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California could account for LADWP plant closures in carbon allocation discussions

Published 22:07 on February 15, 2019  /  Last updated at 22:25 on February 15, 2019  /  Americas, Canada, US  /  No Comments

California’s ARB could amend its carbon allowance allocations to account for the Los Angeles Department of Water & Power’s (LADWP) post-2020 power plant closures, as the state agency also looks to adapt ETS regulations to account for higher Renewable Portfolio Standard (RPS) targets, sources said.

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Washington LCFS stakeholders bracing for oil pushback as bill clears second committee

Published 22:02 on February 15, 2019  /  Last updated at 22:02 on February 15, 2019  /  Americas, RINs & LCFS, US  /  No Comments

The oil industry is expected to mount an opposition campaign against a Washington state proposal to enact a low-carbon fuel standard (LCFS) that is currently advancing through the legislature, stakeholders said Friday.

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US Carbon Pricing Legislative Roundup for week ending Feb. 15, 2019

Published 20:47 on February 15, 2019  /  Last updated at 22:33 on February 15, 2019  /  Americas, Carbon Taxes, US  /  No Comments

A summary of legislative action on carbon pricing and clean energy bills at the US state level taken this week, including Virginia Republicans’ move to block a RGGI linkage, carbon pricing developments in New York, and the defeat of a carbon tax bill in Montana.

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RGGI should force New Jersey to aim higher in emissions goals, stakeholders argue

Published 22:40 on February 14, 2019  /  Last updated at 22:40 on February 14, 2019  /  Americas, US  /  No Comments

RGGI should push New Jersey regulators to adopt a more stringent 2020 cap to prevent the state from watering down the effectiveness of the northeast US carbon market, according to public comments.

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NA Markets: RGGI prices fall sharply as WCI trade continues to languish

Published 18:09 on February 14, 2019  /  Last updated at 23:12 on February 14, 2019  /  Americas, Canada, US  /  No Comments

RGGI prices fell by double digits this week as traders took a more bearish near-term view, while California CCA prices continued to stagnate ahead of the WCI market’s auction next week.

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Climate Action Reserve launches mitigation programme based on forecasted emissions reductions

Published 22:59 on February 13, 2019  /  Last updated at 01:57 on February 14, 2019  /  Americas, Canada, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Companies will be able to show emission mitigation efforts for future economic developments under a new programme launched Wednesday by California-based offset registry Climate Action Reserve (CAR), a departure from traditional offset activities that award credits after achieving reductions.

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California issues nearly 425k offsets as forestry projects net majority

Published 22:39 on February 13, 2019  /  Last updated at 01:47 on February 14, 2019  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California regulator ARB issued nearly 425,000 California Carbon Offsets (CCOs) this week, with a majority of the credits going to two existing forestry offset projects.

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Industries seeking greater allowance allocations, looser offset rules in Oregon ETS

Published 23:22 on February 12, 2019  /  Last updated at 02:28 on February 13, 2019  /  Americas, Canada, US  /  No Comments

Emissions-intensive, trade-exposed (EITE) industries are seeking greater free allowance allocations than currently floated under Oregon’s proposed cap-and-trade programme, while the agricultural sector is advocating for more cost protections and less onerous offset restrictions, according to written comments.

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LADWP to close three California natural gas-fired plants by 2029

Published 21:42 on February 12, 2019  /  Last updated at 21:42 on February 12, 2019  /  Americas, Canada, US  /  No Comments

The Los Angeles Department of Water and Power (LADWP) will phase out three natural gas-fired power plants by the end of the next decade as the city works toward its 100% renewable energy goal, city officials announced Tuesday.

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Massachusetts surplus grows as state allocates 610k GWSA credits

Published 22:51 on February 11, 2019  /  Last updated at 23:21 on February 14, 2019  /  Americas, Carbon Taxes, US  /  No Comments

The Massachusetts Department of Environmental Protection (MassDEP) allocated an additional batch of carbon permits for the state’s Global Warming Solutions Act (GWSA) market earlier this month, adding length to the newly created programme.

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