US EV, CO2 storage, hydrogen tax credits risk repeal, clean fuel production incentives remain in 2025 budget proposals
The House of Representatives’ Ways and Means Committee is expected to vote Tuesday on its section of the US 2025 budget considerations, which involves a mixed bag for clean energy tax credits.
Read MorePM Carney appoints new Canadian environment minister
Canadian Prime Minister Mark Carney announced Tuesday new members to his cabinet, selecting a Toronto parliamentarian to lead the environment ministry.
Read MoreUS DOE deregulates en masse, plans to eliminate 47 regulations
The US DOE announced a proposal to eliminate or reduce 47 regulations from the Federal Register related to appliance standards, energy production, and reporting requirements for grant recipients.
Read MoreAlberta pre-empts federal government, freezes industrial carbon price amidst tariff uncertainty
The provincial government announced Monday it would hold its industrial carbon price at the 2025 rate to keep Alberta businesses competitive, in response to uncertainty from US tariffs, and ahead of any plans from the new federal leadership.
Read More15 states sue over President Trump’s “national energy emergency”
A coalition of 15 states filed a lawsuit to challenge President Donald Trump’s executive order (EO) declaring a “national energy emergency” on the day of his Inauguration, alleging that the action was unlawful.
Read MoreCFTC: Investors resort to V25 CCA, LCFS, RGGI spreads awaiting programme updates
Speculators cautiously raised California Carbon Allowance (CCA), Low Carbon Fuel Standard (LCFS), and RGGI allowance (RGA) spread holdings over the week absent firm regulatory guidance, data published Friday by the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreWhite House, EPA limit agency use of social cost of carbon in policymaking
In consultation with the US EPA, the White House issued agency-wide guidance for policy officers to limit considerations of the social cost of carbon (SCC) metric only as required under statute.
Read MoreWCI Markets: CCA activity stalls as traders await ETS reauthorisation resolution
Transaction activity in California Carbon Allowances (CCA) cooled through the week amid plentiful programme reauthorisation discussions, but without guidance on rulemaking timelines or lawmakers’ legislative priorities for cap-and-trade post 2030.
Read MoreCalifornia advisory body offers lawmakers gameplan to redesign ETS during reauthorisation process
Cap-and-trade reauthorisation post 2030 presented California lawmakers with an opportunity to redesign elements of the ETS based on policy priorities, rather than defer key decisions to ARB, a legislative agency recommended in a report Wednesday.
Read MoreResearcher proposes “imperfect idea” to address California’s fuel affordability with higher carbon prices on the horizon
A researcher presented alternative use of California cap-and-trade revenues to dull the edge off of rising compliance costs expected to increase fuel prices, as lawmakers plan for extending the programme post 2030.
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