Washington cap-and-invest allowance allocation to industrials ticks up in 2024

Published 22:25 on October 27, 2023  /  Last updated at 22:25 on October 27, 2023  / Matthew Lithgow /  Americas, US

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.

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WCI Markets: CCAs set new record high following workshop notice, WCAs climb on thin volume

Published 22:14 on October 26, 2023  /  Last updated at 00:46 on October 27, 2023  / Matthew Lithgow /  Americas, Canada, US

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.

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Oregon Clean Fuels Program chief plans departure for national biofuels lobby

Published 22:28 on October 25, 2023  /  Last updated at 22:34 on October 25, 2023  / Matthew Lithgow /  Americas, Bavardage, RINs & LCFS, US

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.

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WCI jurisdictions to show carbon price impacts of allowance budget cuts following Q4 auction

Published 22:31 on October 24, 2023  /  Last updated at 22:31 on October 24, 2023  / Matthew Lithgow /  Americas, Canada, US

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.

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Washington lays out potential cap-and-invest changes to facilitate WCI linkage

Published 22:00 on October 23, 2023  /  Last updated at 22:03 on October 23, 2023  / Matthew Lithgow /  Americas, Canada, US

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.

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Grassland CO2 stocks may shrink as plant biodiversity decreases -study

Published 19:37 on October 20, 2023  /  Last updated at 19:37 on October 20, 2023  / Matthew Lithgow /  International, Nature-based, Voluntary

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.

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LCFS Market: Oregon credit prices shed 10% in October as losses hit multiple programmes

Published 20:49 on October 18, 2023  /  Last updated at 20:49 on October 18, 2023  / Matthew Lithgow /  Americas, RINs & LCFS, US

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.

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California regulator’s LCFS branch chief departs ahead of rulemaking start

Published 22:54 on October 17, 2023  /  Last updated at 22:54 on October 17, 2023  / Matthew Lithgow /  Americas, RINs & LCFS, US

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.

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Trading firm lands North American carbon portfolio manager from power company

Published 17:04 on October 17, 2023  /  Last updated at 17:55 on October 17, 2023  / Matthew Lithgow /  Americas, Bavardage, Canada, US

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.

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LCFS Market: Washington prices plummet 33% following Q1 credit data publication

Published 23:02 on October 10, 2023  /  Last updated at 14:18 on October 11, 2023  / Matthew Lithgow /  Americas, RINs & LCFS, US

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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