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EU votes in favour of temporarily withholding the sale of 900 million EU allowances from the EU carbon scheme

On July 3, 2013 the members of the European Parliament voted 344-311 in favour of a one-off intervention in the market to withhold the sale of 900 million EU allowances over the next few years (with the intent to return them...more

EU Rejects Suspension of Auctions of EU Allowances; California Air Resources Board Formally Approves Linkage with Quebec

On April 16, 2013 the members of the European Parliament voted 334-315 against the proposal of the European Union (EU) Commission to suspend future auctions of EU emission trading scheme (EU ETS) allowances until 2019 in...more

Potential Linkage between Californian and Australian Greenhouse Gas Cap-and-Trade Regimes

Australia and the State of California are investigating opportunities for linking their carbon pricing and greenhouse gas (“GHG”) cap-and-trade programs. On January 15, 2013, officials from the Australian Parliament and the...more

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