California lawmaker moves to extend state’s cap-and-trade scheme beyond 2030
A California legislator has formalised intent to reauthorise the state’s cap-and-trade programme ahead of the Friday deadline for 2025 bill introductions.
Read MoreCalifornia diesel, gasoline sales and emissions dwindle in November
California diesel consumption in November fell to the second lowest level thus far in 2024, while gasoline volumes dropped month-over-month (MoM) even as retail gas prices continued to decline, state data published this week showed.
Read MoreCFTC: Investors boost CCA holdings again ahead of Q1 auction but pull back in RGGI, LCFS
Financial players continued to add to their net length in California Carbon Allowances (CCAs) leading up to the Q1 auction, but reduced their exposure in the RGGI and Low Carbon Fuel Standard (LCFS) markets, according to latest figures from the US Commodity Futures Trading Commission (CFTC) released Friday.
Read MoreWCI Markets: LCFS continues to stir CCA pot post auction
After hours complications from stalled regulatory updates of the Low Carbon Fuel Standard (LCFS) continued to whiplash California Carbon Allowance (CCA) prices into and post the first quarterly permit sale mid-week, while lawmakers introduced amendments to Washington’s ETS, stirring debate on the programme’s emissions targets and impacts on affordability.
Read MoreNorth American Clean Fuels Markets: LCFS credit prices plummet amid regulatory disapproval
California Low Carbon Fuel Standard (LCFS) credit prices plunged on Wednesday after regulator ARB announced that the state administrator had rejected programme updates, casting uncertainty over the implementation timeline of changes.
Read MoreBRIEFING: Collaboration between cities vital to accelerate CDR deployment -experts
Shared knowledge and strategies between cities can serve as a crucial tool for advancing CO2 removal (CDR) efforts to deliver a gigatonne-scale impact, experts said at a webinar Tuesday.
Read MoreCFTC: CCA price slump draws in investors, RGAs shelved
Investors continued to build net length in California Carbon Allowance (CCA) as futures prices reversed mid-week ahead of the first quarterly permit sale, while traders reduced RGGI exposure amidst US-Canada tariff uncertainty, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreBRIEFING: Budget strains elevate concerns for California ARB’s environmental justice advisors
Statewide budget cuts in California raised concerns about the state’s ability to fulfill its environmental justice obligations at a joining meeting between regulator ARB and its advisory body on Thursday.
Read MoreWashington proposes ODS protocol revisions under cap-and-invest scheme
The Washington Department of Ecology (ECY) on Wednesday proposed amendments to the Ozone Depleting Substances (ODS) protocol under the cap-and-trade offsets rule, which the agency said would increase project variety within the programme.
Read MoreBusiness groups press US EPA to grant Texas primacy over CCS projects
Business organisations on Tuesday wrote to the US EPA asking the agency to expedite its review of Texas’ Class VI primacy application to support the state’s carbon capture and storage (CCS) projects.
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