Environmental groups sue New York for delaying economy-wide ETS regulations
A coalition of environmental groups filed a complaint on Monday against New York’s environment ministry for alleged sudden and inexplicable delays in releasing regulations set by its climate law over five years ago.
Read MoreWCI Markets: CCAs drop during NACW as ARB fails to inspire; WCAs drive towards APCR trigger
California Carbon Allowance (CCA) prices dipped during the North American Carbon Week (NACW) conference after an early-week bump as state regulator ARB largely avoided any statements to provide greater programme clarity, while Washington Carbon Allowances (WCAs) gained over 7% as they were pulled towards the Allowance Price Containment Reserve (APCR) trigger price, traders said.
Read MoreUS SEC votes to end defence of climate disclosure rules in circuit courts
The US Securities and Exchange Commission (SEC) announced Thursday that it had voted to withdraw defending its rules in court that required companies to disclose climate-related risks and GHG emissions.
Read MoreNACW25: California ETS extension priorities differ, depending on who you ask
The extension of California-Quebec’s joint carbon market beyond the end of the decade has become politically charged, and holds varying priorities for regulators and experts, conference attendees heard on Wednesday.
Read MoreNew York releases GHG reporting rules for public comment
The state announced on Wednesday draft regulations mandating reporting of GHGs, which would be a forerunner to New York’s Cap-and-Invest programme, known as NYCI.
Read MoreNACW25: CORSIA becoming benchmark for cookstove credits
In the search for quality among beleaguered cookstove credits, pricing disparity placed CORSIA-eligible units as a benchmark, a trading exchange representative told attendees at a conference on Tuesday.
Read MoreNACW25: Voluntary carbon credits yield 40% price premium for every rating grade step-up
Voluntary carbon market (VCM) credits on average are yielding a 40% price premium for each step up in their rankings, a ratings agency expert told conference attendees on Tuesday.
Read MoreNACW25: Wetland projects in Mexico face uncertainty in claiming carbon rights
New laws currently under debate in the legislature could cause uncertainty in ownership rights to carbon in Mexican wetlands voluntary carbon (VCM) projects, a legal expert told conference attendees on Tuesday.
Read MoreUS House Democrat sets sights on EPA-enforced ETS for power plants, industry
A Democratic lawmaker has turned to Congress to legislate a cap-and-trade scheme for power generators and large industrial CO2 emitters to reduce emissions, even as the US EPA rescinds environmental regulations of the prior administrations.
Read MoreNew Mexico eases compliance CI standards in draft clean fuels programme rules
New Mexico’s environment ministry on Wednesday increased proposed carbon intensity (CI) levels as it drafts rules for the state’s Clean Transportation Fuel Standard (CTFS) regulation, thereby easing compliance obligations for gasoline and diesel while allowing for higher credit generation for renewable diesel (RD) and biodiesel suppliers.
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