US Carbon Markets and LCFS Roundup for week ending May 26, 2023
A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including Minnesota budget language to study a clean transportation fuel standard.
Read MoreCalifornia mints largest batch of compliance offsets in 14 months
California this week distributed the highest number of compliance offsets in over a year, with the vast majority of the credits under the cap-and-trade programme accruing to an in-state forestry project, according to government data published Wednesday.
Read MoreCalifornia Q1 power emissions drop to lowest in 10 years
California electricity sector CO2 output sagged over the last two months of the first quarter as hydroelectric generation ramped up following an end to much of the state’s historic drought, recent data showed.
Read MoreCalifornia, Quebec announce June workshop to discuss potential cap-and-trade amendments
California and Quebec on Wednesday said they will hold a joint workshop next month to discuss potential amendments to strengthen the jurisdictions’ linked cap-and-trade systems.
Read MoreRGGI emitters’ permit shortages shrink further in Q1
Compliance entities regulated under the power sector RGGI programme grew closer to filling their compliance shortfall during Q1 as their allowance holdings nearly matched outstanding CO2 obligations, according to a report published Tuesday.
Read MoreVirginia board to vote next month on finalising RGGI regulation repeal
A Virginia regulatory board next month will vote to approve final amendments rescinding the state’s RGGI-linked cap-and-trade regulation, according to a government notice published Monday, setting the stage for potential litigation once the contested move takes effect.
Read MoreResearchers warn buyers to stay away from new Alaska carbon offset programme
Voluntary carbon credit buyers should shun forest-based offsets generated through Alaska’s forthcoming state-run programme due to additionally concerns, a research group has warned.
Read MoreFormer US congressman to lead business development at refrigerant carbon credit developer
A former US Democratic Congressman has taken a business development role at a Washington DC-based company that is seeking to deploy refrigerant carbon credit projects across the globe.
Read MoreKraneShares’ carbon offset ETF sees net assets crash 90% in 13 months
Asset manager KraneShares on Friday saw the total net assets of its voluntary carbon offset exchange-traded fund dip to 90% below the starting value in just over the past year, as integrity concerns and a rough macroeconomic picture have rocked standardised credit prices.
Read MoreRGGI Market: Motivated buyer lifts RGAs to one-month high
RGGI Allowance (RGA) values rose over the past week as one large buyer reportedly drove the market higher, with traders offering different theories why either emitters or speculators could be behind the move.
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