California’s “ambitious” climate efforts linked to rising electricity costs in the state -report
Electricity rates in California are among the highest in the US, in part driven by the state’s climate-related initiatives coupled with wildfire-related costs and varying utility structures, according to the state’s nonpartisan agency.
Read MoreWCI Markets: Rocky start to the year for CCAs
Traders scrambled for reasons to explain the start of year weakness in California Carbon Allowances (CCA) as macro risk-off sentiment spread across broader markets.
Read MoreBusiness group challenges EPA approval of California’s stricter emission standards
A US business lobby group this week sued the US EPA over two waivers recently granted to California, one of which allows the state to adopt a set of regulations that would ban the sale of new gasoline vehicles by 2035.
Read MoreOregon EQC approves changes to its clean fuels programme
Oregon’s Environmental Quality Commission (EQC) on Thursday approved proposed changes to the state’s clean fuels scheme, effectively establishing feedstock attestation requirements and a reserve account for carbon capture and sequestration (CCS) projects under the programme, among other updates.
Read MoreBRIEFING: California Diablo Canyon nuclear plant owner supports motion to dismiss lawsuit against US DOE funding
The owner of California’s Diablo Canyon nuclear plant filed a brief earlier this week in support of US DOE’s motion to dismiss an environmental NGO’s case against the agency for approving a $1.1 billion loan to prolong the facility’s operations.
Read MoreUSDA appoints members to its VCM advisory council
The US Department of Agriculture (USDA) on Tuesday announced the appointment of over 30 members to an advisory council for a newly established federal programme that helps rural stakeholders participate in the voluntary carbon market (VCM).
Read MoreCFTC: Producers increase net length across CCA, RGA to wrap up 2024
Producers built their net length for both California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings at the end of 2024, while managed money closed out V24 RGA short positions, data released Monday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreUS EPA hands out additional pollution waivers to California ahead of administration change
The US EPA on Monday issued final notices for its decision to grant California waivers from federal pollution regulations, allowing the state to enforce stricter emission standards under the Clean Air Act (CAA) before President-elect Donald Trump assumes office later this month.
Read MoreCFTC: Both producers and managed money dilute V25s across WCI, RGGI carbon markets
Producers and managed money narrowed their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net V25 length, even as the groups continued to build their open interest (OI) in the vintage year across both markets, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreWashington’s CFS won’t incentivise biomethane investments, industry warns
Dairy industry members were dissatisfied with Washington’s proposed revision to its Clean Fuel Standard (WCFS), arguing that the regulator’s considerations for biomethane fell short of incentivising investment.
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