Carbon price

Local climate advocates applaud U.S. Congressman Lloyd Doggett for supporting major climate bill

Retrieved on: 
Thursday, July 1, 2021

Rep. Doggett joins 74 other House colleagues in supporting the bill.

Key Points: 
  • Rep. Doggett joins 74 other House colleagues in supporting the bill.
  • The Energy Innovation Act is one of the most robust pieces of climate legislation on the table in Congress.
  • It will put a price on carbon pollution and allocate that revenue to Americans as a monthly dividend or "carbon cash back" payment.
  • We deeply appreciate Rep. Doggett responding to our concerns and supporting this ambitious carbon pricing bill.

Sense Debuts Carbon Intensity Tracking in the Sense App

Retrieved on: 
Wednesday, June 23, 2021

Sense debuted a new feature that shows the carbon intensity, a measure of carbon emissions that changes dynamically as the power grid taps different energy sources.

Key Points: 
  • Sense debuted a new feature that shows the carbon intensity, a measure of carbon emissions that changes dynamically as the power grid taps different energy sources.
  • In addition to tracking the home's carbon usage in real time, the Sense app has a look-ahead view that forecasts the carbon intensity (CI), so users can plan high energy tasks, such as laundry, dishwashing or charging electric vehicles, for times when carbon emissions will be lowest, reducing their home's overall carbon footprint.
  • Carbon intensity is simply the amount of carbon dioxide emitted to generate a specific unit of power.
  • Said Sense CEO Mike Phillips: "Since the Sense app now knows the carbon intensity of power from the grid, we can start to automate activities in the home to take place when carbon intensity is low.

Platts Launches Nature-Based, Household Devices Carbon Credit Assessments

Retrieved on: 
Tuesday, June 15, 2021

LONDON, June 15, 2021 /PRNewswire/ -- S&P Global Platts, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, commenced publishing daily carbon credit price assessments that reflect Nature-Based Carbon Credit Projects and Household Device Carbon Credit Projects on June 14, 2021.

Key Points: 
  • LONDON, June 15, 2021 /PRNewswire/ -- S&P Global Platts, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, commenced publishing daily carbon credit price assessments that reflect Nature-Based Carbon Credit Projects and Household Device Carbon Credit Projects on June 14, 2021.
  • Paula VanLaningham, Global Head of Carbon Pricing, S&P Global Platts, said:"Liquidity in the associated carbon-credit markets has continued to grow and these new Platts assessments of Nature-Based Carbon Credit Projects and Household Device Carbon Credit Projectsbring additional transparency to carbon prices and carbon trading activity.
  • The Platts Household Devices carbon assessment are the first voluntary carbon credit assessments to capture the critical role that standard Sustainable Development Goal co-benefits play in the carbon credit markets."
  • Like the Platts CEC, both the Platts CNC and Platts Household Devices carbon credit assessments reflect projects certified by The Gold Standard, Climate Action Reserve (CAR), Verified Carbon Standard (VCS), Architecture for REDD+ Transactions, and American Carbon Registry (ACR).

Experts recommend five ways to improve design of carbon pricing across Canada

Retrieved on: 
Monday, June 14, 2021

The expert review did not assess the overall effectiveness of Canada's patchwork of carbon pricing systems.

Key Points: 
  • The expert review did not assess the overall effectiveness of Canada's patchwork of carbon pricing systems.
  • A complementary summary report , produced and published separately by the Institute, identifies five challenges with carbon pricing in Canada, and offers recommendations for improvement.
  • "Federal, provincial, and territorial governments have all moved fast to implement broad-based carbon pricing that can drive down emissions.
  • Our assessment highlights the need for governments to work more cooperatively to ensure carbon pricing delivers on its promise."

International Financial Forum 2021: Carbon Pricing Requires Stronger Global Cooperation and Dialogue

Retrieved on: 
Wednesday, June 2, 2021

While China's Emissions Trading Scheme gradually gathers pace, global experts are eyeing its roles, alongside other major global carbon markets, in accelerating decarbonisation in the global power sector.

Key Points: 
  • While China's Emissions Trading Scheme gradually gathers pace, global experts are eyeing its roles, alongside other major global carbon markets, in accelerating decarbonisation in the global power sector.
  • Against this backdrop, an International Financial Forum (IFF) Roundtable Conference invited energy and finance experts to clarify the progress of carbon pricing in China and Europe.
  • Alain Quinet, Chairman of the French Commission on the Value of Carbon, Deputy CEO of SNCF Reseau, emphasized that carbon neutrality hinges on innovation and international cooperation.
  • Headquartered in Beijing, it is a high-level dialogue and academic exchange mechanism co-sponsored by business leaders and scholars in the global financial community and academic circles.

