After years of planning, China officially launched its national carbon emissions trading system (ETS) last month. With this move, China officially becomes home to the largest carbon market in the world covering more than 4 billion tons of CO2 emissions from over 2,000 power plants.[i] The path to this moment spans almost a decade. Taking …
Read more “China Launches National Carbon Market: What’s Next?”
As world leaders continue to implement or expand their carbon pricing schemes, a new report by the Carbon Disclosure Project (CDP) shows that a growing number of companies are adopting an “internal” carbon pricing mechanism. The report, titled “Putting a Price on Carbon,” is an update from 2017 that utilizes data compiled in 2020 from …
Read more “Nearly Half of the World’s Largest Companies Now Have An “Internal” Carbon Price”
In a 6-3 decision announced late March, the Canadian Supreme Court ruled that the country’s federal carbon pricing system under the Greenhouse Gas Pollution Pricing Act (GHGPPA) was constitutional. The ruling was cemented around the Constitution’s “peace, order and good government” clause, which gives the federal government authority to enact laws to deal with an issue …
Read more “Global Climate Action: Canadian Supreme Court Upholds Carbon Tax & More”
A typical day in Southern California includes warm weather, traffic, and maybe even a trip to the beach. Los Angeles, the region’s largest city, averages about 35 days of rain per year, which ranks among the lowest for major cities in the US. So, when it does rain, it can feel like a bit of …
Read more “Stormwater Management in California: Charting and Sharing Progress”
In a move that aims to continue to bring back evidence-based decision making to the Federal Government, as well as to demonstrate that the US is committed to taking serious action on climate change, the Biden administration has restored the value of the “social cost of greenhouse gases” to Federal policymaking. The decision, announced on …
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To kick off the new year, Norway unveiled a white paper that laid plans for the most comprehensive and ambitious climate agenda by the country through the next decade. The Plan, which was announced by the Minister of Climate and Environment Sveinung Rotevatn, touches on a variety of measures including climate-related requirements in public-procurement processes, …
Read more “Norway Unveils Plans to Raise Carbon Tax Ceiling for Oil and Gas”
Last month, on the week of the fifth anniversary of the Paris Climate Agreement, Prime Minister Trudeau unveiled an ambitious plan for Canada to take more aggressive action on climate change. The new plan, titled “A Healthy Environment and a Healthy Economy,” will build upon the 2016 Pan-Canadian Framework on Clean Growth and Climate Change …
Read more “Canada Commits to Greater Climate Action, Proposes Raising Carbon Tax to $170/tonne”
Though 2020 has been a year dominated by the COVID-19 crisis, the threat of climate change continues to loom and only grow with time. In the Pacific Northwest, the City of Portland, Oregon is taking an immediate stand to confront the impacts of climate change for its residents, particularly the most vulnerable. After passing an …
Read more “Portland Aims to Make Polluters Pay for their Climate Impact”