Renewable fuel oversupply possible after small refinery exemption ruling against EPA -experts

Published 22:44 on December 8, 2023  /  Last updated at 22:44 on December 8, 2023  / William Koblensky Varela /  Americas, RINs & LCFS, US

The US Court of Appeals for the Fifth Circuit ruling in favour of small refineries’ arguments for exemptions for ethanol blending under the Renewable Fuel Standard (RFS) against the EPA could cause a renewable fuel supply glut, two industry experts agreed.

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RGGI Q4 auction clears at new all-time high

Published 15:17 on December 8, 2023  /  Last updated at 19:15 on December 8, 2023  / William Koblensky Varela /  Americas, US

The Q4 RGGI cap-and-trade auction cleared well above its previous all-time record settlement and in line with broad market expectations, slightly below secondary market values with an uptick in compliance participation, according to results published Friday.

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Massachusetts unveils proposed Clean Heat Standard draft framework

Published 23:49 on December 7, 2023  /  Last updated at 23:49 on December 7, 2023  / William Koblensky Varela /  Americas, US

Suppliers of building heating oil, propane, natural gas, and electricity in Massachusetts will be subject to a proposed Clean Heat Standard (CHS) as of 2026, the state’s Department of Environmental Protection (DEP) outlined at a technical briefing on Thursday.

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UPDATE – Canada unveils cap-and-trade system for oil and gas emissions

Published 18:09 on December 7, 2023  /  Last updated at 23:50 on December 7, 2023  / William Koblensky Varela /  Americas, Canada, Paris Article 6

Canada unveiled plans on Thursday for a cap-and-trade system for its oil and gas sector, with the government aiming to introduce reporting requirements from 2026 and set out a 2030 emissions cap, but giving no clear indication on when the market would launch.

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Canada will use cap-and-trade to tackle oil and gas sector emissions

Published 22:26 on December 6, 2023  /  Last updated at 20:47 on December 7, 2023  / William Koblensky Varela /  Americas, Canada

The Canadian federal government confirmed on Wednesday that its long-awaited oil and gas emissions policy will come in the form of a cap-and-trade system, but there appears to be some confusion as to when it will start.

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Carbon pricing widened environmental justice gap in Canadian province -study

Published 20:40 on December 6, 2023  /  Last updated at 20:40 on December 6, 2023  / William Koblensky Varela /  Americas, Canada, Carbon Taxes

A Canadian province’s price on carbon lowered emissions and created co-benefits in every area of its jurisdiction, but environmental improvements were greatest in the wealthiest areas, according to a study published Tuesday.

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Non-profit says corn ethanol carbon removal is mislabelled

Published 23:30 on December 5, 2023  /  Last updated at 23:30 on December 5, 2023  / William Koblensky Varela /  Americas, RINs & LCFS, US, Voluntary

Producing corn ethanol emits GHGs and using a carbon capture plant at a biofuel facility doesn’t result in a net-carbon removal, argued a climate modelling non-profit.

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PREVIEW: Traders divided over likelihood of RGGI Q4 auction clearing above CCR trigger

Published 22:37 on December 5, 2023  /  Last updated at 22:37 on December 5, 2023  / William Koblensky Varela /  Americas, US

Market participants were divided over whether the December RGGI auction would clear above or below the Cost Containment Reserve (CCR) trigger price, but even participants who were expecting extra volume said it was unlikely to sell out.

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RGGI Markets: Prices steady on high volume ahead of auction

Published 21:23 on December 4, 2023  /  Last updated at 21:23 on December 4, 2023  / William Koblensky Varela /  Americas, US

RGGI allowance (RGA) values seesawed over the week amid skyrocketing volume ahead of the coming Q4 auction, as an exchange traded fund (ETF) sold off some of its holdings and the front-month contract went into delivery.

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Carbon credit registry readies new version of US IFM methodology

Published 22:32 on December 1, 2023  /  Last updated at 22:35 on December 1, 2023  / William Koblensky Varela /  Americas, Nature-based, US, Voluntary

An update to an existing Improved Forest Management (IFM) methodology in the US will be proposed early next year, the certifier announced on Friday.

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