Pennsylvania says regulatory timelines could delay RGGI implementation, as committee backs proposal
Pennsylvania’s Department of Environmental Protection (DEP) added quarterly emissions caps to its proposed RGGI regulation as the agency may not be able to promulgate the rule before 2022, the agency said Monday, while an advisory committee narrowly backed the final draft of the power sector cap-and-trade programme.
Read MoreNA Markets: California carbon pushes through $20 mark on continued investor interest
California Carbon Allowance (CCA) prices surged past $20 on the benchmark contract over Monday morning, as traders said speculative demand fuelled significant day-on-day rises for the second consecutive session.
Read MoreNA Markets: California allowances hit two-year high ahead of May WCI auction
California Carbon Allowance (CCA) prices surged to new highs on Friday afternoon ahead of the May WCI auction next week, with traders pointing to increased speculative interest being the primary driver on the secondary market.
Read MoreResearchers offer more on study questioning California forestry protocol as developers spot flaws
Researchers responded this week to criticism of their report that questioned the emissions reductions attributed to California-registered forestry projects, while developers claimed the group’s conclusions may be the result of critical flaws.
Read MoreWCI emitters reduce CCA length ahead of quarterly auction as speculators hold firm
WCI compliance entities cut California Carbon Allowance (CCA) holdings this week as speculative interest continued to surge on the secondary market, while financial firms held their length roughly flat week-on-week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending May 14, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in California’s Scoping Plan process, North Dakota’s long-term climate goal and a major East Coast offshore wind project.
Read MoreCalifornia offset prices lagging behind speculator-fuelled CCA rise
California Carbon Offsets (CCO) are remaining near historic high discounts despite an influx of financial interest in recent weeks that has prompted California Carbon Allowances (CCAs) to diverge from the floor price.
Read MoreNA Markets: RGGI finds bullish support amid thin demand as CCAs decline ahead of Q2 auction
RGGI Allowance (RGA) prices rose on thin demand on the secondary market to hit a new two-month high, while California Carbon Allowances (CCAs) declined week-on-week despite a continued influx of speculative demand.
Read MoreCalifornia’s carbon floor price set to exceed $19 in 2022 as inflation jumps in April
California’s WCI-linked cap-and-trade floor price is on pace to rise above $19.00 next year as inflation surged over April amid easing of COVID-19 restrictions across the US, according to federal data released Wednesday.
Read MoreCalifornia power demand slips to lowest in two decades in 2020, as natural gas sources rise
California electricity consumption declined in 2020 due to the impacts of the COVID-19 pandemic, but more carbon-intensive sources fulfilled this demand, according to preliminary California Energy Commission (CEC) data released Tuesday.
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