Policy Updates

Announcement Paves Way for Potential GHG Market Linkages between California, Oregon, Washington and Canadian Province

In a milestone agreement expected to shape climate change policies in a region that ranks as the world’s fifth-largest economy, with an annual GDP of $3.8 trillion, British Columbia, California, Oregon and Washington State signed the Pacific Coast Action Plan on Climate & Energy, a comprehensive and far-reaching strategic alignment aimed at combatting climate change

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Intergovernmental Panel on Climate Change Issues New Assessment

A major international assessment of climate change adopted by 110 governments provides conclusive new scientific evidence that human activities are causing unprecedented changes in the Earth’s climate. Produced by the Intergovernmental Panel on Climate Change (IPCC), established by the World Meteorological Organization and the United Nations Environment Programme in 1988, the report confirms that it

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U.S. and China Agree on Effort to Reduce HFCs

U.S. President Barack Obama and Chinese President Xi Jinping agreed during their first-ever summit June 7-8 in Rancho Mirage, California to work together to phase down hydrofluorocarbons (HFCs) under the Montreal Protocol. HFCs, widely used as refrigerants, do not damage stratospheric ozone but like CFCs and HCFCs, they are powerful greenhouse gases. The U.S., with

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Ministers from the eight Arctic States, including the U.S., called for for taking action “as soon as possible” to phase down hydrofluorcarbons (HFCs) under the Montreal Protocol, as well as taking other actions to reduce black carbon and methane emissions in the Arctic. Noting that such actions “could slow global and Arctic climate change and

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Court Rejects Challenge to California Offset Plan

In a decision expected to be market-positive, on January 28 a California court rejected an effort by environmental groups to invalidate the state Air Resources Board’s (ARB) carbon offset protocols for its greenhouse gas cap-and-trade program. The judge’s decision in the case, which originated last year, reaffirmed ARB’s authority to enact the program. California Carbon

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