1 result — Climate Insights Directory

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intitle:: The document title intitle:"climate education"
ispublisher:: The publishing organization ispublisher:CAPE
insummary:: Summary and key findings insummary:"conflict of interest"
hasconcept:: Climate tags, frame/perspective and analysis type hasconcept:"Climate Justice"
geography:: Regions the document covers or discusses geography:Canada
doctype:: Document type doctype:report
lang:: Document language, as an ISO code lang:fr
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1 result

DateDocumentOrganization and typeRegions

December 2017
OVERSUPPLY GROWS IN THE WESTERN CLIMATE INITIATIVE CARBON MARKET
The report finds that the Western Climate Initiative (WCI) carbon market, comprising California, Quebec, and Ontario, is experiencing significant oversupply. This surplus, estimated at 270 million metric tons (MMT) through 2020, is driven by economic factors, renewable energy innovation, and the 2009 recession. Because allowances can be banked, this oversupply threatens to undermine the 2030 climate targets by effectively raising future emission caps. The author recommends that WCI jurisdictions adjust future caps downward by an amount equal to the privately held allowances banked by the end of 2020, citing the success of the Regional Greenhouse Gas Initiative (RGGI) in using a similar approach.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Themes: emission trading greenhouse gas emissions carbon price greenhouse gas emissions reduction carbon offset
+2 more
renewable energy Grid decarbonization
Energy Innovation
Document type: Report
Regions: California Quebec Ontario

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