Republican lawmakers seek Delaware’s exit from RGGI
A group of Republican legislators sponsored a bill in the state senate Thursday aiming to withdraw Delaware from participation in RGGI.
Read MoreBipartisan US lawmakers reintroduce abandoned well R&D legislation
A bipartisan group of US lawmakers introduced legislation in both chambers of Congress earlier this week seeking to develop new technology to detect and plug orphaned oil and gas wells.
Read MoreUS Senate bill aims at reversing federal vehicle emissions regulations
A bill looking to overhaul transportation choices for consumers and vehicle emissions standards was introduced in the US Senate earlier this week.
Read MoreCFTC: CCA, WCA, LFS driven by legislative certainty amidst regulatory uncertainty
A mixture of legislative certainty and regulatory uncertainty drove investor sentiment across California Carbon Allowance (CCA), Washington Carbon Allowance (WCA), and Low Carbon Fuel Standard (LFS) futures and options holdings, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: ETS extension optimism fuels CCAs higher, WCA programme tweaks spur a rally
Optimism from the start of discussions to extend cap-and-trade post 2030 supported California Carbon Allowance (CCA) prices higher after a sub-$30 auction result mid-week, while Washington Carbon Allowances (WCAs) reversed higher as lawmakers deliberated programme modifications.
Read MoreBRIEFING: Affordability takes centre stage in California’s cap-and-trade reform, extension deliberations
Experts nudged policymakers to prioritise tangible benefits for California consumers to address affordability concerns as they consider the state’s cap-and-trade scheme revisions and reauthorisation beyond 2030.
Read MoreWCI Markets: Traders unfazed as Q1 auction settles sub-$30, lowest in two years
The Q1 California-Quebec current vintage carbon auction settled in line with secondary market prices and market expectations for a sub-$30 clear, even as California Carbon Allowance (CCA) futures had already moved higher post sale in anticipation of the start of programme extension discussions.
Read MoreCalifornia agency outlines rejection of LCFS amendments
The administrator responsible for reviewing rules put forth by California’s state agencies issued on Tuesday a detailed list of reasons for disapproving the November regulatory changes to the Low Carbon Fuel Standard (LCFS).
Read MoreRGGI compliance entities hold surplus permits at end 2024 despite higher Q4 emissions -report
RGGI compliance entities switched to a RGGI permit surplus in Q4 from a shortfall through the prior quarter, while RGGI credit prices in the secondary market eased from records, according to the latest market monitor report.
Read MoreRGGI Market: Easing winter demand, pre-auction positioning pushes RGAs sub-$22
RGGI allowance (RGA) prices sold off over the week with the benchmark once again sliding below $22 on Monday as near-term winter weather forecasts normalised and traders positioned ahead of the upcoming first quarterly permit sale next month.
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