California gasoline consumption continues to lag, as diesel inches closer to 2019 levels
California gasoline and diesel consumption fell in September as the COVID-19 pandemic continued to temper demand across the Golden State, likely leading to lower fuel sector emissions under the WCI-linked carbon market, according to state data.
Read MoreRGGI Q1 auction notice alludes to bank adjustment amount, as prices hit all-time high
RGGI has withheld an estimated 18 million allowances from 2020 quarterly auctions for the programme’s upcoming surplus bank adjustment, as allowance prices hit an all-time high on thin volume Wednesday as Democrats secured a US Senate majority.
Read MoreCalifornia wins delay in Trump administration lawsuit challenging Quebec carbon market linkage
A federal court granted California and WCI, Inc. a filing extension on Monday in a US Department of Justice (DOJ) lawsuit challenging the Golden State’s cap-and-trade linkage with Quebec, pushing the timeline of the case well into President-elect Joe Biden’s tenure.
Read MoreMassachusetts sells out first 2021 GWSA carbon auction as allowance prices slump
Massachusetts sold all 1.6 million allowances for its in-state Global Warming Solutions Act (GWSA) cap-and-trade programme last month, with permit prices in the power sector scheme continuing to slide downward, according to an auction report.
Read MoreRGGI Q1 auction volume skyrockets with Virginia linkage
The Northeast US RGGI carbon market will offer 23.5 million allowances at its March auction with the inclusion of Virginia this year, while the quarterly sale will also include the supply-curbing Emissions Containment Reserve (ECR) for the first time.
Read MoreVirginia activates 27 compliance accounts as it joins RGGI
Virginia opened RGGI compliance accounts for regulated parties this week as the state entered the regional power sector cap-and-trade programme on Jan. 1, according CO2 Allowance Tracking System (COATS) data.
Read MoreFive new speculators among 18 WCI accounts registered in Q4
Eighteen entities opened California-based Compliance Instrument Tracking System Service (CITSS) accounts during the final quarter of 2020, as 10 others closed their accounts in the WCI-linked programme, data from state regulator ARB showed Wednesday.
Read MoreUS DOJ files appeal brief in California-Quebec carbon market linkage lawsuit
The US Department of Justice (DOJ) has asked an appeals court to overturn rulings earlier this year that concluded California’s linkage with Quebec does not violate the Constitution, according to a brief filed by the agency.
Read MoreFEATURE: Legislative roadblocks bring Biden climate cabinet strategy into focus
US President-elect Joe Biden’s cabinet and executive office nominees are likely to initially focus on undoing environmental rollbacks from the prior administration, along with advancing ambitious climate policies through regulatory or executive actions in the face of resistance from Republicans, experts told Carbon Pulse.
Read MoreCalifornia offset developer may face ongoing issuance halt following invalidation, emails suggest
An offset project subject to invalidation by California regulators earlier this year could face an ongoing halt to issuances unless non-compliance issues are resolved, according to emails obtained by Carbon Pulse.
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