Alignment necessary between California LCFS and US RFS on electricity crediting
California regulator ARB and the US government must pursue harmonisation between the treatment of biogas-derived electricity under the Low Carbon Fuel Standard (LCFS) and Renewable Fuel Standard (RFS) as a new addition to the latter biofuels programme takes shape, a conference heard Thursday.
Read MoreWashington needs “flexibility to acquiesce” to California in carbon market linkage pursuit
Washington state should have the ability to alter its WCI-modelled cap-and-trade programme and more closely align with California as the jurisdictions pursue linkage, though it is difficult to say whether full fungibility between the two carbon markets as currently structured could take place, a conference heard Wednesday.
Read MoreRGGI states to look into zeroing out allowance caps by 2040
The 11 RGGI member states will look into ratcheting down yearly allowance caps to zero by 2040 as one possible scenario in the power sector carbon market’s third programme review, according to a document posted Wednesday.
Read MoreCalifornia DEBs offset premium to double by 2030 -analysts
California Carbon Offsets (CCOs) with direct environmental benefits to the state (DEBs) will retail for more roughly double the price of credits without this distinction by the end of the decade, analysts said Tuesday.
Read MoreNew York Senate budget proposal bans trading in cap-and-invest programme, enables RGGI linkage
The New York Senate put forth an annual budget last week that prevents allowance trading in Governor Kathy Hochul’s (D) proposed economy-wide carbon market and fosters linkage to the RGGI programme, though it is unclear if the executive branch and Assembly will agree to the language as end-month negotiations ensue.
Read MoreParaguay lawmakers introduce carbon credit regulatory framework bill
A group of Paraguay senators has put forth legislation that would set up a national carbon offset registry and help track the transfer of credits abroad, with the country required to hold back a portion of these units to meet its own Paris Agreement target.
Read MoreWCI current vintage auction size inches down for Q2 sale
California and Quebec will offer slightly fewer carbon allowances at the May auction compared to the first 2023 sale last month, according to a government notice published Friday.
Read MoreUS Carbon Markets and LCFS Roundup for week ending Mar. 17, 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 a sponsorship memorandum for a Republican-led Pennsylvania low-carbon fuel standard (LCFS).
Read MoreNova Scotia earmarks more free allowances to utility, alters auction purchase limits to address compliance shortfall
The Nova Scotia government has approved several changes to its outgoing cap-and-trade programme to provide emitters with compliance pathways, including giving millions of free permits to the Canadian province’s utility and letting entities purchase more allowances than usual, according to a government order seen by Carbon Pulse.
Read MoreFrench company directs €1 mln towards tech-based carbon removal purchases
A Paris-headquartered environmental services firm on Thursday said it helped corporates buy €1 mln worth of carbon removal units from tech-based endeavours.
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