New 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.
Read MoreWisconsin attempts again to legislate path to net zero by 2050
Wisconsin lawmakers introduced legislation Monday aiming to create a plan for the state to hit an emissions reduction target for 2030 and net zero in 2050.
Read MoreUPDATE – WCI Markets: California lawmakers amend bill to scrap ETS extension, raise price ceiling
California lawmakers this week amended one of the bills introduced to cement the state legislature’s intent to extend the cap-and-trade programme past 2030, stripping reauthorisation language to instead adjust price ceiling provisions under the scheme.
Read MoreRGGI Market: Power demand to drive near-term RGA prices
With the Q1 auction completed last week, market participants expect RGGI allowance (RGA) futures prices to take their cue near-term from power demand in the absence of progress on the regulatory front.
Read MoreUS EPA repromotes WSJ editorial on CO2 regulation rollback
The US EPA on Friday republished an editorial from the Wall Street Journal (WSJ) that explored the legal basis of the agency’s formal reconsideration of the 2009 Endangerment Finding announced earlier this week, ahead of expected lawsuits.
Read MoreUPDATE – RGGI Market: Q1 auction clears in line with secondary market and trader expectations, CCR sold out
The first RGGI cap-and-trade auction of 2025 settled in line with RGGI Allowances (RGAs) in the secondary market the day before the sale, and below $20 as many market participants had expected, with Cost Containment Reserve (CCR) volumes cleared out.
Read MoreWCI Markets: ARB’s latest ISOR tangle crushes CCAs again, WCAs ride high post Q1 sale
California regulator ARB shifting goalposts in releasing the Initial Statement of Reasons (ISOR) signalling formal ETS rulemaking once again pummelled California Carbon Allowances (CCA) prices, while Washington Carbon Allowances (WCA) gained momentum after a strong first quarterly permit sale earlier this week.
Read MoreUPDATE – WCI Markets: CCAs slammed after ARB quietly shifts goalposts for ETS updates on website
California Carbon Allowances (CCA) in the secondary market sold off after hours Wednesday in response to cap-and-trade programme regulator ARB quietly shifting the goalposts of completing proposed ETS updates on their website without an official notice to participants.
Read MoreUS EPA takes wrecking ball to environmental regulation
The administrator of the US EPA announced Wednesday the rollback of 31 regulatory actions, reversing core foundations of the nation’s environmental policy crafted under prior administrations.
Read MorePREVIEW: RGGI Q1 allowance sale battered sub-$20 amidst US-Canada tariff tit-for-tat uncertainty
Market participants and analysts largely expect RGGI’s first quarterly permit sale to clear sub-$20 amid ongoing macro uncertainty from US-Canada tariff-driven volatility and lack of regulatory clarity.
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