RGGI Market: Prices return to record range amidst low volumes, strong power demand

Published 00:32 on July 16, 2024  /  Last updated at 00:32 on July 16, 2024  / Graham Gibson /  Americas, US

RGGI allowance (RGA) values jumped over the past week on the back of strong power demand and high summer temperatures, as the futures market witnessed roughly four-month low volumes amidst the ongoing wait for programme review developments.

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Pennsylvania Senate passes CCS legislation, sending bill to governor’s desk

Published 00:02 on July 13, 2024  /  Last updated at 00:02 on July 13, 2024  / Graham Gibson /  Americas, US, Voluntary

The Pennsylvania Senate passed on Thursday a bill establishing a regulatory framework around carbon capture and storage (CCS), which now sits on Governor Josh Shapiro’s (D) desk for possible approval.

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Smaller refiners file complaints against US EPA, alleging lack of action on 2023 RFS waiver applications

Published 23:35 on July 11, 2024  /  Last updated at 23:52 on July 11, 2024  / Graham Gibson /  Americas, RINs & LCFS, US

A trio of US refiners filed complaints in federal courts last week against the Environmental Protection Agency (EPA), claiming the agency has failed to act on their applications for small refinery waivers under the Renewable Fuel Standard (RFS).

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ARB’s California offset issuance almost catches up with 2023 levels YTD

Published 00:59 on July 11, 2024  /  Last updated at 00:59 on July 11, 2024  / Graham Gibson /  Americas, Canada, US

California regulator the ARB sped up its issuance of compliance-eligible offsets, narrowing the year-on-year gap of issuance thus far in 2024, agency data released Wednesday showed.

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ACR resumes Canadian ODS project activity after affirming additionality

Published 21:14 on July 10, 2024  /  Last updated at 21:14 on July 10, 2024  / Graham Gibson /  Americas, Canada, Climate Talks, International, Voluntary

Carbon registry ACR said Monday that it has resumed project activities related to its Canadian ozone-depleting substances (ODS) methodology after its investigation found the framework remains additional in light of a recent federal offset protocol and other regulations.

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Alberta signs province’s first carbon sequestration agreement with oil major, energy firm

Published 23:14 on July 9, 2024  /  Last updated at 23:14 on July 9, 2024  / Graham Gibson /  Americas, Canada, Voluntary

The government of Alberta signed Monday a carbon sequestration agreement with the Canadian subsidiary of oil major Shell and a global energy firm, as the province continues its efforts to expand carbon capture, utilisation, and storage (CCUS).

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WCI compliance instrument surplus grows faster in Q2

Published 01:54 on July 9, 2024  /  Last updated at 01:54 on July 9, 2024  / Graham Gibson /  Americas, Canada, US

The WCI compliance instrument surplus continued to build in Q2 as the market marches forward towards the November deadline for true up obligations in the California-Quebec joint carbon market, government data published Friday showed.

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Biden administration targetting December for draft US EPA rules on existing natural gas facilities

Published 01:09 on July 8, 2024  /  Last updated at 01:09 on July 8, 2024  / Graham Gibson /  Americas, Nature-based, RINs & LCFS, US, Voluntary

US President Joe Biden’s administration is targeting the end of the year for the issuance of highly anticipated draft emissions standards for existing natural gas-fired power plants, according to a biannual regulatory agenda published late Friday that also provided expected timelines on a litany of other planned environmental regulations.

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Canadian CDR firm, academics to soon initiate new ocean alkalinity enhancement field trial

Published 22:11 on July 5, 2024  /  Last updated at 03:36 on July 8, 2024  / Graham Gibson /  Americas, Canada, Voluntary

A Canada-based CO2 removal (CDR) company and researchers from a Nova Scotian university are set to initiate a field experiment this month in Halifax Harbour to test ocean alkalinity enhancement (OAE) as a means of marine CDR.

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American Airlines looks to SAF first for CORSIA compliance, British Airways to raise prices to cover CO2 costs

Published 19:22 on July 4, 2024  /  Last updated at 19:22 on July 4, 2024  / Graham Gibson /  Americas, Aviation/CORSIA, EMEA, International, US, Voluntary

American Airlines will prioritise sustainable aviation fuel (SAF) to fulfill its obligations under UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) but also expects to use carbon offsets, according to its 2023 sustainability report, while the Financial Times (FT) reported Wednesday that British Airways will raise its prices to cover the cost of reducing its CO2 emissions.

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