California, Ontario and Québec to link carbon markets

California, Ontario and Québec have signed an agreement to link their carbon markets. The deal officially links joins individual cap-and-trade programmes, creating “an expanded and dynamic carbon market, which will drive down greenhouse gas emissions”, according to California Governor Edmund G. Brown Jr. Ontario will formally enter the Québec-California carbon market on 1st January 2018, […]

Governments pledge co-operation on carbon trading

High level officials from 26 national and subnational governments have pledged to strengthen action on climate change through renewed co-operation on carbon markets. That includes EU Member States, Mexico, Republic of Korea, California and Tokyo. A three-day meeting in Lisbon last week, organised by the International Carbon Action Partnership (ICAP), brought together key policymakers to […]

EU election results “spell risk for carbon market rules”

More far right and eurosceptic MEPs voted into the European parliament last week means change could be in store for the EU’s carbon markets. That’s according to analysts from Thomson Reuters Point Carbon who suggest energy and climate decisions will be “significantly influenced” by the election results. Marcus Ferdinand, Head of EU Carbon Analysis said: […]

Value of carbon markets forecast to rise in 2014

Analysts predict the value of trades in the carbon markets will rise for the first time since 2011. The value of the global carbon market is forecasted to rise to €46bn in 2014. While a rise of 15% from last year, this is well below €98bn high it hit in 2011. Bloomberg New Energy Finance […]