KBRA Releases ESG Research - Carbon Pricing and Its Potential Credit Impact

Retrieved on: 
Monday, April 5, 2021

Kroll Bond Rating Agency (KBRA) releases research comparing two carbon pricing policy options: a carbon tax and cap-and-trade program.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases research comparing two carbon pricing policy options: a carbon tax and cap-and-trade program.
  • The report also discusses potential credit implications for project finance transportation, electricity generation, and midstream industries.
  • As atmospheric concentrations of carbon dioxide (CO2) continue to rise, climate change is projected to accelerate, pressuring regulators and government agencies to find cost-effective solutions to reduce emissions.
  • KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada.

Article - Carbon leakage: prevent firms from avoiding emissions rules

Retrieved on: 
Tuesday, March 9, 2021

Existing carbon pricing measures in the EU

Key Points: 
  • Existing carbon pricing measures in the EU

    Under the current emissions trading system (ETS), which provides financial incentives to cut emissions, power plants and industries need to hold a permit for each tonne of CO2 they produce.

  • Due to the last economic crisis, demand for permits has dropped and so has their price, which is so low that it discourages companies from investing in green technologies.
  • What the Parliament is asking for

    The new mechanism should align with World Trade Organisation rules and encourage the decarbonisation of EU and non-EU industries.

  • By 2023, the Carbon Border Adjustment Mechanism should cover power and energy-intensive industrial sectors, which represent 94% of the EU's industrial emissions and still receive substantial free allocations, according to MEPs.

Fraser Institute News Release: Carbon taxes poorly designed in all 14 high-income countries with such taxes, including Canada

Retrieved on: 
Tuesday, October 20, 2020

Overall, no high-income OECD country with a carbon tax has implemented it based on sound design, said Elmira Aliakbari, associate director of natural resource studies at the Fraser Institute and co-author of Carbon Pricing in High-Income OECD Countries .

Key Points: 
  • Overall, no high-income OECD country with a carbon tax has implemented it based on sound design, said Elmira Aliakbari, associate director of natural resource studies at the Fraser Institute and co-author of Carbon Pricing in High-Income OECD Countries .
  • The study examines 31 high-income countries in the Organization for Economic Co-operation and Development (OECD), including Canada, that have implemented a carbon tax, a carbon emissions trading system, or a combination of both.
  • Poorly designed carbon taxes, like those in all high-income countries around the world, do not deliver on the promise of cost-effective emissions reduction, Aliakbari said.
  • Instead, poorly designed carbon taxes cause serious and harmful economic effects that increase costs, scare away investment, and deter entrepreneurship.

bp helps establish coalition to support transportation carbon pricing program

Retrieved on: 
Thursday, September 24, 2020

The growing coalition supporting the carbon pricing plan includes bp, Exelon, Ford, National Grid and the Alliance for Automotive Innovation.Together these companies are urging lawmakers to put a price on carbon from the transportation sector the largest source of emissions in the region by enacting TCI.

Key Points: 
  • The growing coalition supporting the carbon pricing plan includes bp, Exelon, Ford, National Grid and the Alliance for Automotive Innovation.Together these companies are urging lawmakers to put a price on carbon from the transportation sector the largest source of emissions in the region by enacting TCI.
  • "TCI establishes a carbon price across the transportation sector, fostering growth by improving infrastructureand generating the revenue states need now more than ever."
  • In addition to the businesses behind this coalition, TCI is endorsed by thought leaders and more than 75 leading environment, business and transportation organizations through Our Transportation Future .
  • bp employs about 12,000 people across the US and supports more than 200,000 additional jobs through its business activities.

An EU Carbon Border Tax Could Be the Next Disruptive Force in Global Trade

Retrieved on: 
Tuesday, June 30, 2020

The study, which is described in an article titled " How an EU Carbon Border Tax Could Jolt World Trade ," found that an EU carbon tax on imports could rewrite the terms of competitive advantage in one of the world's biggest markets.

Key Points: 
  • The study, which is described in an article titled " How an EU Carbon Border Tax Could Jolt World Trade ," found that an EU carbon tax on imports could rewrite the terms of competitive advantage in one of the world's biggest markets.
  • But the article contends that some sort of carbon-pricing mechanism is likely to be imposed on importsand companies should prepare.
  • The BCG study assessed the impact of a potential carbon border tax on a wide variety of industrial sectors in different countries.
  • Despite the uncertainties surrounding the price mechanisms and the timing of the policy, CEOs should start preparing now for some form of an EU carbon tax on imports.