Washington state reveals free carbon permit allocation totals for natural gas utilities
The Washington Department of Ecology on Tuesday published the schedule for distributing no-cost allowances to natural gas utilities under the state’s cap-and-invest regulation with one company receiving the majority.
Read MoreMultilateral fund allocates $40 mln to Indigenous people for nature-based climate action
Climate Investment Funds on Tuesday said it earmarked $40 million in grant financing that will allow Indigenous and local communities across the Global South to engage in natural climate solutions.
Read MoreMicrosoft beefs up “high durability” solutions in latest carbon removal procurement round
Microsoft over the past year ratcheted up its contracted volume of engineered carbon removal credits that will store GHGs for thousands of years, though still procured millions of tonnes of nature-based units with shorter permanence horizons, the tech giant said Tuesday.
Read MoreUS commodities regulator to hold second voluntary carbon markets gathering next month
The US Commodity Futures Trading Commission (CFTC) on Tuesday announced it will host its second voluntary carbon markets (VCM) convening in July that may inform future guidance or interpretations related to the agency’s authority over the sector.
Read MoreWashington state previews rulemaking to cover imported power in carbon market
The Washington Department of Ecology (ECY) on Monday announced a rulemaking to ensure certain electricity importers are assigned a compliance obligation under the state’s WCI-modelled cap-and-invest programme.
Read MoreCalifornia gasoline, diesel consumption trend down during March
California gasoline and diesel sales continued to lag year-ago levels during March, causing estimated Q1 cap-and-trade covered emissions to deviate further below 2022 totals, according to state data published Friday.
Read MoreLCFS Market: California prices notch 2-mth low on strong biofuel generation numbers, waning financial bids
California Low Carbon Fuel Standard (LCFS) values faded to a two-month low this week that traders attributed to surging volumes of biomass-based diesel and financial players taking a breather.
Read MoreMassachusetts June GWSA carbon auction settles at lowest price in five sales
Massachusetts’ Global Warming Solutions Act (GWSA) current vintage cap-and-trade auction this month settled at the lowest level since last March as offered volume increased, while the future vintage sale cleared at the highest price since September, according to results published Wednesday.
Read MoreUS commodities regulator seeks tips on carbon market misconduct
The US Commodity Futures Trading Commission (CFTC) on Tuesday issued an alert to inform the public on how to report instances of fraud and manipulation in carbon markets, as the regulator asserts its authority to oversee the spot credits that inform environmental futures contracts.
Read MoreCalifornia should re-engage on carbon market leadership when considering linkage, watchdog says
California should take a larger role in engaging climate cooperation with subnational jurisdictions when it considers expanding agreements with its WCI-linked cap-and-trade programme, the state’s carbon market watchdog said Tuesday.
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