California gasoline consumption continues to lag in October as diesel nears 2019 levels
California gasoline and diesel consumption narrowed the year-on-year gap in October, but both fuel sources remain significantly down as a result of the COVID-19 pandemic, according to state data published Thursday.
Read MoreNA Markets: RGGI prices dive to two-month low, while CCAs slide ahead of Q1 sale
RGGI allowance (RGA) prices collapsed across the week on thin volume to hit a two-month low, while California Carbon Allowances (CCA) inched down on the secondary market ahead of the February auction.
Read MoreCalifornia adds to DEBs supply as nearly 1 mln new credits issued
California minted just shy of 1 million new compliance offsets during its second issuance of the year, with an Oregon-based forestry project earning additional credits tagged as providing direct environmental benefits to the state (DEBs), according to data published by state regulator ARB on Wednesday.
Read MoreBiden issues raft of executive orders to signal new US climate agenda
US President Joe Biden (D) issued a suite of climate-related executive orders on Wednesday including directing a speedy revision of the nation’s Paris Agreement NDC this spring, an effort to jump start his environmental agenda amid a closely divided Congress.
Read MoreVirginia court rejects state’s motion to dismiss RGGI regulation challenge
A court has rejected the Virginia Attorney General’s motion to dismiss an industry lawsuit challenging the state’s RGGI-linked cap-and-trade programme, a government spokesperson confirmed to Carbon Pulse on Tuesday.
Read MoreUtah legislature continues to weigh funding for a challenge to California’s climate policies
A law firm is working with the Utah state legislature on whether to allocate nearly $1.7 million for a legal challenge this year against California’s cap-and-trade programme and emissions performance standard (EPS), a partner at the company told Carbon Pulse.
Read MoreCalifornia fuel consumption declines amid soaring COVID-19 cases
California fuel consumption dropped in November as coronavirus cases surged over the month and led to more stringent statewide restrictions to slow the spread, according to US Energy Information Administration (EIA) data.
Read MoreSpeculators add to CCA length as emitters cut into holdings for sixth straight week
Speculators increased their California Carbon Allowance (CCA) holdings as compliance entities cut their position for the sixth consecutive week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreCOVID-19 emissions impacts to RGGI, WCI programmes to linger -analysts
The coronavirus pandemic will continue to limit WCI cap-and-trade emissions throughout 2021, while the Northeast US RGGI scheme could see prior GHG trends return by mid-year, analysts said Friday.
Read MoreNA Markets: RGGI prices continue bearish trend, as CCAs inch up despite Q1 auction pessimism
RGGI Allowance (RGA) prices reversed nearly all of their year-to-date gains over the previous week amid a speculation-fuelled sell off, while California Carbon Allowance (CCA) values rose slightly on the secondary market.
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