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LCFS Market: California hits $200 to cap year-long surge

Published 18:04 on December 11, 2018  /  Last updated at 01:57 on December 12, 2018  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) prices traded at a record $200 on Monday, breaking through a barrier that had proved elusive even as values skyrocketed throughout 2018, market participants said.

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COP24: Roundup for Tuesday, Dec. 11

Published 10:43 on December 11, 2018  /  Last updated at 02:40 on December 12, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central  /  No Comments

As negotiators at the COP24 Katowice talks are tasked with producing a cleaner version of the Paris Agreement rulebook by Wednesday morning, a clearer picture of the strength of final agreement is expected to emerge.

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Oregon to delay cap-and-trade proposal until January

Published 22:31 on December 10, 2018  /  Last updated at 23:09 on December 10, 2018  /  Americas, US  /  No Comments

Oregon will not unveil language for its proposed cap-and-trade programme until January as officials wait for further analysis about design options, officials confirmed Monday.

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COP24: Canada must double NDC, curb oil output to meet 1.5C target -report

Published 19:42 on December 10, 2018  /  Last updated at 23:46 on December 10, 2018  /  Americas, Canada, Climate Talks, International, US  /  No Comments

The Canadian federal government will need to double its Paris emission pledge to keep global temperatures below 1.5C and curb its fast rising oil and gas emissions, a report said on Monday.

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Washington state omits carbon pricing from new climate package

Published 19:06 on December 10, 2018  /  Last updated at 23:34 on December 10, 2018  /  Americas, RINs & LCFS, US  /  No Comments

Washington Governor Jay Inslee (D) unveiled a climate package on Monday that would implement a low-carbon fuel standard (LCFS) and eliminate fossil fuels from the electricity grid, though it lacked a carbon price after two CO2 tax initiatives failed this year.

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COP24: Roundup for Monday, Dec. 10

Published 16:08 on December 10, 2018  /  Last updated at 23:35 on December 10, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central  /  No Comments

The COP24 climate summit in Katowice, Poland has shifted into high gear this week with the arrival of ministers, taking over from government officials who last week made limited progress on the Paris Agreement rulebook.

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UPDATE – LCFS Market: California diesel benchmark to resume normal schedule in 2019 as prices approach $200

Published 11:54 on December 8, 2018  /  Last updated at 13:58 on December 8, 2018  /  Americas, RINs & LCFS, US  /  No Comments

The carbon intensity (CI) benchmark for diesel-based fuels under the California Low Carbon Fuel Standard (LCFS) will revert back to its normal, more stringent schedule next year after state regulator ARB fulfilled a court order, while credit prices set a new record for the second time this week.

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Second batch of RGGI offsets issued to Maryland project

Published 23:47 on December 7, 2018  /  Last updated at 00:36 on December 8, 2018  /  Americas, US  /  No Comments

A second batch of RGGI offsets have been issued to a Maryland project, the only facility to have received credits under the scheme.

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NYISO outlines final carbon proposal for wholesale power market

Published 21:40 on December 7, 2018  /  Last updated at 00:31 on December 8, 2018  /  Americas, US  /  No Comments

The New York Independent System Operator (NYISO) finalised a proposal Friday that would embed a carbon price in its wholesale electricity market, floating few changes to prior versions of the initiative.

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UPDATE- COP24: Voluntary carbon market explores new claims models for Paris transition era -ICROA

Published 19:50 on December 7, 2018  /  Last updated at 13:29 on December 9, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central, Voluntary Market  /  No Comments

Voluntary market developers are exploring several new options for how to make emission reduction claims in host countries once the Paris Agreement begins and until trade rules are clear, industry group ICROA said Friday.

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