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Scoop.it!
There's a lot of ideas out there for changing the cap-and-trade program. Here are the highlights. 
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Scoop.it!
Carbon prices are poised to rebound from a three-year slump as European Union member states backed a stopgap plan to reduce a record glut of pollution permits.
PIRatE Lab's insight:
The European Union (EU) has opted to beef up its carbon trading system. Carbon prices are poised to rebound from a three-year decline after the 28-country bloc decided to back a stopgap plan to reduce the number of pollution permits that have flooded the market. As a result, the cost of emitting carbon dioxide may increasemore than 50 percent on average to $10.54 a metric ton by the end of 2014.
Scoop.it!
Guangdong, China's most populous province with more than 100 million people, is to launch a carbon permits market next month that will be the world's second...
PIRatE Lab's insight:
Here is hoping this market will work. But the perpetual issues with lack of transparency and corruption are obvious.
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Scoop.it!
Led by environmentalists and oil companies, California lobbyist employers spent $84.4 million to advocate to officials and influence legislation from July 1 through the end of September. Via pdeppisch
PIRatE Lab's curator insight,
November 10, 2016 2:32 PM
Pretty amazing to see how much more Mr. Steyer spent on efforts to support climate change legislation relative to the Western States Petroleum Association. Yet even that wasn't enough to overcome the anti-cap and trade movement in Sacramento.
Scoop.it!
The program adopts market-based approach to reducing greenhouse gas emissions, and may serve as a prototype for other governments
PIRatE Lab's insight:
A year after the launch of its cap-and-trade program, California formally linked its emissions trading scheme with Quebec’s—enabling carbon allowances and offset credits to be exchanged between participants in the two jurisdictions. The linkage, which marks the first agreement in North America that allows for the trading of greenhouse gas emissions across borders, is designed to escalate the price on the amount of carbon businesses can emit. There is a “potential for this market to serve as an example for other North American subnational jurisdictions to follow if it can prove to be successful,” said Robin Fraser, a Toronto-based analyst with the International Emissions Trading Association.
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