WCI Markets: WCA prices plummet below CCAs amid Washington programme uncertainty
Washington Carbon Allowance (WCA) prices took a nosedive following verification of a ballot initiative aimed at repealing the state’s Climate Commitment Act, while California Carbon Allowance (CCA) prices once again briefly broke to new all-time highs earlier in the week.
Read MoreCanada adjusts prices for alternative compliance mechanisms under clean fuels regulation
The Environment and Climate Change Canada’s (ECCC) Low Carbon Fuels Division has announced the Emission Reduction Funding Program (ERFP) and Credit Clearance Mechanism (CCM) prices for the 2023 compliance period.
Read MoreIndiana legislator introduces bill requiring approval for CO2 transport within counties
A Republican lawmaker in Indiana earlier this month proposed legislation mandating carbon dioxide sequestration projects, which transport CO2 across counties, to obtain approvals from authorities in the destination county.
Read MoreVirginia lawmakers call for budget amendments to rejoin RGGI
Democratic legislators in Virginia introduced budget language to return the state to the Regional Greenhouse Gas Initiative (RGGI) after its departure from the carbon market beginning this year.
Read MoreCarbon ratings agency finds over-crediting in several ACR, Verra projects
A US-based carbon ratings agency has said that several ACR and Verra-certified projects have been over-credited, with one of the two ACR improved forest management (IFM) initiatives registered under the California regulator ARB protocol scoring the lowest possible rating due to what it perceived as severe boundary manipulation.
Read MoreCalifornia’s power emissions fall to lowest November in a decade, extending YoY decline
California electricity sector CO2 emissions for November fell below levels for the same month seen in a decade, continuing the decreasing monthly trend in GHG output observed throughout the year, as the grid’s share of natural gas receded following a surge in October, data published Friday showed.
Read MoreUS legislators introduce federal bill to establish a technology-based CO2 removal market
US lawmakers have introduced legislation that would require the Department of Energy (DOE) to invest in direct air capture (DAC) or other technology-based solutions for carbon dioxide removal (CDR) to establish a long-term market for such projects.
Read MoreVermont lawmakers introduce climate “superfund” legislation
Over 100 Vermont legislators have sponsored two companion bills targeting the fossil fuel industry to compensate for their greenhouse gas (GHG) emissions, with the resulting revenues to be used for climate infrastructure developments in the state.
Read MoreIndustrial powerhouse invests in US university’s innovative membrane CCS technology
A US academic institution that was recently awarded Department of Energy (DOE) funding, will receive assistance from a global building materials manufacturer and a technology research firm to scale its industrial carbon capture initiative.
Read MoreEnvironmental non-profit endorses NY legislation to combat emissions from warehouse operations
A US environmental non-profit outlined policy solutions in a report released Thursday to address the expansion of storage facilities and truck hauls in light of rising demand for shorter delivery durations, which has placed unequal health disparities on low-income households and communities of colour in New York.
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