US RNG industry pushes for more robust federal tax incentives
Tax incentives for clean fuels and hydrogen production in the US do not adequately support Renewable Natural Gas (RNG) growth, according to an industry expert.
Read MoreWashington lawmakers seek to solidify farm fuel exemption requirements under CCA
A bipartisan group of Washington legislators this month introduced a bill to direct the state’s Department of Energy (ECY) to establish reporting requirements for the sale of exempt fuels used for agricultural purposes under the Climate Commitment Act (CCA).
Read MoreCFTC: CCA, WCA, LFS driven by legislative certainty amidst regulatory uncertainty
A mixture of legislative certainty and regulatory uncertainty drove investor sentiment across California Carbon Allowance (CCA), Washington Carbon Allowance (WCA), and Low Carbon Fuel Standard (LFS) futures and options holdings, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: ETS extension optimism fuels CCAs higher, WCA programme tweaks spur a rally
Optimism from the start of discussions to extend cap-and-trade post 2030 supported California Carbon Allowance (CCA) prices higher after a sub-$30 auction result mid-week, while Washington Carbon Allowances (WCAs) reversed higher as lawmakers deliberated programme modifications.
Read MoreBRIEFING: Affordability takes centre stage in California’s cap-and-trade reform, extension deliberations
Experts nudged policymakers to prioritise tangible benefits for California consumers to address affordability concerns as they consider the state’s cap-and-trade scheme revisions and reauthorisation beyond 2030.
Read MoreWCI Markets: Traders unfazed as Q1 auction settles sub-$30, lowest in two years
The Q1 California-Quebec current vintage carbon auction settled in line with secondary market prices and market expectations for a sub-$30 clear, even as California Carbon Allowance (CCA) futures had already moved higher post sale in anticipation of the start of programme extension discussions.
Read MoreBRIEFING: CDR success hinges on improved, transparent MRV efforts -panellists
The CO2 removal (CDR) industry needs rigorous measurement, reporting, and verification (MRV) measures with government backing to attract long-term buyers and support climate goals, panellists said at a webinar Tuesday.
Read MoreUS EPA confirms year-round E15 use in eight Midwest states
The US EPA on Friday reaffirmed it would allow year-round sales of E15 – gasoline blended with 15% ethanol – across eight states beginning late April.
Read MoreBills against CO2 pipelines gain traction in South Dakota
As a major CO2 pipeline developer awaits a construction permit in South Dakota, state legislators made progress with efforts to halt such initiatives until federal regulations are in place.
Read MoreBRIEFING: California’s ETS reauthorisation hinges on predictable carbon price outcomes, not cutting emissions -panellists
Clarifying goals for disbursing California’s cap-and-trade auction funds, mitigating impacts of higher allowance prices, and addressing affordability concerns were strategies to secure legislative reauthorisation and programme extension post 2030 rather than focusing on an emissions cap, panellists discussed on a webinar Thursday.
Read More