Pennsylvania governor keeps mum on pursuing cap-and-trade recommendations from RGGI working group

Published 21:57 on September 29, 2023  /  Last updated at 21:57 on September 29, 2023  / Bijeta Lamichhane /  Americas, US

A working group convened by Pennsylvania Governor Josh Shapiro (D) released its final memorandum Friday detailing recommendations for cap-and-trade in the Keystone State, though the Commonwealth leader did not provide any information regarding his plans to implement the advice.

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California ARB board meeting weighs in on tighter LCFS targets as dairy, aviation industry representatives voice concerns

Published 07:09 on September 29, 2023  /  Last updated at 13:43 on September 29, 2023  / Bijeta Lamichhane /  Americas, RINs & LCFS, US

California regulator ARB provided updates on major considerations for its upcoming Low Carbon Fuel Standard (LCFS) rulemaking at a non-voting Board meeting on Thursday, as commenters offered input on the regulator’s carbon intensity (CI) reduction targets and raised concerns about avoiding methane crediting and jet fuel emissions.

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WCI Markets: CCAs, WCAs fall for second week in a row amidst wider uncertainty

Published 22:02 on September 28, 2023  /  Last updated at 22:02 on September 28, 2023  / Bijeta Lamichhane /  Americas, Canada, US

California Carbon Allowances (CCAs) waned for the second week in a row in both price and volume as wider macroeconomic issues and market dynamics clouded trading, while Washington Carbon Allowances (WCAs) also continued their drop over the same period with a sense of distrust in the young cap-and-trade system persisting.

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California power emissions continue to recede through August

Published 21:16 on September 27, 2023  /  Last updated at 21:16 on September 27, 2023  / Bijeta Lamichhane /  Americas, Canada, US

California electricity sector CO2 output maintained its 10-year decline through August, as the share of renewables and hydroelectricity continued to climb while imports decreased compared to 2022 levels, according to data published Wednesday.

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Singapore aims to address coal power emissions with a new asset class of carbon credits

Published 20:06 on September 26, 2023  /  Last updated at 20:06 on September 26, 2023  / Bijeta Lamichhane /  Asia Pacific, International, Nature-based, Other APAC, Voluntary

The central bank of Singapore and a leading consulting firm jointly released a working paper on Tuesday that proposed a new asset class of carbon credits to accelerate the early retirement of coal-fired power plants (CFPPs).

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RGGI Market: RGAs stagnate as reactions vary to Third Program Review meeting materials

Published 21:04 on September 25, 2023  /  Last updated at 21:04 on September 25, 2023  / Bijeta Lamichhane /  Americas, US

RGGI Allowance (RGA) values remained unchanged from their year-to-date highs over the past week, as market participants expressed mixed sentiments to the release of materials published in advance of the next Third Program Review meeting.

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Speculators discard California carbon and RGGI net length, WCA holdings data becomes available

Published 23:06 on September 22, 2023  /  Last updated at 23:06 on September 22, 2023  / Bijeta Lamichhane /  Americas, Canada, US

Financial players pared back their California Carbon Allowance (CCA) and RGGI Allowances (RGGI) net length over the week, as Washington Carbon Allowance (WCA) futures and options holdings became available for the first time, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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California introduces international initiative to address methane emissions

Published 22:14 on September 21, 2023  /  Last updated at 23:48 on September 21, 2023  / Bijeta Lamichhane /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Other APAC, South & Central, US

California on Wednesday announced an international climate initiative targeting methane reduction and mitigation, as seven signatories from six countries participated in the launch event at New York Climate Week.

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Massachusetts September GWSA auction sees significant price decline

Published 23:45 on September 19, 2023  /  Last updated at 23:45 on September 19, 2023  / Bijeta Lamichhane /  Americas, US

Massachusetts’ power sector Global Warming Solutions Act (GWSA) auctions for current as well as future vintages settled at the lowest level since March 2022, while offered volume remained the same as this year’s Q3 sale, according to results published Tuesday.

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Carbon credit provider expands network, extends partnership to sustainable aviation alliance

Published 22:32 on September 18, 2023  /  Last updated at 23:48 on September 18, 2023  / Bijeta Lamichhane /  Aviation/CORSIA, International, Voluntary

A climate platform and software provider announced its expanded network of partners on Monday, including its first-ever aggregator partnership with a sustainable aviation fuel (SAF) alliance.

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