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Virginia board signs off on final RGGI cap-and-trade regulation

Published 21:18 on April 19, 2019  /  Last updated at 21:21 on April 19, 2019  /  Americas, US  /  No Comments

Virginia’s Air Pollution Control Board approved a final cap-and-trade regulation from the state’s Department of Environmental Quality on Friday, bringing the state closer to joining the northeast US RGGI carbon market in Jan. 2020.

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California carbon bull run to continue as financials staking long-term claims -analysts

Published 22:25 on April 18, 2019  /  Last updated at 01:35 on April 19, 2019  /  Americas, Canada, US  /  No Comments

The price surge in California Carbon Allowances (CCAs) over the last month and a half is not likely to fade any time soon as new speculators bet that the WCI programme will tighten in the coming years, according to analysts.

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US Carbon Pricing Roundup for week ending Apr. 18, 2019

Published 21:53 on April 18, 2019  /  Last updated at 01:47 on April 19, 2019  /  Americas, US, Voluntary Market  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including the approval of New York City’s climate bill featuring offsets and a possible carbon market, the launch of Hawaii’s first forest-based offset project, a planned hearing on a revised California offset bill, and movement on a proposal to increase Nevada’s Renewable Portfolio Standard (RPS).

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NA Markets: California allowances retrace before Easter holiday as RGGI stagnates

Published 21:01 on April 18, 2019  /  Last updated at 21:01 on April 18, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices declined during the week as many traders were out of the office, while RGGI allowances (RGAs) failed to budge on the secondary market.

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Virginia GOP efforts to thwart RGGI, TCI entrance seen as unlikely to succeed

Published 22:36 on April 17, 2019  /  Last updated at 01:24 on April 18, 2019  /  Americas, US  /  No Comments

Virginia Governor Ralph Northam is likely to veto Republican budget amendments that would prevent the state from joining the RGGI and Transportation and Climate Initiative (TCI) programmes, a regulatory source said.

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LCFS Market: California futures notch another monthly volume record

Published 22:30 on April 17, 2019  /  Last updated at 01:09 on April 18, 2019  /  Americas, RINs & LCFS, US  /  No Comments

A record amount of California Low Carbon Fuel Standard (LCFS) futures have already traded on ICE just over halfway through April, marking the second consecutive month to set an all-time high.

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Microsoft doubles internal CO2 price, joins conservative climate group

Published 21:37 on April 16, 2019  /  Last updated at 21:37 on April 16, 2019  /  Americas, Carbon Taxes, International, US  /  No Comments

US tech giant Microsoft announced Tuesday that it will nearly double its internal carbon price to further its GHG reduction goals, while also joining a Republican-backed organisation advocating for a nationwide CO2 tax.

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Ontario emissions declined during first year of now-defunct ETS, data shows

Published 21:35 on April 16, 2019  /  Last updated at 21:35 on April 16, 2019  /  Americas, Canada, US  /  No Comments

All three of Ontario’s largest emitting sectors saw their GHG output drop during the first year of the Canadian province’s now-cancelled cap-and-trade programme, according to government data.

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Pennsylvania environmental board approves cap-and-trade petition

Published 17:42 on April 16, 2019  /  Last updated at 19:08 on April 16, 2019  /  Americas, US  /  No Comments

Pennsylvania’s Environmental Quality Board (EQB) on Tuesday approved a green group-led petition to introduce an economy-wide cap-and-trade programme in the state, but the proposal still has several more hurdles to clear before becoming a viable ETS.

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Energy innovation necessary for California to reach 2050 GHG goals -report

Published 21:39 on April 15, 2019  /  Last updated at 22:19 on April 15, 2019  /  Americas, US  /  No Comments

California will not be able to reach its mid-century GHG target without energy innovation taking place in several key sectors, as current technologies will fall short in generating the necessary emission reductions, according to a new report.

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