Brazil Senate delays ETS bill vote to consider agriculture sector amendments
A Brazil Senate committee on Wednesday for the third time delayed a vote on cap-and-trade legislation, which in the most recent instance will involve discussing proposed amendments from the country’s agribusiness lobby.
Read MoreThree carbon credit standards re-apply for CORSIA first phase eligibility
Three offset standards have once again sought eligibility to supply units eligible for the next phase of UN body ICAO’s global aviation offsetting scheme CORSIA, according to documents published Tuesday.
Read MoreLCFS Market: California prices snap back towards $70 after aggressive selling halts
California Low Carbon Fuel Standard (LCFS) credit values rebounded on Thursday from a six-month low set earlier in the week after a major electric vehicle manufacturer reportedly stopped selling units.
Read MoreCalifornia transportation CO2 output trends lower through H1 as gasoline stagnates, diesel drops
California gasoline sales in June nearly equalled year-ago levels as diesel consumption fell, continuing the trend of the state’s cap-and-trade covered transportation sector GHG output trailing historic levels through the first half of 2023, according to state data published Wednesday.
Read MoreBrazil ETS bill slated for Senate vote next week, as numerous amendments incorporated
The Brazil Senate Environmental Committee on Wednesday delayed a vote on amended cap-and-trade legislation until next week, with new changes seeking to more fully exempt certain sectors from compliance obligations and promote the role of nature-based carbon credits.
Read MoreLCFS Market: California prices wilt to 6-mth low as rulemaking timeline continues to weigh
California Low Carbon Fuel Standard (LCFS) credit values on Monday sagged to levels not seen since March, as market participants continued to digest the impact of state regulator ARB’s current timeline for tightening the programme’s carbon intensity (CI) reduction benchmarks.
Read MoreRGGI Market: RGAs notch new YtD highs as weather, programme review provide support
RGGI Allowances (RGA) values lifted once again this week to new year-to-date highs and approached all-time records, as market participants pointed to bullish support from the strong Q3 auction performance, weather, and the upcoming Third Program Review meeting.
Read MoreLCFS Market: California prices cool as slow rulemaking timeline stunts rally
California Low Carbon Fuel Standard (LCFS) values dipped on Thursday afternoon to more than reverse a brief early-week rally, as traders said state regulator ARB’s extended timeline for implementing more ambitious carbon intensity (CI) reduction targets will come under pressure from the programme’s exploding surplus bank.
Read MoreWashington reveals names of registered participants in cap-and-invest system
The Washington state Department of Ecology (ECY) on Wednesday published the list of entities registered to hold allowances and offsets in the state’s WCI-modelled cap-and-invest programme, with the number of companies roughly 75% higher than entities that have qualified to bid in auctions.
Read MoreWashington announces rulemaking to broaden offset project scope under cap-and-invest system
The Washington Department of Ecology (ECY) on Tuesday announced a forthcoming rulemaking to consider adding new offset protocols and updating existing ones under the state’s cap-and-trade programme.
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