Podcast - Carbon Markets Lightning Round: State and Federal Updates
Across the Board-Episode 6, will your assets be stranded?
On May 28, multiple federal agencies in conjunction with the White House published a Joint Policy Statement that laid out the principles for the further development of future, high-integrity voluntary carbon-credit markets....more
Goods imported into the UK from countries with a lower or no carbon price will face a levy by 2027. On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM)....more
In Short - The Background: As voluntary carbon credits ("VCCs") have grown in popularity, questions about their integrity and quality have arisen for investors and among regulators and lawmakers. For this reason, many have...more
As part of the Fit for 55 Package of the EU Green Deal, the EU Carbon Border Adjustment Mechanism("CBAM"), adopted through Regulation (EU) 2023/956 of May 10, 2023, is considered by the EU institutions as a key tool to become...more
On December 13, 2022, the European Parliament and the Council of the EU reached a provisional agreement on the implementation of the EU Carbon Adjustment Mechanism ("CBAM"), the mechanism designed to complement the European...more
Introduction - On March 25, 2021, the Supreme Court of Canada (the “SCC”) released its decision in Reference re Greenhouse Gas Pollution Pricing Act, upholding the constitutionality of a federal law establishing minimum...more
On March 25, 2021, the Supreme Court of Canada upheld the Greenhouse Gas Pollution Pricing Act (“GGPPA”), which establishes a national pricing benchmark for greenhouse gas (“GHG”) emissions. Reference re Greenhouse Gas...more
Here are six key items to be aware of today concerning FERC Carbon Pricing Policy: 1. FERC issues Policy Statement on carbon pricing. On October 15, 2020, during a FERC webcast technical conference on “Carbon Pricing in...more
En cette période de pandémie mondiale, si les questions de santé monopolisent une grande partie de notre attention, les changements climatiques n’en demeurent pas moins à l’avant-plan des enjeux avec lesquels les...more
While our attention is primarily on health issues during this global pandemic, climate change remains at the forefront of issues being addressed by governments, courts and businesses. This bulletin summarizes some of the...more
On 1 June 2020, the Department for Business, Energy & Industrial Strategy (BEIS) and the devolved administrations published a response to their May \ 2019 consultation on options for carbon pricing in the UK post-Brexit: ...more
The Federal Energy Regulatory Commission (“FERC”) proposed on October 15th a policy statement titled: Carbon Pricing in Organized Wholesale Electricity Markets (“Policy”) See Docket No. AD20-14-000....more
On October 15, 2020, the Federal Energy Regulatory Commission (FERC) issued a proposed policy statement clarifying that it has jurisdiction over rules incorporating state-determined carbon pricing in wholesale electric...more
B&D’s Carbon Markets Roundup covers domestic and international developments related to carbon pricing and related regulatory programs aimed at regulating or reducing greenhouse gas (GHG) emissions. Despite—or perhaps because...more
On August 28, 2020, FERC issued a supplemental Notice of a Commission-led Technical Conference on state pricing for carbon dioxide emissions, commonly referred to as carbon pricing, in FERC-jurisdictional wholesale electric...more
The Federal Energy Regulatory Commission (“FERC”) on Wednesday gave notice of two technical conferences for the Fall of 2020 addressing cutting-edge issues related to the growth of renewable energy in the nation’s wholesale...more
Senior Democrats on the House Energy and Commerce Committee on Jan. 9, 2020, released a comprehensive legislative framework to combat climate change targeting net-zero emissions by 2050. The latest in the series of sweeping...more
With its decision on June 28, 2019, the Ontario Court of Appeal became the second appellate court to conclude that Canada's federal carbon tax regime complies with the Constitution. The Saskatchewan Court of Appeal released a...more
I don’t work in the oil and gas industry. This lede from Bloomberg Environment may not be news to anyone in the industry, but it absolutely blew me away...more
Last year saw significant efforts to either impose a price on carbon or reform existing programs, and in some cases roll those programs back. The Paris Agreement advanced a critical step, but without settling on rules for...more
The New York Independent System Operator (NYISO) recently released a Carbon Pricing Straw Proposal (Proposal) to advance the State’s energy and environmental goals by reflecting the cost of carbon emissions in wholesale...more