California ARB and IEMAC members tapped for Biden administration roles
An official for California regulator ARB, a member of the state’s cap-and-trade watchdog committee, and an aviation-focused legal expert from a US environmental organisation were nominated to positions at the Department of Transport (DOT) by US President Joe Biden (D) on Thursday.
Read MoreVirginia says court should dismiss industry’s RGGI lawsuit
A Virginia court should dismiss an industry lawsuit challenging the state’s RGGI-linked cap-and-trade programme, according to a brief filed by the Attorney General’s office ahead of a hearing on Wednesday.
Read MoreUS federal court strikes down Trump administration’s power sector GHG rule
A federal court on Tuesday vacated an industry-friendly rule to lower US power sector emissions, saying the EPA did not act lawfully when adopting the policy to replace the Obama-era Clean Power Plan.
Read MoreANALYSIS: California offset sellers see price rebound as others question future demand
California offset prices are seen rebounding this year after being pushed to historic lows by the pandemic and limited compliance buying, but some traders fear emitters may have already procured enough to stunt the market’s future demand.
Read MoreBiden administration unlikely to use carbon pricing to hit US climate goals -experts
US President-elect Joe Biden (D) is unlikely to prioritise a federal carbon pricing plan despite the Democrats now controlling the Senate, while the executive and legislative branches may work in tandem to advance other decarbonisation policy goals, a panel heard Friday.
Read MoreCalifornia watchdog urges state to adjust future cap-and-trade supply, alter free allocations
A California oversight committee urged regulator ARB to address the WCI carbon allowance surplus to ensure the state hits its long-term climate goal, while continuing calls to alter industrial allocation and the design of quarterly auctions.
Read MoreUS-based investment bank hires former RGGI compliance trader
A New York-based environmental trader has joined a multinational investment firm after spending the past decade at a RGGI compliance entity.
Read MoreNA Markets: RGGI recedes from historic highs on speculative selling, CCAs remain tied to 2021 floor
RGGI Allowance (RGA) prices fell from all-time highs over the week while speculators opted to sell off positions amid limited compliance demand, as California Carbon Allowance (CCA) values rose slightly on the front end of the curve.
Read MoreQuebec’s industrial carbon allowance allocation dips slightly in 2021
Quebec’s initial free allowance distribution for 2021 declined slightly from the previous year, with additional allocation due to industrial emitters by the end of 2022, according to data published by the province’s environmental ministry.
Read MoreCalifornia offset issuances slump in year’s first disbursement
California issued fewer than 200,000 offsets in its first issuance of 2021, with a majority of the new credits coming from an existing forestry project, according to data published by regulator ARB on Wednesday.
Read More