US FERC dismisses complaint Dominion overcharged for RGGI costs
The US Federal Energy Regulatory Commission (FERC) has dismissed a complaint from the Virginia Municipal Electric Association (VMEA) that Dominion Energy improperly accounted, and subsequently over-charged, for its RGGI costs.
Read MoreRGGI Market: RGAs give back week’s gains after proposed programme updates
RGGI allowance (RGA) prices plummeted 12.4% Monday upon the release of a long-awaited programme review update from market administrator RGGI Inc., which provided modelling of an additional regional cap trajectory scenario and detailed potential expanding of the Cost Containment Reserve (CCR).
Read MoreTech giant buys 15k CDR credits from UK ERW firm
A global tech giant has bought 15,000 CO2 removal credits (CDR) in a second purchase agreement from a London-headquartered enhanced rock weathering (ERW) firm, per an announcement on Tuesday.
Read MoreCFTC: Financials favour V25 CCAs again, while producers prefer V24s and both avoid RGAs
Financial entities once again favoured V25 California Carbon Allowances (CCAs) while producers preferred the current year vintage, and both trimmed net length in RGGI allowances (RGA), according to data published Friday by the US Commodity Futures Trading Commission (CFTC).
Read MoreUS market regulator approves voluntary carbon credit trading guidelines
The US Commodity Futures Trading Commission (CFTC) approved final guidance Friday regarding the listing for trading of voluntary carbon credit derivative contracts.
Read MoreWCI Markets: CCAs gain ground amidst hushed market activity, wait for programme clarity
California Carbon Allowance (CCA) prices increased over the past week amidst a dearth of activity as market participants await a rulemaking package from regulator ARB.
Read MoreCalifornia gasoline consumption declines at slower pace in June as diesel sales hit year high
California gasoline consumption continued its year-over-year decline -albeit at a slower pace – in June while diesel sales reached their highest levels of the year, state data published this week showed.
Read MoreAlberta TIER emissions rise as usage of offsets, EPCs for compliance reaches all-time high in 2023
Higher emissions in 2023 under Alberta’s Technology Innovation and Emission Reduction (TIER) programme resulted in increased usage of offsets and emission performance credits (EPCs), according to a compliance report published Monday.
Read MorePennsylvania Senate votes to repeal RGGI regulation
Pennsylvania’s Republican-majority Senate voted along party lines Tuesday to repeal the state’s RGGI regulation, and the proposal will now be sent to the Democrat-controlled House of Representatives.
Read MoreUS-based steel producer walks back comments wavering on low-carbon production project, $500 mln grant
The CEO of an Ohio-based steel producer said his company is considering whether to advance a low-carbon steel project that involves a $500 million grant from the US Department of Energy (DOE), although the firm has since reiterated its commitment to the project.
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