ARB unveils partnership to ramp up SAF availability in California
California has reached an agreement with an airlines trade organisation to scale the state’s sustainable aviation fuel (SAF) supply to 200 million gallons (757 million litres) by 2035, regulator ARB said Tuesday.
Read MoreQuebec’s free carbon allocation declines slightly in 2023
Quebec distributed the remainder of its 2023 free carbon market permits, bringing the annual total slightly down from 2022 volumes as the number of recipients remained unchanged, data released by the province’s environment ministry showed.
Read MoreANALYSIS: Pushback on LCFS amendments persists ahead of upcoming board vote
California regulator ARB’s second 15-day notice for Low Carbon Fuel Standard (LCFS) amendments remains contentious ahead of the upcoming vote in November, as it falls short of addressing concerns laid out in prior drafts, commenters said, with opposition further fuelled by residents’ fears that the programme would raise retail gas prices.
Read MoreCFTC: Traders roll to V25 CCAs, reducing V24 exposure
Traders continue to roll into V25 California Carbon Allowance (CCA) holdings, reducing V24 exposure over the last week, while producers increased RGGI Allowance (RGA) net length as futures prices briefly caught a headwind in a relatively illiquid market, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).
Read MoreWCI Markets: CCAs swoon with LCFS scrutiny
California Carbon Allowances (CCA) futures reversed sharply in tandem with a sell-off in Low Carbon Fuel Standard (LCFS) credits this week ahead of a board vote on proposed changes to the state’s clean fuels programme, while Washington Carbon Allowances (WCA) remained out of the spotlight.
Read MoreINTERVIEW: US carbon project intermediary adds first biochar project to portfolio
A US-based voluntary carbon market intermediary has added the first biochar project to its portfolio amid growing interest in CO2 removal (CDR) credits, the firm told Carbon Pulse.
Read MoreUS Democrats target 10-year extension of 45Z tax credit availability
A bill introduced by US lawmakers this week seeks to prolong the 45Z Clean Fuel Production Credit (CFPC) by 10 years, extending its availability through 2037.
Read MoreCalifornia EJAC demands ‘no’ vote on LCFS changes
California’s Environmental Justice Advisory Committee (EJAC) has urged state regulator ARB to vote no on the proposed Low Carbon Fuel Standard (LCFS) revisions, citing concerns that the agency has completely disregarded their recommendations.
Read MoreCalifornia’s LCFS to likely push retail fuel prices higher over the years, intensify environmental concerns -research
California regulator ARB has yet to acknowledge the likelihood that the Low Carbon Fuel Standard (LCFS) would raise retail gas prices in the upcoming years or consider the environmental implications of its support for biofuels, an analysis released this month said.
Read MoreANALYSIS: Washington’s cap-and-trade observers discuss electricity imports, offsets for linkage considerations
Washington state’s considerations for changes to the Climate Commitment Act (CCA) to facilitate linkage with WCI partners California and Quebec must resolve ambiguity surrounding electricity imports and address varying offset protocols, comments to the draft amendments showed.
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