on June 6th, completely sold out current (2017) emission allowances. 53.7% of future 2020 emission allowances were sold as well, which is more than double the amount that were sold in the previous auction. The Ontario Cap and Trade program is off to a solid start. The first […]

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cap and trade Vs. carbon taxes

14

Jun 2017

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Comparing Cap and Trade and Carbon Taxes

Check out our comparison of cap and trade and carbon tax legislation alternatives for Ontario.

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Cap and Trade Diagram

14

Jun 2017

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WCI Cap and Trade and Alberta’s Carbon Levy explained through diagrams

One critique of carbon markets and cap and trade programs is that they are complicated and difficult to understand. CSG has developed visual diagrams that help explain the complexities of two carbon market systems (1) the Western Climate Initiative (WCI) carbon market between California, Quebec and Ontario (when linked in 2018), and ...

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Forest Offset Project

14

Jun 2017

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Getting Ready for Ontario’s Carbon Offset Program: Offset Protocols

For Ontario to have a complete cap and trade system as contemplated in the Ontario government’s announcements, there are two significant elements left to be added. Those elements are (i) the creation of a link with California and Quebec and (ii) the creation of an Ontario offset system. This article deals with an important part ...

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