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Tuesday, June 14, 2011
Ohio PM2.5, SO2 and NOx ERC Auction -
On behalf of Biomass Group LLC, CantorCO2e, LP is pleased to announce the auction of Ohio PM2.5, SO2, and NOx Emission Reduction Credits (ERCs). This sealed bid auction will be held on June 30, 2011.  The link below will allow you to access all the relevant Auction documents, including: Documents: - Biomass Authorization Signature (http://www.cantorco2e.com/uploadDocs/Biomass_-_Authorization_Signature_-_C.pdf) - Biomass ERC Bid Form (http://www.cantorco2e.com/uploadDocs/Biomass_-_ERC_Bid_Form_-_D.pdf) - Biomass ERC Certificate Attachment (http://www.cantorco2e.com/uploadDocs/Biomass_-_ERC_Cert-Attachment_A.pdf) - Notice of Intent to Auction (http://www.cantorco2e.com/uploadDocs/Biomass_-_Notice_of_Intent_to_Auction.pdf) - Notice of Intent to Bid - (http://www.cantorco2e.com/uploadDocs/Biomass_-_Notice_of_Intent_to_Bid_-_B.pdf) For further information you may contact Jonathan Longhitano directly at 212-829-5460 Click here to view this email online. [http://www.cantorco2e.com/myCantorCO2e/Auctions/]
Monday, June 13, 2011
States: California Moves Forward on Cap & Trade Rules after New Court Ruling -

The California Courts of Appeal (CA) has formally allowed the California Air Resources Board (CARB) to continue implementing its economy-wide cap and trade program while it reviews the agency’s appeal of the order issued by the lower California Superior Court to stop work on the cap and trade program. When CARB first filled its appeal of the lower court decision two weeks ago, that action triggered an automatic stay by the higher court of the lower court’s decision.  The higher court affirmed that stay, giving the parties until June 20th to object to the decision.

Monday, June 13, 2011
States: CARB Issues Revised Alternatives Analysis That Supports Cap and Trade Rule -

Today the California Air Resources Board (CARB) issued its revised CEQA alternatives analysis, called a “functional equivalent document” (FED), required by the recent San Francisco Superior Court Decision. CARB’s board will vote on the FED on August 24 after a public review period. While the lower court’s demand for a revised FED has been temporarily stayed, CARB is taking a “two pronged strategy” of preparing a revised FED while appealing the lower court’s decision.

Monday, June 13, 2011
States: CARB to Issue Draft “15 Day Rule Changes to Cap and Trade Rule in 2 Weeks -

As part of its rapid gear up to achieve a January 1, 2012 start date for Cap and Trade, CARB convened a teleconference recently to preview its proposed “15-day rule changes” for its cap and trade program as it races forward to its planned launch date in six months.  CARB previewed such controversial issues as offset “buyer liability” and recognizing early action.

Monday, June 13, 2011
States: U.S. EPA Exempts California Power Plant from GHG Emissions Regulations -

A California natural gas-fired power plant in California’s San Joaquin Valley has been exempted by the EPA from its newly-established GHG emission regulations, commonly known as the “Greenhouse Gas Tailoring Rule.” EPA has decided to grandfather a small number of power plant projects across the country that were caught halfway through their permitting process by the new rules for GHGs, NOx and SO2.

Monday, June 13, 2011
States: Virginia Supreme Court to Decide if Insurers Pay for Climate Change -

The Supreme Court of Virginia will decide on whether insurers must pay for damages due to climate change in the case AES Corp. v. Steadfast Insurance Co.

Monday, June 13, 2011
States: Lawsuits Launched in 50 States to Force Government Action on Greenhouse Gasses -

Our Children’s Trust, an environmental group based in Oregon, has launched petitions for government action on climate change in all 50 states.  The unconventional legal approach has gained traction in some states.

Monday, June 13, 2011
States: New Jersey Sets its 2021 RPS Target at 22.5% -

On the heels of his withdrawal from RGGI, Governor Christie announced that New Jersey would formally establish the 2021 Renewable Portfolio Standard (RPS) target at 22.5%.  Christie was criticized for dropping the 2021 from 30% to 22.5%, but the 30% goal was never in law or regulation.  It was simply a proposal in the state’s last Energy Master Plan.  The actual RPS goal always called for 22.5% by 2021.

Sunday, June 12, 2011
National: U.S. Supreme Court Poised to Rule on “Nuisance” GHG Lawsuits – Implications for EPA GHG Tailoring Rule -

The U.S. Supreme Court has started issuing decisions on the cases it heard during this year's session and will likely issue its decision on the landmark GHG nuisance lawsuit in three weeks.  The case, American Electric Power v. Connecticut,” had states and land trusts sued major power plant companies to reduce their greenhouse gas emissions.

