Potential state legislature changes pose RGGI participation risks -panel
The upcoming gubernatorial race in New Jersey this year – followed by numerous similar elections in 2026 – raises uncertainty regarding RGGI members’ ongoing participation in the Northeast carbon market, panellists said at a conference Tuesday.
Read MoreCalifornia’s cap-and-trade regulatory update “not imminent”, says official
An update to California’s cap-and-trade programme has been further delayed as the regulator grapples with wildfire issues and challenges to other climate policies, a state official told conference participants Tuesday.
Read MoreCFTC: Specs trim carbon risk amid early year macro weakness
Producers added length while speculators took a step back from California Carbon Allowance (CCA), RGGI Allowance (RGA) holdings, while both groups made significant reductions to their Low Carbon Fuel Standard (LCFS) net length into start of year macro market weakness, according to delayed data released Monday from the US Commodity Futures Trading Commission (CFTC).
Read MoreLCFS Market: Credit prices stabilise into 2025 after a turbulent year
US clean fuel programme credit values across West Coast schemes held steady heading into 2025 following a year marked by record surpluses and historically low prices.
Read MoreUS Treasury issues overdue biofuels tax credit guidance
The US Department of Treasury and Internal Revenue Service (IRS) on Friday released highly anticipated guidance on the 45Z Clean Fuels Production Credit (CFPC), but industry members remained disappointed over its lack of detail.
Read MoreCalifornia’s “ambitious” climate efforts linked to rising electricity costs in the state -report
Electricity rates in California are among the highest in the US, in part driven by the state’s climate-related initiatives coupled with wildfire-related costs and varying utility structures, according to the state’s nonpartisan agency.
Read MoreWCI Markets: Rocky start to the year for CCAs
Traders scrambled for reasons to explain the start of year weakness in California Carbon Allowances (CCA) as macro risk-off sentiment spread across broader markets.
Read MoreBusiness group challenges EPA approval of California’s stricter emission standards
A US business lobby group this week sued the US EPA over two waivers recently granted to California, one of which allows the state to adopt a set of regulations that would ban the sale of new gasoline vehicles by 2035.
Read MoreOregon EQC approves changes to its clean fuels programme
Oregon’s Environmental Quality Commission (EQC) on Thursday approved proposed changes to the state’s clean fuels scheme, effectively establishing feedstock attestation requirements and a reserve account for carbon capture and sequestration (CCS) projects under the programme, among other updates.
Read MoreBRIEFING: California Diablo Canyon nuclear plant owner supports motion to dismiss lawsuit against US DOE funding
The owner of California’s Diablo Canyon nuclear plant filed a brief earlier this week in support of US DOE’s motion to dismiss an environmental NGO’s case against the agency for approving a $1.1 billion loan to prolong the facility’s operations.
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