Washington to publish preliminary criteria analysis of WCI carbon market linkage this week
The Washington Department of Ecology (ECY) this week will release preliminary analysis of its criteria to link the state’s WCI-modelled cap-and-invest programme with the California-Quebec market, a government official said Monday.
Read MoreRFS Market: RINs nose-dive to nearly 3-year low on narrowing BOHO spread, Middle East conflict
Biofuel credit (RIN) values under the US Renewable Fuel Standard (RFS) plummeted on Monday to the lowest level since early 2021, as traders pointed to continued bearish programme fundamentals around the bean oil-heating oil (BOHO) spread, and potential impacts of sanctions stemming from this weekend’s reignited conflict between Israel and Gaza.
Read MoreWCI carbon market compliance instrument glut nears 400 mln in Q3
The surplus of allowances and offsets in the linked California-Quebec carbon market came closer to reaching 400 mln during the third quarter, while entities shifted more units into compliance accounts, according to data published Wednesday.
Read MoreWashington carbon market uncertainty yielding difficult trading conditions, clouding linkage prospects -participants
Washington state’s shifting of cap-and-trade reserve sale sizes this year has made it difficult to participate in the market, and the resulting instability poses a threat to the jurisdiction’s desire to link with the broader California-Quebec carbon market, traders said Monday.
Read MoreChile publishes regulations to govern offset mechanism under carbon tax
The Chilean government on Friday published regulations setting out the rules for utilising offsets against the country’s $5/tonne carbon tax, including restrictions on geography and expiry.
Read MoreGrowth in new California carbon speculators slows in Q3, as multiple dairies close accounts
Fewer new financial players opened accounts in California’s WCI-linked cap-and-trade programme in Q3 than in previous quarters, while a slew of dairy digester owners exited the programme, according to state data published Friday.
Read MoreUS details plan for $35 mln pilot CDR purchasing programme
The US government on Friday detailed its previously announced plans to allocate up to $35 million to buy carbon dioxide removal (CDR) credits from several pathways as it attempts to help scale the industry and reach net zero GHG output.
Read MoreAnalysts see “mixed bag” for D4 RIN price direction, tight D3 market fundamentals
Biomass-based diesel (D4) RIN prices under the US Renewable Fuel Standard (RFS) may experience countervailing influences in the next couple years, while the market for the D3 category largely filled by renewable natural gas should remain tight, analysts said Thursday.
Read MoreUS EPA not concerned about renewable diesel surge overshooting RFS mandates -official
A recent deluge of biomass-based diesel supply that is hammering RIN prices does not currently present a lot of concern to the US EPA, as the agency decided on its Renewable Fuel Standard (RFS) volumes through an assessment of feedstock availability, a government official said Thursday.
Read MoreRFS Market: RIN prices nosedive to 19-mth low as bearish fundamentals weigh
Renewable Fuel Standard (RFS) credit values fell into the double digits this week as traders said strong biomass-based diesel production and financial players selling was exacerbating a months-long drop in the price of RINs.
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