California diesel, gasoline consumption in April drops as retail prices soar

Published 00:55 on July 23, 2024  /  Last updated at 00:55 on July 23, 2024  / Joan Pinto /  Americas, RINs & LCFS, US

California diesel sales in April fell below last year’s levels for the first time in 2024, while gasoline monthly consumption continued to remain below 2023 usage into the start of the second quarter, state data published this week showed.

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US EPA awards $4.3 bln targeting almost 1 bln tonnes in emissions cuts by 2050

Published 21:10 on July 22, 2024  /  Last updated at 21:18 on July 22, 2024  / Joan Pinto /  Americas, Nature-based, US, Voluntary

The US Environmental Protection Agency (EPA) announced on Monday $4.3 billion in grants to 25 selected applicants for proposed projects that aim to cut nearly 1 billion tonnes of CO2e by mid-century.

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COT report shows CCA traders reposition to 2025, RGA compliance demand remains robust

Published 00:22 on July 20, 2024  /  Last updated at 04:37 on July 20, 2024  / Joan Pinto /  Americas, Canada, US

Stakeholders shifted their California Carbon Allowance futures and options holdings to vintage 2025 in the aftermath of ARB’s cap-and-trade workshop fallout, while the month-long trend of strong compliance demand for RGGI Allowances (RGA) continued, weekly data from the Commitment of Traders’ report released Friday showed.

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WCI Markets: CCAs churn post workshop fallout, trade below WCAs

Published 02:01 on July 19, 2024  /  Last updated at 02:01 on July 19, 2024  / Joan Pinto /  Americas, Canada, US

With a high turnover in futures and options trade, California Carbon Allowance (CCA) prices have slipped below Washington Carbon Allowances (WCA) in the aftermath of ARB’s ETS workshop fallout.

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Major Canadian bank to retrofit retail branches with heat pumps, cutting emissions 70%

Published 01:45 on July 19, 2024  /  Last updated at 01:45 on July 19, 2024  / Joan Pinto /  Americas, Canada, Voluntary

A large Canadian bank unveiled plans on Thursday to install heat pumps through its retail branch network across the country, which it estimates would reduce emissions by 70% from these locations.

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Canadian government seeks feedback on federal offset projects on crown, public land

Published 23:42 on July 17, 2024  /  Last updated at 23:42 on July 17, 2024  / Joan Pinto /  Americas, Canada, Voluntary

The Canadian environment ministry is seeking feedback on a white paper released Wednesday that outlines preliminary considerations for nature-based federal offset projects on state-owned or public land.

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Global hotel chain launches community of low-carbon properties

Published 21:18 on July 17, 2024  /  Last updated at 21:18 on July 17, 2024  / Joan Pinto /  Americas, Asia Pacific, EMEA, International, Voluntary

A global hotel chain announced a new programme on Wednesday to encourage wider adoption of carbon reduction practices across its network of properties.

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WCI Market: CCAs pummelled 10% lower as market repositions post-implementation delay to ETS changes

Published 02:17 on July 17, 2024  /  Last updated at 02:17 on July 17, 2024  / Joan Pinto /  Americas, Canada, US

California Carbon Allowances (CCAs) have traded lower for six straight sessions after the release of ARB’s cap-and-trade informal rulemaking workshop slidedeck showing a delay in implementation of proposed changes pushed to 2026 that surprised market participants.

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Think tank releases guidelines for Canadian policymakers facing “trilemma” to achieve low-emissions supply chains

Published 00:40 on July 17, 2024  /  Last updated at 00:40 on July 17, 2024  / Joan Pinto /  Americas, Asia Pacific, Canada, China, EMEA, International, US

A Canadian non-partisan think tank on Tuesday identified trade-offs and policy options for lawmakers in their quest to decarbonise low-emission energy technology supply chains, while supporting national security and compliance with global trade rules.

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US ammonia, biofuels producers combine efforts to reduce carbon footprint of ethanol

Published 00:15 on July 16, 2024  /  Last updated at 00:15 on July 16, 2024  / Joan Pinto /  Americas, RINs & LCFS, US

Top global producers of ammonia and ethanol based in the US announced a joint effort on Monday to pilot low carbon fertiliser application across US farms, thereby lowering the carbon intensity (CI) of corn used in ethanol production.

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