Fiscal pressures could open opportunity for US carbon pricing deal, experts say
Experts debated at two panels Tuesday on whether increasing fiscal and climate pressures would be enough to facilitate a future bipartisan agreement in the US on some form of national carbon price.
Read MorePREVIEW: Market expects record RGGI Q2 auction clear, but still at discount to front-month futures
Market participants expect the second RGGI auction of the year to set another historic clearance price, albeit at a discount to secondary market valuations, with many traders projecting a wide range of outcomes in light of regulatory uncertainty in the market.
Read MoreRGGI Market: RGAs retreat from record highs on low volumes ahead of Q2 auction
RGGI allowances (RGAs) reached an all-time high last Wednesday before tailing off at the end of the week, as market participants largely look to the upcoming second auction of the year despite expressing varying degrees of confidence in recent historic prices.
Read MorePREVIEW: Mexican presidential candidates offer options towards national decarbonisation
Candidates in Mexico’s presidential election – to be held this Sunday – have presented differing approaches to ramping up the country’s climate ambitions.
Read MoreBank analysts bullish on CCAs and RGAs, awaiting clarity on LCFS surplus
Analysts at a major investment bank are bullish on California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), but added that clarity on California’s intentions to address credit surplus in its Low Carbon Fuel Standard (LCFS) is needed for prices to reverse course from their year-to-date lows.
Read MoreLimited emissions mitigation in emerging economies from climate-oriented trade policies -paper
Carbon border adjustment mechanisms (CBAMs) offer little in the way of reducing emissions in developing countries, and even alongside carbon taxes won’t be enough for those countries to reach net zero, according to a working paper published earlier this month.
Read MoreRGGI compliance holdings outweigh emissions at end of Q1, report shows
RGGI compliance entities held allowances well in excess of their Q1 covered emissions at the end of March, according to a report published Tuesday.
Read MoreRGGI allowance surplus grew in 2023, report shows
The RGGI carbon market saw its permit bank surplus expand slightly in 2023, according to a report published Thursday.
Read MoreRepublican state AGs ask US Supreme Court to prohibit fossil fuel damages lawsuits
A group of 19 US Republican state attorneys general (AGs) filed a petition Wednesday asking the nation’s highest court to prohibit efforts by Democratic-led states to hold oil producers financially liable for the climate impacts of fossil fuels.
Read MoreCalifornia gasoline sales continue to decline, diesel gains again in February
California gasoline consumption continued its year-on-year (YoY) decline in February, as diesel sales increased for the second straight month, state data published Tuesday showed.
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