NA Markets: CCAs rise week-on-week during volatile post-auction stretch, RGGI rises ahead of Q3 sale
California Carbon Allowances (CCA) rose week-on-week after seeing significant volatility over the five-day period following the August quarterly sale, while RGGI allowances (RGAs) edged up slightly ahead of the Q3 auction next week.
Read MoreGOP-led Pennsylvania House committee passes resolution disapproving of RGGI regulation
The Pennsylvania House Environmental and Energy Committee voted Thursday to disapprove of the final RGGI-modelled cap-and-trade regulation, with the GOP-led effort coming in direct response to the Independent Regulatory Review Commission’s (IRRC) recent approval.
Read MoreTwo new trading firms open accounts in RGGI carbon market
Two speculative trading firms opened new RGGI CO2 Allowance Tracking System (COATS) accounts on Thursday, with data showing an uptick in financials registering in the Northeast US cap-and-trade system.
Read MorePennsylvania’s IRRC approves RGGI final regulation in narrow vote
The Pennsylvania Independent Regulatory Review Commission (IRRC) approved the finalised RGGI regulation on Wednesday by a thin majority, moving the Keystone State one step closer to joining the carbon scheme next year.
Read MoreNA Markets: California allowances decline as speculative buying diverges from recent trends
California Carbon Allowance (CCA) prices saw steep declines on Wednesday following steady selling over the first half of this week, bucking the trend of significant daily increases to start the past few months.
Read MoreCalifornia gasoline consumption neared pre-pandemic volume in May
California gasoline usage edged closer to pre-pandemic levels in May, as total consumption rose slightly from the previous month despite some state-level COVID-19 restrictions remaining in place across the Golden State, according to state data released Tuesday.
Read MoreVirginia state agency suspends Dominion’s RGGI rate adjustment ahead of Sep. 1 implementation
Dominion Energy’s RGGI rate adjustment has been suspended ahead of its Sep. 1 implementation until the Virginia State Corporation Commission (SCC) can hear a petition from an environmental group that says the utility should be required to examine low-cost alternatives.
Read MoreNortheast generator backs Pennsylvania’s RGGI regulation ahead of key vote
A large US-based utility has urged Pennsylvania’s Independent Regulatory Review Commission (IRRC) to approve a RGGI-modelled cap-and-trade regulation this week despite a flood of comments from Republicans, labour groups, and industry stakeholders against the measure.
Read MoreREC Markets: Texas credits fade to quell torrid year-long stretch
Texas Renewable Energy Certificate (REC) prices declined over the second half of August to stop a bull run that has taken wider North American compliance and voluntary Renewable Portfolio Standard (RPS) markets by storm over the past year.
Read MoreTrudeau Liberals pitch new climate initiatives ahead of Canadian election
Canadian Prime Minister Justin Trudeau’s Liberal Party rolled out a zero-emissions vehicle (ZEV) sale mandate, declining GHG caps for the oil and gas sector, and a Clean Electricity Standard (CES) on Sunday as it looks to bolster its climate agenda ahead of next month’s federal election.
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