News & Analysis as of

Cap-and-Trade

Currents - Energy Industry Insights - September 2017#4

U.S. Crude Exports to Asia May Shake Up Global Oil Pricing: Russell "The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of...more

Greenhouse gas emissions trading schemes: A global perspective - The Global Future

by White & Case LLP on

Regional trading systems are expected to expand and increase their connections with one another - Carbon pricing and trading regimes are developing regionally in a bottom-up approach, rather than through a global top-down...more

Greenhouse gas emissions trading schemes: A global perspective: Japan

by White & Case LLP on

Tokyo Metropolitan Government's and Saitama Prefecture's schemes are connected as Japan considers a national scheme - Similar in some ways to regional emissions trading schemes in the US and Canada, Japan has locally...more

Greenhouse gas emissions trading schemes: A global perspective - European Union

by White & Case LLP on

The world's biggest trading scheme sees proposals intended to stabilize the market and links to Switzerland - The European Union Emissions Trading System (EU ETS) is the world's first and biggest international emissions...more

Greenhouse gas emissions trading schemes: A global perspective - Mexico

by White & Case LLP on

Implementation of a cap-and-trade program and compliance market is expected by 2021 - In 2012, Mexico enacted the General Law on Climate Change (GCCL), which required the creation of a national registry for greenhouse...more

Greenhouse gas emissions trading schemes: A global perspective - Canada

by White & Case LLP on

Ontario and Québec lead the way in developing trading schemes - Canada's federal government recently entered into an agreement with eight Canadian provinces and three Canadian territories that is likely to accelerate the...more

Greenhouse gas emissions trading schemes: A global perspective - United States

by White & Case LLP on

Individual states are expected to take the lead in regulating greenhouse gas emissions - In the US, the trading of greenhouse gas (GHG) emission-reduction credits is underway in a large group of states on the East Coast...more

Sustainable Development Update - September 2017 #2

by Allen Matkins on

Sustainable Development Focus - Here’s how California plans to spend $1.5B in cap-and-trade money - San Jose Mercury News - Sep 12 - As California’s newly strengthened “cap and trade” climate-change program rakes...more

If China Can Cap-and-Trade Auto Fuel, Why Can’t We?

Bloomberg reported earlier this week that: China will soon unveil a mandatory cap-and-trade credit program for electric cars, starting the countdown for carmakers to be in compliance with stricter rules on emissions and...more

Massachusetts Joins Other States in Regional Greenhouse Gas Initiative Announcing Plan to Reduce Emissions by Additional 30...

On August 23, Massachusetts joined the eight other states in the Regional Greenhouse Gas Initiative (RGGI) in announcing a plan to reduce carbon dioxide emissions by an additional 30 percent by 2030 relative to 2020 levels....more

California Environmental Law and Policy Update - August 2017 #4

by Allen Matkins on

Environmental and Policy Focus - Interior Department identifies 'a handful' of national monuments to shrink in its report to Trump - San Diego Union-Tribune - Aug 24 - The White House is getting ready to move on...more

Sustainable Development Update - August 2017 #4

by Allen Matkins on

Sustainable Development Focus - LADWP fast-tracks major solar battery project - Solar Industry Magazine - Aug 17 - The Los Angeles Department of Water and Power (LADWP) last Tuesday advanced a utility-scale...more

China’s Pilot Programmes Welcome Announced Launch of Emissions Trading System

by Latham & Watkins LLP on

Chinese policymakers have indicated that the country’s Emissions Trading System (ETS) — which will be the largest system of its kind globally and the centerpiece of Chinese climate change policy — is likely to launch in...more

California Extends Cap-and-Trade Through 2030

by Stoel Rives LLP on

On July 25, 2017, California Governor Jerry Brown signed legislation extending the state’s cap-and-trade program through 2030. The signing ceremony for Assembly Bill (AB) 398 included former California Governor Arnold...more

California Governor Signs Climate Change Law Extending the Cap-And-Trade Program Until 2030

by Holland & Knight LLP on

AB 398 passed in both the California State Senate and Assembly with a two-thirds majority of bipartisan lawmakers. It received support from businesses and environmental advocates alike. Governor Jerry Brown signed the bill...more

Neste Welcomes California’s Commitment To The Low Carbon Fuel Standard

by Bergeson & Campbell, P.C. on

On July, 19, 2017, Neste, a member of BRAG, issued a statement to congratulate California on its strong climate leadership supporting the transition to clean energy. Neste stated that it looks forward to continuing to...more

Local California Governments Sue Fossil Fuel Companies for Rising Sea Levels

by Downey Brand LLP on

On July 17, 2017, Marin County, San Mateo County, and the City of Imperial Beach filed three lawsuits in California Superior Court against a number of large oil, gas and coal companies. The complaints assert a variety of...more

California Flips the Focus from Facility Emission Limits to Community Impact Monitoring and Mitigation

by Morrison & Foerster LLP on

On Monday, July 17, 2017, the California legislature passed a two-bill package, Assembly Bill (AB) 398, which extends California’s Cap-and-Trade Program to 2030, and AB 617, the companion bill that didn’t get as much...more

California Environmental Law and Policy Update - July 2017 #3

by Allen Matkins on

Environmental and Policy Focus - California Legislature extends state's cap-and-trade program in rare bipartisan effort to address climate change - Los Angeles Times - Jul 17 - California lawmakers voted Monday...more

Renewable Energy Update - July 2017 #3

by Allen Matkins on

Renewable Energy Focus - California’s extension of cap-and-trade provides more certainty to cleantech - Greentech Media - Jul 18 - Late Monday night, California lawmakers approved a group of bills that extend the...more

California post-2020 GHG Regulation Debate: Compromise Passed Both Houses with a Two-Thirds Vote

by Reed Smith on

To achieve its goals of reducing greenhouse gas (“GHG”) emissions linked to global warming, California relies upon a number of programs and policies, including a system of capping total GHG emissions from regulated source,...more

State Legislature Reaches Agreement on Extension of the Greenhouse Gas Cap-and-Trade Program; Stops the Bay Area Air Quality...

by Downey Brand LLP on

As posted in CEQA Chronicles, on July 17, 2017 the California legislature approved an extension of the state’s greenhouse gas cap-and-trade program from 2020 to 2030. Cap-and-trade is a key program in the state’s efforts to...more

California Environmental Law and Policy Update - July 2017 #2

by Allen Matkins on

Environmental and Policy Focus - California Legislature’s vote on cap-and-trade program extension delayed - Los Angeles Times - Jul 13 - Governor Jerry Brown and legislative leaders introduced a proposal Monday...more

California’s Cap-and-Trade Regulations Extended Through 2030 – A Victory for Climate Policy and Business Alike

by Davis Wright Tremaine LLP on

On July 17, 2017, the California Assembly and the Senate voted to extend California’s Cap-and-Trade Program from 2021 to 2030 (Assembly Bill (“AB”) 398). Governor Brown is widely expected to sign the bill in the coming...more

California Air Resources Board New Draft Enforcement Penalty Policy

by Alston & Bird on

Today, CARB held another workshop to explain its new draft enforcement penalty policy and the factors it will use in assessing penalties in future enforcement cases. The factors are qualitative and narrative and subjective,...more

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