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Friday

15/21

Decarbon Daily - Carbon Pricing, CCUS, & Emissions

Inside this issue

Thank you to the 34 people that signed up this week for Decarbonfuse. I have start-up deep dives, investor profiles, and topical white papers on the schedule for the next three weeks. If you want to get on the schedule, hit reply and I'll set up a brief meeting & introduction. ~Todd

Emissions Trading Systems & Carbon Taxes

In the US, several states and jurisdictions are considering or have implemented an emissions trading system ("ETS") or carbon tax:

  • California CaT. The Cap-and-Trade Program is a key element of California’s strategy to reduce greenhouse gas (GHG) emissions. It complements other measures to ensure that California cost-effectively meets its goals for GHG emissions reductions.

  • Washington CAI. Washington's Climate Commitment Act requires the Department of Ecology to create and implement a cap-and-invest program limiting emissions from covered entities, distributing allowances, and establishing a climate investment account for revenues from allowances. The program will commence on January 1, 2023.

  • TCI-P ETS. The Transportation and Climate Initiative Program (TCI-P) is a historic multi-jurisdictional collaboration to cap and reduce greenhouse gases (GHGs) from the transportation sector and accelerate investments in an equitable, cleaner, and more resilient transportation system for Connecticut and the region. On December 21, 2020, Governor Ned Lamont of Connecticut, Governor Charlie Baker of Massachusetts, Governor Gina Raimondo of Rhode Island, and Mayor Bowser of the District of Columbia signed a Memorandum of Understanding (MOU) agreeing to work to implement TCI-P in their respective jurisdictions.

  • RGGI. The Regional Greenhouse Gas Initiative (RGGI) is a cooperative, market-based effort among the states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont, and Virginia to cap and reduce CO2 emissions from the power sector. It represents the first cap-and-invest regional initiative implemented in the United States.

Latest carbon prices from ETSs around the world

Based on recent data from the International Carbon Action Partnership, carbon prices range from $9.30 in the US to $68.08 in the EU. Higher carbon prices will enable hydrogen, ccus, and other projects secure funding for decarbonization.

  • California-Québec price/tCO2e is USD 23.30 August 18, 2021 from California Air Resources Board
  • EU ETS EUR 58.86 (USD 68.08) October 12,2021 from the European Energy Exchange
  • Republic of Korea KRW 30,100 (USD 25.26) October 10, 2021 on the Korea Exchange
  • New Zealand NZD 64.80 (USD 45.03) October 14, 2021 from Jarden CommTradeNew Zealand
  • Nova Scotia CAD 36.71 (USD 29.49) on June 9,2021 from Nova Scotia, Department of Environment
  • RGGI USD 9.30 on August 9, 2021 from RGGI, Inc.
  • Switzerland EUR 39.25 (USD 45.40) March 10,2021 Schweizer Emissionshandelsregister

Source: ICAP Allowance Price Explore

Inside this Issue

✅ CCUS Deemed ‘Essential’ by Secretary of State at CCUS 2021 Conference
📈 Sproule Sees CCUS Driving ‘Tremendous’ Growth as Carbon Prices Climb
☁️ eBay Commits to Reducing Scope 1 and 2 Carbon Emissions 90% by 2030
💰 Carbon Allowances ETFs Can Help Investors Access a Growing New Market
⚡️ How We Get to 100% Electrical Everything
🔥 Climate Software Startups Are Suddenly A Hot Investment

Articles in this issue

CCUS Deemed ‘Essential’ by Secretary of State at CCUS 2021 Conference

www.gasworld.com
UK Secretary of State Kwasi Kwarteng called carbon capture, utilisation and storage (CCUS) an ‘essential part’ of the UK’s toolkit in the...

Sproule Sees CCUS Driving ‘Tremendous’ Growth as Carbon Prices Climb

www.naturalgasintel.com
Underground carbon disposal has to increase 172-fold to hit the global greenhouse gas (GHG) cleanup target set by the International Energ...

eBay Commits to Reducing Scope 1 and 2 Carbon Emissions 90% by 2030

www.eseller365.com
eBay continues its commitment to climate action by setting an ambitious greenhouse gas (GHG) target approved by the Science Based Targets...

Carbon Allowances ETFs Can Help Investors Access a Growing New Market

www.nasdaq.com
In the recent webcast, Carbon Allowances: An Asset Class That’s Good for the Planet and Your Portfolio, Eron Bloomgarden, partner at Clim...

How We Get to 100% Electrical Everything

www.fastcompany.com
This scenario of replacing everything that uses energy with a zero-carbon solution when it’s retired is called a 100% adoption rate. Toda...

Climate Software Startups Are Suddenly A Hot Investment

news.crunchbase.com
As a serial entrepreneur, Diego Saez Gil is used to pitching ambitious startup ideas and getting turned down. So he was prepared for some...

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