Clearly, the Ontario government, with its commitment to move Ontario out of the cap-and-trade system, has moved from threat to action. Everything is now in the legislative stage and it goes without saying that some players will be losing greatly in the process (fuel distributors among others). The amount of compensation is not yet known, […]
Nowadays, a bipartisan coalition is rare fact at Capitol Hill. However, it seems that two former Republican and Democratic senators have joined efforts in proposing a simple and innovative approach to climate change : collect from large emitters and redistribute directly to taxpayers. Read Stephen Schmidt‘s full article in PRI.ORG, here.
The federal carbon pricing backstop (20$ per ton of CO2 equivalent), to be imposed starting January 2019 to any province that doesn’t implement an effective form of carbon pricing to reduce its GHG emissions, hasn’t convinced the premiers of Saskatchewan and Ontario. On the other end of the spectrum, British Columbia and Quebec seem to disagree, […]
Let’s face it ! China is by far the largest GHG emitter in the world (supplanting the US), due mostly to the country’s booming economy and its reliance for energy on coal, the most polluting form of fossil fuels. New data seems to indicate that China’s emissions fell substantially between 2013 to 2016. Is this hope […]
CO2 Solutions Inc. announces the arrival of Hydro-Québec to the Valorisation Carbone Québec (“VCQ”) project as a service provider partner. As a partner, Carbon Consult Group is proud to see such a serious partner such as Hydro-Québec join the most comprehensive and ambitious CO2 capture and use project in the world. The VCQ project continues […]
As pressure grows to account for risks associated with climate change, Europe’s largest banks are unveiling plans to lend and manage money in greener ways. “ The intention is to adapt our balance sheet to climate transition, so clearly we want to have a change in our business mix. ” said Louis Douady, head of corporate […]
One of largest contributor to GHG worldwide is engaging in combatting climate change. The World Cement Association (WCA) involves the largest carbon dioxide emitters on the planet. It single-handedly accounts for about 7 percent of all global carbon emissions, according to estimates from the International Energy Agency (IEA). That makes it the second-largest single industrial […]
During its 39th Assembly, the ICAO Council has adopted the Carbon Offsetting and Reduction Scheme for International Aviation, or (CORSIA) ; a first for any global industry sector. The adoption of CORSIA Standards and Recommended Practices complements other elements in the basket of measures including the enhancement of air navigation efficiency, the adopted aircraft CO2 certification standard and the long-term vision on the use […]
California and Quebec closed the common carbon market in Ontario, preventing companies from dumping $ 2.8 billion in emissions quotas following the announcement by Premier Doug Ford to end the Provincial Cap and Trade System. Read Shawn McCarthy‘s full article in the Globe and Mail here.
Ice sheets in Antarctica hold a tremendous amount of water. If they were to melt entirely the global sea level would rise by 58 meters (almost 200 feet). Needless to say that the rate at which ice sheets melt is crucial for coastal infrastructures, and the cost associated with such a disastrous scenario would be […]