UPDATE – Washington’s Q1 auction results lift secondary market prices
Washington’s first quarterly current vintage auction for 2025 settled at the higher end of market expectations, boosting secondary market prices as it steered clear of the threshold required to trigger a reserve sale.
Read MoreVermont leads transportation decarbonisation efforts, overall US progress must gain pace -report
Vermont leads US states working to improve climate outcomes within the transportation sector, but even top performers must accelerate progress to meet decarbonisation targets, according to a report released this month.
Read MoreWCFS credit surplus surges beyond 2 mln in Q3 2024
Net credit surplus under the Washington’s Clean Fuel Standard (WCFS) soared past 2 million in Q3 2024, boosted by record high renewable diesel (RD) credits and the addition of non-metered residential EV charging units for previous quarters.
Read MoreCalifornia’s electricity sector CO2 output hits a new January low
California’s power sector CO2 emissions in January once again set a record low for the month as the share of renewables increased, while natural gas contribution eased.
Read MoreCFTC: Investors build CCA, RGGI length but retreat from LCFS amid regulatory hiccups
Investors built California Carbon Allowance (CCA) and RGGI Allowance (RGA) exposure but exited Low Carbon Fuel Standard (LFS) length on regulatory uncertainty over the week, according to latest figures from the US Commodity Futures Trading Commission (CFTC) on Friday.
Read MoreWCI Markets: CCAs rally in anticipation of regulatory updates, WCA activity subsides into Q1 sale
California Carbon Allowance (CCA) prices continued to rise as market participants hope for announcements on programme updates in the coming weeks, while Washington Carbon Allowance (WCA) values increased on lower volumes heading into the first quarterly auction on Wednesday.
Read MoreNorth American Clean Fuels Markets: Regulatory roadblock pushes LCFS credit prices below $60
California’s Low Carbon Fuel Standard (LCFS) credit prices slid below $60 for the first time this year as uncertainty surrounding the implementation timeline of programme updates continued to weigh on market sentiment, while Canada considered retaliatory tariffs on US biodiesel imports.
Read MorePREVIEW: Potential programme tweaks weigh on Washington’s Q1 auction expectations
Washington’s first quarterly auction for 2025 is largely expected to settle at a discount to secondary market levels, dodging a reserve sale despite fundamentals signalling the need for additional permit supply, as recent policy developments cloud programme outlook.
Read MoreCalifornia carbon management firm to support state’s first net zero cement project
A California oil and gas firm’s CO2 management subsidiary has entered an agreement with a cement manufacturer for what the partners called the state’s first carbon-neutral cement project.
Read MoreUS 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.
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