Advisors call on Oregon to clarify offset use, credit eligibility in climate protection scheme
Oregon’s Department of Environmental Quality (DEQ) must address existing ambiguity surrounding compliance instruments under the Climate Protection Program (CPP), including the use of offset projects, as well as a new emissions cap, an advisory committee told the agency Tuesday.
Read MoreCompliance players build length across North American carbon markets, speculators book V24 profits
Compliance entities have added to their holdings across North American carbon markets, while managed money continue to reduce vintage 2024 positions in most schemes in favour of longer-dated California Carbon Allowances (CCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreWCI Markets: CCAs edge down as Q2 auction nears, Washington’s scheme remains muted
California Carbon Allowance (CCA) prices showed signs of retreat heading into the Q2 auction despite amassing weekly gains, while Washington Carbon Allowances (WCAs) fetched higher prices on limited market activity.
Read MoreBiotech firm, gas producer call for ramp-up of CI stringency in California LCFS scheme
California must significantly ramp up the proposed carbon intensity (CI) target under its Low Carbon Fuel Standard (LCFS) to rid the market of its surplus, according to submissions to the market regulator’s ongoing stakeholder consultation process.
Read MoreUS Policy Roundup: Colorado cap-and-trade legislation runs out of time, some Western US states adopt CCS policy
Lawmakers in Colorado failed to implement a cap-and-trade programme as this year’s legislative session approaches its end on Wednesday, although the state joined its Western US neighbours in advancing several carbon capture and storage (CCS) bills.
Read MoreAlabama legislature approves CO2 capture bill addressing geologic storage
A bill that lays out provisions for geologic carbon capture and storage (CCS) in Alabama passed the legislature last week, and is now headed to the governor’s office to be signed into law.
Read MoreNew Jersey lawmaker introduces cap-and-trade bill to regulate state’s non-power emissions
A New Jersey legislator introduced a bill this week that would direct the state’s Department of Environmental Protection (DEP) to implement a cap-and-trade programme to cover most greenhouse gas emissions not regulated under RGGI.
Read MoreCFTC data reveals largest RGGI drawdown for producers so far this year
Compliance entities slashed RGGI Allowance (RGA) holdings and net length in California Carbon Allowances (CCA), while managed money built positions across longer-dated North American carbon market vintages, data from the US Commodity Futures Trading Commission (CFTC) on Friday showed.
Read MoreOpposition towards avoided biomethane crediting under California’s LCFS persists
Ending factory farm biogas crediting under California’s Low Carbon Fuel Standard (LCFS) is a top priority for a large share of the stakeholders commenting on a proposed amendment package for the scheme.
Read MoreWCI Markets: CCAs pushed lower, WCAs driven up on low volume
California Carbon Allowance (CCA) prices trickled lower through the week as traders said option strategies were driving wide day ranges, while Washington Carbon Allowances (WCA) rose on ongoing muted activity.
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