Sunday, June 12, 2011
National: EPA Postpones Greenhouse Gas NSPS Rules for Two Months -
EPA will have two more months to propose new greenhouse gas rules for power plants as a result of an agreement with states and environmental groups.
Sunday, June 12, 2011
National: Corporate GHG Data Reported to EPA Will Not be Confidential -
EPA has announced its decision that industrial GHG emissions data and calculations reported under federal mandatory reporting requirements will not be considered confidential business information (CBI).  However, the agency did not finalize confidential business information determinations for data that are inputs to emission equations.
Sunday, June 12, 2011
Regional: WCI Releases Draft Recommendations for Carbon Offset System Process -
The Western Climate Initiative (WCI) Offsets Committee has released its draft recommendations for the requirements and process of offset project review and approval and credit creation for the regional emissions trading program.  We provide a summary of the recommendations.
Sunday, June 12, 2011
National: Final GHG Rule for Large Trucks Under Review at White House -

On June 6, the EPA sent its final tailpipe rule to establish greenhouse gas emissions limits for medium- and heavy-duty trucks to the White House Office of Management and Budget.  This first-of-its-kind rule builds upon the automobile and light duty truck GHG rule that EPA finalized last year.

Sunday, June 12, 2011
National: USDA Funds Agricultural GHG Reduction Projects in 24 States -

The U.S. Department of Agriculture issued $7.4million in grants to fund nine large-scale greenhouse gas mitigation projects in24 states through U.S. Department of Agriculture's Conservation Innovation Grants (CIG).   USDA’s program is intended to test and verify GHG reduction methods and to measure how much farmers and landowners could earn in emission-reduction credits.

Sunday, June 12, 2011
Regional: Future of RGGI Debated in New Hampshire Following New Jersey Withdrawal -

Following the expected withdrawal by New Jersey Governor Chris Christie (R) from the Regional Greenhouse Gas Initiative (RGGI), the New Jersey Legislature is evaluating ways to override the Governor’s decision.  In the mean time, the New Hampshire Legislature votes to depart while the Governor threatens a veto. 

Sunday, June 12, 2011
International: EU ETS Bans Industrial Gas Credits -

In an expected move, beginning January 1, 2013, the European Union Emissions Trading Scheme (EU ETS) will no longer accept N2O or ODS credits which make up over 70% of CERs issued in the ETS and over 25% of ERUs issued.

Sunday, June 12, 2011
International: Korea Cap Moves Forward with Cap and Trade Legislation -
A new bill introduced in Seoul details plans for a South Korean cap and
trade program
Thursday, June 2, 2011
State of the Voluntary Carbon Market Report -
State of the Voluntary Carbon Market Report Good Morning, Below is the link to the annual "State of the Voluntary Carbon Market" report.  This report is put out by Ecosystems Marketplace, and is usually informative and fairly accurate.  Let me know if you have any questions. http://www.forest-trends.org/documents/files/doc_2828.pdf Best Regards, Jon Stack CantorCO2e jstack@cantorco2e.com  
Friday, May 20, 2011
California: State Lower Court Issues Ruling on Cap & Trade -

This afternoon the California Superior Court of San Francisco, issued its long awaited decision on a challenge to the state’s Cap and Trade Rule. The decision is so recent, legal experts are still analyzing its impact. The judge’s final decision, or “Writ of Mandate,” was not as harsh as the draft released two months ago by the court.  In contrast, the judge’s final decision focused only on cap and trade and procedural aspects, not the larger greenhouse gas program as originally proposed in the draft decision. Legal experts viewed the draft decision as an administrative speed bump, but not a significant barrier for the state to move forward with cap and trade on time. We have a synopsis of the decision and a preliminary assessment.

