Just four TCI jurisdictions sign on to final framework for regional US fuel sector carbon market
Only four members of the US Transportation & Climate Initiative (TCI) on Monday endorsed a final Memorandum of Understanding (MOU) to implement a fuel sector cap-and-programme in 2023, with eight other states agreeing to continue to collaborate on the regional effort.
Read MoreCalifornia power sector emissions rise in October to reach parity with 2019
California electricity sector emissions rose for the third consecutive month as higher demand and more carbon-emitting sources pushed year-to-date CO2 output even with last year, according to California Independent System Operator (CAISO) data.
Read MoreWCI traders slice CCA length ahead of the December expiry
Compliance entities and speculators slashed California Carbon Allowance (CCA) futures holdings this week, as traders largely focused on moving positions further out on the curve ahead of the December expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreWCI Feb. 2021 auction volume shrinks on smaller consignment
California and Quebec’s first post-2020 carbon auction will feature 54.8 million current vintage allowances, marking a decline from the Q4 sale largely due to lower consignment, according to an auction notice published Friday.
Read MoreCanada releases draft Clean Fuel Standard regulations after narrowing scope
The Canadian government on Friday released draft regulations to implement a Clean Fuel Standard (CFS), roughly a week after Prime Minister Justin Trudeau’s administration announced plans to trim the scope of the programme.
Read MoreNA Markets: RGGI hits new four-year high on compliance buying, as CCAs inch toward 2021 floor
RGGI allowances surged this week on aggressive buying from a compliance entity as California Carbon Allowance (CCA) prices inched up with participants looking to shift positions further out on the curve.
Read MorePresident-elect Biden to tap North Carolina regulator to lead US EPA -reports
US President-elect Joe Biden is expected to nominate North Carolina environmental regulator Michael Regan to led the EPA, Reuters reported Thursday.
Read MoreVirginia court sets 2021 hearing date for RGGI lawsuit
A Virginia court will hold a hearing early next year over a lawsuit filed by an industrial group that challenges the legality of the state’s RGGI-modelled carbon market regulation, court records show.
Read MoreTCI jurisdictions to soon unveil final framework for US fuel sector carbon market
The Transportation & Climate Initiative (TCI) will release a finalised Memorandum of Understanding (MOU) next week, with the framework expected to outline the long-term climate goal for the proposed fuel sector cap-and-trade scheme, two regulatory sources told Carbon Pulse.
Read MoreVirginia facility opens RGGI account ahead of 2021 linkage
A Virginia generator opened a RGGI account this week ahead of the state’s entrance in the Northeast US emissions trading scheme next month, joining at least two other entities from the jurisdiction.
Read More