Washington cap-and-invest allowance allocation to industrials ticks up in 2024
Washington state industrial emitters will receive slightly more free allowances under the cap-and-invest programme in 2024 than this year, with some individual economic sectors seeing fluctuations of several hundred thousand permits, according to government data published Friday.
Read MoreWCI Markets: CCAs set new record high following workshop notice, WCAs climb on thin volume
California Carbon Allowance (CCA) values rocketed to a new all-time peak after the WCI jurisdictions said they will present modelling of how slashing their cap-and-trade budgets could impact permit prices, while Washington Carbon Allowance (WCA) prices jumped early in the week despite the market remaining relatively illiquid.
Read MoreOregon Clean Fuels Program chief plans departure for national biofuels lobby
The leader behind the Oregon Clean Fuels Program (OCFP) will take up a senior position at a national advanced biofuels group in early 2024, the organisation announced Tuesday, meaning two West Coast jurisdictions are losing their government agency heads for their respective low-carbon fuel standard (LCFS) programmes.
Read MoreWCI jurisdictions to show carbon price impacts of allowance budget cuts following Q4 auction
California and Quebec will host a public workshop shortly after the Q4 auction next month to discuss how different cap reduction scenarios will affect allowance prices in the WCI-linked carbon market, the jurisdictions announced Tuesday.
Read MoreWashington lays out potential cap-and-invest changes to facilitate WCI linkage
The Washington Department of Ecology (ECY) on Monday provided an overview of potential alterations to its cap-and-trade system it may request should the agency decide to link with the broader California-Quebec market, including revisions to auction purchase limits, offset eligibility, and electricity emissions reporting.
Read MoreGrassland CO2 stocks may shrink as plant biodiversity decreases -study
The loss of plant biodiversity in global grasslands can cause terrestrial carbon stocks to wane, with the reasoning behind the phenomenon going against researchers’ original hypothesis, according to a study published Thursday.
Read MoreLCFS Market: Oregon credit prices shed 10% in October as losses hit multiple programmes
Oregon Clean Fuels Program (OCFP) credit values continued their weeks-long descent in recent days as traders reported the market seems more balanced, following on from even greater losses in neighbouring Washington state earlier this month.
Read MoreCalifornia regulator’s LCFS branch chief departs ahead of rulemaking start
California regulator ARB’s branch chief responsible for overseeing the Low Carbon Fuel Standard (LCFS) has departed the agency just weeks before the commencement of a major rulemaking process to amend the transportation sector climate programme.
Read MoreTrading firm lands North American carbon portfolio manager from power company
A Chicago-based proprietary trading company has poached a North American environmental products portfolio manager from a long tenure at a New York-based electricity generation development and investment firm, Carbon Pulse has learned.
Read MoreLCFS Market: Washington prices plummet 33% following Q1 credit data publication
Washington Clean Fuels Program (WCFP) prices have lost a third of their value in just over a week after recent data showed the inaugural quarter of the low-carbon fuel standard produced a credit surplus.
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