Close to 70 leading industry companies including power players like international oil company, Neste, to Southern California Edison to Tesla Motors to the Silicon Valley Leadership Group came out in strong support of the cap-and-trade program and its extension to 2030 last week. They reiterated that the program was working well and driving job growth across California. So far insulated from the Trump administration, discussions surrounding the program’s design post-2020 continue to heighten......Full Scoop
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CANADA
For the second consecutive time Ontario’s carbon market has witnessed a fully subscribed auction. The auction, which took place last week, cleared 25,296,367 allowances in the current auction with a subscription ratio of 1.22. The current vintage credits cleared at a settlement price of CAD 18.72, CAD 0.52 above the auction reserve price. The advanced auction also showed positive results with a subscription ratio of over 50% and clearing at at the auction reserve price......Full Scoop
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