US DOE rushes out funding awards ahead of government turnover, $100 mln to carbon conversion
The US DOE announced $100 million in available federal funding on Wednesday to develop technologies that convert CO2 emissions from industrial operations and power generation into usable products.
Read MoreUS DOE channels $101 mln into cement, power plant decarbonisation
The US DOE announced Tuesday another tranche of $101 million in federal funding to support development and deployment of technologies to capture CO2 emissions from industrial operations and power generation.
Read MoreRGGI auction volumes drop 3.5% for first quarterly sale of 2025, CCR bucket refilled
RGGI states will offer 3.5% fewer permits at their Q1 sale compared to the prior quarter, along with a Cost Containment Reserve (CCR) restocked for 2025, according to a Tuesday announcement.
Read MoreCFTC: Specs trim carbon risk amid early year macro weakness
Producers added length while speculators took a step back from California Carbon Allowance (CCA), RGGI Allowance (RGA) holdings, while both groups made significant reductions to their Low Carbon Fuel Standard (LCFS) net length into start of year macro market weakness, according to delayed data released Monday from the US Commodity Futures Trading Commission (CFTC).
Read MoreRGGI Market: RGAs battered for second week of 2025
RGGI allowances (RGAs) in the secondary market continued to lose momentum for the second week of the year, with the benchmark plunging 13.5% since the close of December.
Read MoreWCI Markets: Rocky start to the year for CCAs
Traders scrambled for reasons to explain the start of year weakness in California Carbon Allowances (CCA) as macro risk-off sentiment spread across broader markets.
Read MoreWCI credit glut peaks to new record at the end of 2024 despite full fourth compliance period retirements
California-Quebec joint carbon market participants held a surplus of nearly 409 million excess allowances and offsets in Q4 2024, after emitters met their obligations for the fourth compliance period, according to WCI programme data published Tuesday.
Read MoreUS Treasury races to finalise clean electricity tax credits before administration change
The US Department of Treasury (DOT) and the Internal Revenue Service (IRS) released on Tuesday final federal guidance on eligibility for income tax credits in the investment and production of clean electricity, days before the start of President-elect Donald Trump’s second term.
Read MoreRGGI Market: RGAs trend downward absent regulatory updates, weather support
Into the first few trading days of 2025, benchmark RGGI allowances (RGAs) slipped below $24, with traders having “little confidence” in regulatory updates forthcoming in Q1, and barring above seasonal average cold weather heating demand.
Read MoreWashington sets stage for first quarterly permit sale of 2025
Washington state’s Department of Ecology (ECY) released details for its Q1 allowance auction in March that does not include advance sale permits, according to a notice published by the agency on Monday.
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