Virginia, green groups rebuke industry group’s RGGI challenge as meritless, nonsensical
Virginia’s Department of Environmental Quality (DEQ) argued a legal challenge against the agency’s RGGI regulation is nonsensical or inaccurate, while an intervening green group said the industry association bringing forward the suit fashioned meritless claims in an attempt to void the power sector cap-and-trade scheme.
Read MoreWCI emitters, speculators add length as allowance prices continue bull run
WCI compliance entities and speculators added length in the California Carbon Allowance (CCA) market this week as prices continued on a bull run fuelled by increased financial interest and rising 2022 floor outlooks, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreStakeholders seek changes to TCI carbon market, as industry calls CO2 goals “pipe dream”
Stakeholders are advocating for a variety of technical tweaks to the Transportation & Climate Initiative Programme’s (TCI-P) draft cap-and-trade regulation, while industry groups claimed the four participating US jurisdictions’ CO2 reduction goals were unachievable.
Read MoreCalifornia power emissions rise YoY in March, as Q1 output continues to outpace 2020
California power sector emissions increased for the third consecutive month in March as electricity demand rose across the Golden State, according to California Independent System Operator (CAISO) data released this week.
Read MoreNA Markets: Investor inflows fuel additional CCA gains, RGGI prices increase on compliance demand
Speculators continued to fuel bullish pressure for California Carbon Allowances (CCAs) on the secondary market this week, as RGGI allowance (RGA) prices hit a two-month high with an uptick in compliance demand.
Read MorePennsylvania publishes draft final RGGI regulation with 2022 contingency plan
Pennsylvania released a draft final RGGI regulation on Tuesday that maintains its initial CO2 cap levels criticised as weak by academics, and publishing a 2022 contingency plan amid fervent opposition to the power sector cap-and-trade programme from Republican lawmakers.
Read MoreUS HFC rule could impact voluntary offset projects, narrow future compliance protocol expansion
The US EPA’s proposed regulation to reduce high-global warming potential HFCs could impact voluntary offset initiatives in the short term, as well as limit expansion options for California regulator ARB’s ozone-depleting substance (ODS) protocol, market participants said.
Read MoreANALYSIS: California issuing offset credits more quickly, as developers worry about upcoming compliance deadline
State regulator ARB is approving California Carbon Offsets (CCO) in a speedier fashion this year, data shows, though developers are pushing for even faster issuances before the cap-and-trade programme’s fall compliance deadline.
Read MoreNew York financial firm adds new US-based environmental trader
A Houston-based environmental trader has joined the New York-based financial firm Hartree Partners, Carbon Pulse has learned.
Read MoreMassachusetts GWSA emissions surge as coronavirus restrictions eased
Massachusetts electricity generators regulated under the Global Warming Solutions Act (GWSA) cap-and-trade system saw emissions spike over the first quarter, with these facilities on track for an annual shortage in the in-state programme, recent data showed.
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