LCFS Market: California hits $200 to cap year-long surge
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.
Read MoreWashington state omits carbon pricing from new climate package
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.
Read MoreUPDATE – LCFS Market: California diesel benchmark to resume normal schedule in 2019 as prices approach $200
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.
Read MoreLCFS Market: California prices set new record as participants eye $200
California Low Carbon Fuel Standard (LCFS) credits traded at a new all-time high on Wednesday, drawing closer to the $200 mark as traders debated whether or not that level would be breached.
Read MoreCanada’s BC unveils long-term climate strategy aimed at electrification, higher LCFS
British Columbia’s government outlined a long-term climate strategy Wednesday aimed at electrifying its transportation sector, increasing its energy efficiency from buildings, and reducing emissions from its industrial sector.
Read MoreEPA finalizes 2019 volume requirements for RFS programme
The US Environmental Protection Agency (EPA) has rejected calls from refiners to lower its conventional renewable fuel quota from 15 billion gallons in 2019, while finalising a modest 3% increase to its total biofuels requirement for next year, it announced Friday.
Read MoreRINs bounce on news of RFS waiver review
US biofuels credits under the Renewable Fuel Standard (RFS) received a boost on Tuesday after a media report said the Trump administration was temporarily halting the issuance of compliance waivers for an agency review.
Read MoreLCFS Market: California prices tick back up as traders foresee activity increasing
California Low Carbon Fuel Standard (LCFS) prices rose back toward the $190 mark over the past several days, and traders believe more gains could be possible over the last month of 2018.
Read MoreChevron revealed as largest firm to get RFS waiver as 2019 final rule expected
Oil major Chevron earlier this year received a compliance waiver under the US Renewable Fuels Standard (RFS) for one of its facilities, a media report said on Tuesday, as stakeholders await the EPA’s finalisation of the programme’s 2019 blending mandate next week.
Read MoreOregon Clean Fuels Program registers first credit deficit as amendments approved
The Oregon Clean Fuels Program (OCFP) in Q2 saw more deficits than credits generated for the first time in the regulation’s history, data showed, while a state agency approved a minor amendment package to expand eligible credit types.
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