Quebec publishes draft offset regulation for slurry biomethane projects
The Quebec environment ministry on Tuesday said it has proposed a draft regulation for manure biomethane offset projects under the province’s WCI-linked cap-and-trade system.
Read MoreCalifornia fuel consumption dips in 2022, pointing to lower WCI-covered CO2 output
California transportation fuel sales slowed last year after rebounding from the onset of the COVID-19 pandemic, according to data published Tuesday, suggesting depressed CO2 emissions under the state’s WCI-linked cap-and-trade system.
Read MoreRGGI Market: RGAs inch down from 2-mth high as traders look to upside calls
RGGI Allowance (RGA) values slid from a nearly two-month high over the course of the week in line with broader macroeconomic conditions, while some traders pointed to expectations for a bullish outcome from the power sector cap-and-trade system’s programme review in driving more options activity.
Read MoreMaryland’s largest RGGI-regulated power plant files for deactivation
A Maryland-based power plant has filed to shutter slightly earlier than a previously announced deadline, as coal-fired generation continues to go offline within the RGGI carbon market-covered region.
Read MoreUS Carbon Markets and LCFS Roundup for week ending April 6, 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 further progress to block North Carolina’s RGGI plans, a market-based climate policy bill in Connecticut, a Washington state bill to exempt farm fuels from carbon pricing, and a California proposal to restrict Low Carbon Fuel Standard (LCFS) crediting from dairy digesters.
Read MoreNova Scotia includes reserve allowances in June cap-and-trade sale
A third of the volume offered at Nova Scotia’s June carbon market sale will come from a reserve account as the Canadian province winds down its cap-and-trade programme, according to a notice published Thursday.
Read MoreLCFS Market: California prices tick up to 6-week high amid rising financial involvement
California Low Carbon Fuel Standard (LCFS) credit values this week increased towards levels not seen since late February to the bewilderment of some traders, as federal data showed financial players have steadily increased their presence in the futures market in recent months.
Read MoreCanadian VER investor working to execute deal for reforestation carbon removal project
A Toronto-headquartered voluntary carbon credit investor is looking to diversify its existing portfolio of clean cookstove projects with an afforestation and reforestation (AR) endeavour, while reporting a net loss in the fourth quarter, according to a recent financial filing.
Read MoreRGGI Market: RGAs lift to 7-week high as programme review meeting offers further clarity
RGGI Allowance (RGA) prices rose to a nearly two-month high this week after member states discussed their plans to potentially tighten allowance budgets under the cap-and-trade system, and as New York officials said they are designing an economy-wide carbon market with RGGI linkage in mind.
Read MoreAnalysts raise CCA forecast for 2023, dispel near-term RGGI upside
Average California Carbon Allowance (CCA) prices will skew slightly higher this year as speculators jump on regulatory news, while the outlook for financial players in the RGGI Allowance (RGA) market remains bleak in 2023, an analysis firm said in a recent report.
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