Pacific Northwest climate policies may reduce clean energy exports to California
Pacific Northwest utility companies may see fewer reasons to export renewable power into California over the coming decade, after Washington and Oregon legislatures advanced climate policies that incentivise use of clean energy.
Read MoreOregon legislature passes ambitious clean energy bill that sets 100% goal
Oregon Democrats passed legislation on Saturday that would require 100% clean energy within two decades, marking one of the strongest renewables goals in the US.
Read MoreSpeculators’ CCA length sees more gradual rises as prices hit new peak
California Carbon Allowance (CCA) positions held by financial firms increased slightly over the past week, but the week-on-week gains slowed considerably after seeing a torrid pace over the previous month, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreCalifornia gasoline sales gain YoY in March for first time since pandemic began
California gasoline consumption recorded the first year-on-year rise for 13 months in March, but the COVID-19 pandemic is continuing to push Golden State gas fuel demand beneath historic levels, according to state data released this week.
Read MoreCarbon market to play smaller role in California’s long-term climate strategy with additional polices, official says
California’s cap-and-trade programme will play a smaller role in reaching long-term climate goals as new environmental programmes are slated to drive additional reductions in the coming years, an ARB official said Thursday afternoon.
Read MoreNA Markets: CCAs press higher to new record, RGGI inches down despite compliance buying
California Carbon Allowance (CCA) prices steamrolled to a new all-time high over the week amid steady speculative demand, as RGGI Allowances (RGAs) declined slightly on the secondary market despite new compliance demand appearing.
Read MoreCalifornia spent months examining non-compliance issue before launching offset probe, documents show
California regulator ARB spent months evaluating a potential regulatory violation at a Wisconsin dairy farm before launching a formal review, documents show, while the offset project appears to have adjusted out a subsequent non-compliance event in a future credit reporting period.
Read MorePennsylvania Republican claims RGGI violates US Constitution, state lacks authority to join carbon scheme
A Pennsylvania Republican lawmaker questioned the legality of the existing RGGI cap-and-trade programme on Tuesday, while saying the power sector scheme faced “historic litigation” if it allows the Keystone State to join next year.
Read MorePacific Northwest power imports rose in 2020, as California ramped up natural gas generation
California imported more electricity from the Pacific Northwest and less from the Southwest last year, while the state relied more heavily on carbon-emitting sources amid declining power demand during the COVID-19 crisis, according to new data.
Read MoreSpeculators’ WCI allowance holdings rise toward 100 Mt, CFTC data shows
Speculators’ California Carbon Allowance (CCA) positions inched closer to 100 million over the prior week, as allowance prices under the linked WCI programme peaked at a fresh all-time high amid new financial interest, according to US Commodity Futures Trading Commission (CFTC) data published Monday.
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