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Tag Archives: Western Climate Initiative

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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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 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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CSG Product Offering

13

Jun 2017

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CSG’s New Offset Product Offering

The Climate Solutions Group Limited has created a structured offset product that will represent a proportionate share of the deliveries from a portfolio of offset contracts to be used by emitters to assist in satisfying compliance obligations in an efficient and economical manner. The offsets will be usable, as chosen by the GHG ...

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WCI Auction Results

26

May 2017

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What does the May 16th WCI auction mean for Ontario?

Strong results of the 11th Joint Auction between California and Quebec of the Western Climate Initiative (WCI) were announced by regulators on May 24th, 2017. The auction, held on May 16th, 2017, sold out current vintage allowances for the first time since November 2015. The WCI auction results are good news for Ontario. Why? The ...

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Ontario Cap and Trade Forum

09

May 2017

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Ontario Cap and Trade Forum: 10 Key Takeaways

The Ontario Cap and Trade Forum, held on April 26th and 27th in Toronto brought together government representatives, industry associations, regulated emitters, and a range of carbon market service providers who all share a stake in Ontario’s emerging carbon market. A number of presentations and panel discussions across two full ...

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25

Apr 2017

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Boost to Cap and Trade Legitimacy in California

On April 6th, the California Court of Appeal upheld the California Air Resource Board’s cap and trade program. This is a big deal. California is the world’s sixth largest economy and it is balancing the priorities of economic growth tackling climate change. This sets a precedent for other jurisdictions and shows that cap and ...

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cap and trade emissions

20

Apr 2017

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Analysis: Ontario’s First Cap and Trade Auction

By and large, Ontario’s first cap and trade auction was a success. 2017 emission allowances were completely sold out which signals that regulated emitters in Ontario have embraced the cap and trade program and are preparing for the transition to a low carbon economy. The fact that 26% of the available 2020 vintage allowances ...

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