RGGI compliance entities shrink permit shortfall in Q4, trading volumes ramp up
Allowance holdings of power sector emitters under the RGGI carbon market increased at the end of the fourth quarter in 2023 as emitters narrowed their net short position significantly, while quarterly trade volumes beat both year-on-year and prior quarter amounts, according to a report published Tuesday.
Read MoreCarbon pricing most effective tax policy for reaching US emissions reductions goal -report
The implementation of a carbon fee alongside the continuation of Inflation Reduction Act (IRA) tax credits would yield the most significant and cost-effective emissions reductions for the US, according to modelling results published Tuesday by a DC-based think tank.
Read MoreState legislature should enact affordability, reliability guardrails on New York climate efforts -think tank
New York’s legislature should assert more authority by setting supply and price limits itself under the state’s future cap-and-invest programme, to help ensure that overall climate efforts sufficiently consider the affordability and reliability of energy, according to a report from a think tank published Tuesday.
Read MoreCalifornia kicks off 2024 with record low emissions amid high gas-powered generation
California electricity sector CO2 emissions continued to dip to record lows in January, even as natural gas maintained its historically high share of the state’s energy supply, data published Friday showed.
Read MoreSpeculators continue to take advantage of record CCA, RGGI prices, compliance builds North American carbon holdings
Financial players continued to take profits across North American carbon markets, as opposed to regulated entities that built net length in California Carbon Allowances (CCAs) and RGGI allowances (RGAs), while Washington Carbon Allowances (WCAs) remain out of favour in both groups, weekly data from the US Commodities and Futures Trading Commission (CFTC) release Friday showed.
Read MoreWCI Markets: CCAs retreat before late tick up after record auction settlement results
California Carbon Allowance (CCA) prices jumped Thursday afternoon following the release of Q1 auction results after having lost momentum over the previous week amidst a dearth of regulatory news post the first quarter sale, while Washington Carbon Allowances (WCAs) saw modest weekly gains on even thinner volumes.
Read MoreUruguayan timber company sells 2.2 mln carbon credits to project developer
A Montevideo-headquartered wood products company announced Thursday the sale of 2.2 million offsets to a London-based global project developer and credit provider.
Read MoreMaryland lawmaker introduces legislation for state cap-and-invest programme
A Democratic delegate in Maryland’s lower house introduced legislation earlier this month that would establish a cap-and-invest programme in the RGGI-participating state.
Read MoreCalifornia gasoline sales continue to fall in November, as diesel again exceeds 2022 levels
California gasoline sales and emissions trailed 2022 levels for the third month in a row in November, while diesel sales and emissions exceeded those from the previous year for a second straight month, according to the state data published Tuesday.
Read MorePREVIEW: Upcoming Supreme Court case could stifle US federal environmental efforts, experts say
An unprecedented US Supreme Court hearing on Feb. 21 could open the door for challengers of federal environmental policies to effectively halt the implementation of regulations while those policies are being litigated, legal experts warn.
Read More