South Dakota Supreme Court reverses lower court decisions on CO2 pipeline
South Dakota’s highest court reversed prior rulings made by two lower circuit courts in support of a major CO2 pipeline construction, jeopardising the project’s development in the state.
Read MoreWCI Markets: CCAs bounce after Q3 auction clear shocks to the downside
California Carbon Allowance (CCA) prices fell to new year-to-date lows following the release of Q3 auction results on Wednesday, recovering through Thursday amidst significant turnover in the secondary market.
Read MoreResearchers urge US industrial carbon utilisation to reach net zero goals
CO2 utilisation can produce goods such as aviation fuels, pharmaceuticals, and concrete, but US federal agencies must develop systems that drive commercialisation and market demand, according to a report mandated by Congress and the Department of Energy (DOE).
Read MoreSpaceX partners with non-profit in launch of methane-detecting satellite
US spacecraft company SpaceX launched a methane-detecting satellite on Friday that aims to track methane “super emitters” in partnership with a greenhouse gas-monitoring non-profit.
Read MoreUS Policy Roundup: California carbon bills struggle to cross the finish line
Numerous bills, including those that address CO2 removals (CDR) and the voluntary carbon market (VCM), have stalled in California’s legislature and do not appear likely to become law before the legislative session ends in August.
Read MoreSpeculators build CCA length, compliance shores up RGGI holdings
Financial entities further built their net long V25 California Carbon Allowance (CCAs) holdings, while compliance demand for RGGI Allowance (RGA) holdings extended for another week as prices surged to new record highs, according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreWCI Markets: CCAs slip amid dampened auction expectations
California Carbon Allowance (CCA) prices moved lower this week in light of the Q3 auction, as traders discussed whether recent feedback submitted to California regulator ARB would be incorporated into the cap-and-trade programme’s formal rulemaking.
Read MoreCanada Growth Fund invests $100 mln in carbon capture company
The Canada Growth Fund (CGF) has allocated $100 mln towards a British Columbia-based carbon capture company, the federal government announced Thursday.
Read MorePREVIEW: July 10 ARB workshop tempers WCI Q3 auction settlement expectations
Market participants expect the upcoming WCI auction on Wednesday to settle at the lowest level in more than a year and at a discount to front-month futures, while analysts forecast a broad range of estimates considering a mix of bearish market sentiment and opportunistic buying from speculators.
Read MoreCalifornia cap-and-trade stakeholders advocate for implementation of programme changes in 2025
Stakeholders were united in calling for California’s ARB to implement changes to the ETS in 2025 rather than 2026, although proponents were divided in support between potential options for allowance budget reductions, according to comments submitted after the regulator’s last informal rulemaking workshop.
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