PREVIEW: Washington’s Q4 auction expected to trigger reserve sale
Washington’s final current vintage auction for this year is anticipated to prompt a reserve sale that would release additional volumes, driven by the market’s need for increased permit supply.
Read MoreCFTC: Traders bulk holdings in V25s across WCI, RGGI carbon markets
Both emitters and financial players continued to move their holdings in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs) into 2025 at the expense of 2024, delayed data from the US Thanksgiving holiday published Monday by the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreMaine sues oil companies for climate change claims
Maine on Tuesday joined a growing wave of US states suing major oil companies with claims that the firms exacerbated climate change and misled consumers with greenwashing campaigns.
Read MoreWCI Markets: CCAs stage quick recovery after bearish sentiment from ARB’s rulemaking delays sinks Q4 auction clear
The Q4 California-Quebec current vintage carbon auction settled at nearly a $2 discount to secondary market prices and in line with a large cross-section of trader expectations, even as California Carbon Allowance (CCA) futures bounced quickly from the weak result.
Read MoreWashington releases updated CFS draft rules with book-and-claim, avoided methane provisions
Washington’s Department of Ecology (ECY) on Tuesday outlined changes to the state’s Clean Fuel Standard (WCFS) draft rules, including book-and-claim as well as avoided methane crediting measures.
Read MoreEnvironmental groups sue California county for CCS project approval
A coalition of non-profits last week filed a lawsuit against a California county for its approval of a carbon capture and storage (CCS) project, which they alleged was done without addressing key concerns regarding the initiative’s final environmental impact report.
Read MoreUS low carbon fuel voluntary certificates to cover biomass-based diesel
A voluntary US programme issuing tradeable certificates for ethanol producers that launched last year is expanding eligibility to include biodiesel and renewable diesel (RD) fuels, according to an announcement Monday.
Read MoreUS EPA advances West Virginia’s CO2 storage permit authority approval
The US Environmental Protection Agency (EPA) this month proposed a rule to authorise West Virginia to oversee CO2 storage wells within the region, potentially positioning it as the fourth state to gain such primacy.
Read MoreMaryland’s environmental commission considers cap-and-invest for GHG cuts
Maryland’s environmental commission’s recommendations for climate investment mechanisms looks likely to include implementation of an economy-wide cap-and-invest scheme, as the state could risk missing its greenhouse gas (GHG) reduction targets.
Read MoreMassachusetts finalises CHS reporting requirements for heating fuel suppliers and storage facilities
Massachusetts this week published final GHG reporting requirements for entities to be regulated under the Clean Heat Standard (CHS) with minor changes, but nevertheless extended the registration deadline for enrollment.
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