Monday, April 11, 2011
You're Invited to Our Reception This Thursday in Hollywood -
Please join us at an exclusive gathering of leading carbon professionals for cocktails, hors d'oeuvres, and conversation on Thursday, April 14, 2011, 6:30 - 9:30 pm at the Point Carbon 2011 "Navigating the American Carbon World" Conference. This invitation-only event will be held at an exclusive patio bar with a view of the Hollywood hills next to the conference’s Renaissance Hotel (location details will be provided to confirmed guests). Register Here [http://www.cantorco2e.com/register/events/]
Wednesday, April 6, 2011
Breaking: US Senate Upholds EPA Authority on Climate Regs -
A few minutes ago, the US Senate blocked conservative efforts to stop EPA’s greenhouse gas regulation. As a result of this vote, EPA will continue implementing its controversial climate change rules. While the GOP is still trying to temporarily stop EPA rulemaking in the appropriations process, today’s failure to muster 50 votes is a strong signal that any budget bill attempting to stop EPA will fail. In addition, today’s Senate vote will put pressure on the wavering Obama administration to follow through on its veto threat of any budget bills with policy riders blocking climate change rules.
Wednesday, April 6, 2011
California: CARB quietly tightening up Carbon Allocation Mechanisms -
In a move that will further limit free allocation of carbon allowances for facilities in California’s cap and trade program, the agency is quietly tightening up their allocation mechanisms for industry by using CA-based product efficiency data -- instead of the more lenient nationwide efficiency data – for its allocation benchmarking methodology. Because CARB is currently prohibited from formal rulemaking or workshops under recent litigation, the agency has been talking to individual industrial facilities and is using the more stringent methodology.
Monday, April 4, 2011
NACW Conference - LA April 13-15 - Hope to see you -
NACW Conference - LA April 13-15 - Hope to see you Hello, I just wanted to reach out to you to see if you will be attending next week's Point Carbon/CAR - Navigating the American Carbon World Conference in Los Angeles.  I always find that these conferences are a great time to meet people and put faces to names, share carbon stories (frustration, milestones, etc), and maybe even grab a beer or coffee.  Please let me know if you will be around, and if you can take a few minutes to meet up. Also, CantorCO2e is putting together a cocktail party with Hunt and Williams on Thursday night, so please let me know if you have not received an invitation and I will get one out to you. I look forward to seeing you.   Jonathan K Stack CantorCO2e, LP Carbon and Renewable Energy Markets 105 Mad River Green, Suite 11 Waitsfield, VT  05673   p - 1-800-228-2955 ext. 11 d - 802-496-5510 c - 914-319-3082 AIM - jonkstack www.cantorco2e.com  
Thursday, March 31, 2011
California: AB 32 Settlement Talks between State & EJ Groups Fail – State to Appeal -
Today, the environmental justice groups suing CARB to revise its AB 32 program announced that efforts to reach a settlement had failed with the state of California. While the environmental groups characterized this development as the “climate law implementation to halt,” CARB is pursuing Plan B: quickly appealing the lower court’s decision.
Thursday, March 31, 2011
National: Rumors Swirl of Obama Yielding to Congress on EPA GHG Regulation -
An Associated Press article from Wednesday night created controversy over a reported claim that the White House had told the Congressional Black Caucus that it would allow Congress to limit EPA GHG regulation in order to reach an agreement on this year’s federal budget.
Thursday, March 31, 2011
National: U.S. Senate Vote to Limit EPA GHG Regs Postponed to Next Week -
As a result of a procedural entanglement and ongoing negotiations between Democrat and Republican Senate leadership, the vote on as many as four amendments to limit EPA’s carbon regulation has been rescheduled from today to next week.
Monday, March 21, 2011
Superior Court Issues AB 32 Scoping Plan Final Ruling -
Judge's tells CARB to fix the Functional Equivalency Document. Implementation delay likely. Market remains strong.
Friday, March 18, 2011
You're Invited to Our Reception during the 2011 Navigating the American Carbon World Conference in Hollywood, California -
Please join us at an exclusive gathering of leading carbon professionals for cocktails, hors d'oeuvres, and conversation on Thursday, April 14, 2011, 6:30 - 9:30 pm at the Point Carbon 2011 "Navigating the American Carbon World" Conference. This invitation-only event will be held at an exclusive patio bar with a view of the Hollywood hills next to the conference’s Renaissance Hotel (location details will be provided to confirmed guests). Register Here [http://www.cantorco2e.com/register/events/]
Tuesday, March 15, 2011
States: California Judge to Finalize Decision on Cap and Trade Lawsuit -
Some legal experts think today is the deadline for a California Superior Court Judge to make his final ruling on CARB's greenhouse gas Cap and Trade program. However, one of the plaintiffs does not believe the judge has a deadline. CARB was sued by the Association of Irritated Residents, and the court tentatively ruled that CARB had violated the California Environmental Quality Act (CEQA) for not considering alternatives to its cap and trade rule.
Tuesday, March 15, 2011
States: Federal Lawsuit on California Cap and Trade on the Horizon? -
In a separate legal development, CantorCO2e is hearing from many sources that power generators are planning to sue CARB on Constitutional grounds in federal court system that the state’s cap and trade rule violates the Commerce Clause of the U.S. Constitution.
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