BRIEFING: Non-profits sue California ARB for approving LCFS amendments over environmental concerns
A group of non-profits this week sued California regulator ARB for its recent approval of amendments to the Low Carbon Fuel Standard (LCFS), alleging that the agency overlooked the regulation’s environmental harms.
Read MoreWCI Markets: Battle into year-end drives CCA volatility, WCAs stagnate
A battle for year-end positions in a thinning market heading into Christmas holidays pushed around California Carbon Allowances (CCA) futures through option expiry earlier in the week, while traders mostly expect Washington Carbon Allowances (WCA) to stagnate until the start of 2025.
Read MoreBRIEFING: California watchdog delays annual report draft to align member views
California’s carbon market watchdog postponed its draft 2024 annual report to early January to integrate committee input, as a Wednesday meeting heard divergent views on language related to offsets and carbon management.
Read MoreUS EPA makes case for proper venue in small refinery exemptions lawsuit
The US EPA this month requested the nation’s highest court to transfer a case on small refinery exemptions under the Renewable Fuel Standard (RFS) to the DC Circuit by vacating a ruling from another appeals court.
Read MoreWCI Markets: CCAs skittish with options expiry uncertainty, WCAs claw back from auction stunner
California Carbon Allowances (CCA) options activity on ICE picked up this week ahead of the last expiry for the year, while surprise auction results of the Q4 permit sale defined volatility in Washington Carbon Allowances (WCA).
Read MoreMinnesota regulators approve SCS CO2 pipeline
Minnesota’s Public Utilities Commission (PUC) on Thursday unanimously approved Summit Carbon Solutions’ (SCS) permit request to construct a segment of its proposed CO2 pipeline within the state.
Read MoreUS EPA earmarks $735 mln in grants for zero emission heavy-duty vehicles
The US EPA on Wednesday announced its allocation of more than $735 million in grant funding to support the purchase of zero emissions heavy-duty vehicles across 27 states.
Read MoreUPDATE – Washington’s Q4 carbon permit auction clears significantly below market expectations
Washington’s Q4 current vintage auction defied market expectations, clearing nearly 30% below the 2024 Allowance Price Containment Reserve (APCR) Tier 1 trigger price.
Read MoreBRIEFING: Policy review needed before Oregon updates diesel emissions strategy, say stakeholders
Refineries, trucking companies, and other industry stakeholders pushed for a fuller evaluation of existing programmes for reducing diesel-based pollution before Oregon revisits its statewide strategy.
Read MoreCalifornia scraps e-motorcycle sales target mandate
California regulator ARB last week shelved its plans to ramp up zero emission motorcycle (ZEM) use in the state by mandating sales targets and imposing stringent rules on internal combustion engine (ICE) counterparts.
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