Multi-year US RFS blending quotas underwhelm on advanced biofuels, avoid E-RINs
The US EPA published its final Renewable Fuel Standard (RFS) blending quotas on Wednesday for the next three years without the ‘e-RIN’ proposal, as the advanced biofuels quota surprised market participants by not increasing as much as expected compared to the preliminary volumes.
Read MoreExperts defend structure of Washington carbon allowance reserve sales, but target improvements
Washington state’s decision to only offer a fraction of its Allowance Price Containment Reserve (APCR) allowances at the mechanism’s first sale in August will help maintain environmental integrity and provide compliance assurance in the cap-and-trade scheme, though an alternative process could better achieve these outcomes, experts told Carbon Pulse.
Read MoreBrazilian industry group proposes plan for national cap-and-trade programme
A business group representing Brazil’s industrial sector presented a plan to the federal government on Tuesday for implementing a national cap-and-trade programme that could add 5% to the country’s GDP, as President Luiz Inacio Lula da Silva’s administration reportedly is getting closer to introducing its own proposal for a regulated carbon market.
Read MoreUS forest data could become widely available under new bill
A bill to make the US Forest Service’s forest inventory analysis programme (FIA) easily accessible to the public was introduced to both houses of Congress by a bipartisan team of representatives and senators over the past month.
Read MoreWCI current vintage auction size slightly reduced for Q3 sale
California and Quebec will offer slightly fewer carbon allowances at this August’s auction compared to the Q2 2023 sale last month, according to a government notice published Friday.
Read MoreCanada-based developer finalises $2.5 mln pre-sale of African reforestation credits to mystery buyer
A Sierra Leone rewilding project run by a Canadian company had $2.5 million (C$3.3 mln) of its yet-to-be generated carbon credits pre-purchased by a Fortune 100 company, the developer announced Thursday.
Read MoreQuebec awards more offsets than California, as ARB’s distribution craters
Quebec distributed more compliance offsets than WCI partner California this week, as a plunge in the Golden State’s issuances lined up with one of the few yearly allocations by La Belle Province, according to government data published Wednesday.
Read MoreSpeculators slash CCA length, producers favour current California vintage and buy RGAs
Speculators significantly reduced their net holdings of California Carbon Allowances (CCAs) this week, while producers built length in the current vintage WCI contract and picked up RGGI Allowances (RGAs), data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: CCAs tick up on weak volume, WCAs drop following auction results as trade explodes
California Carbon Allowance (CCA) prices inched higher this week on relatively low volume as post-auction selling ran into support from long-term buyers and options trading, while Washington Carbon Allowances (WCAs) continued to lose ground both before and after the scheme’s Q2 auction result publication.
Read MoreWashington Q2 carbon auction clears above Tier 1 reserve price, first advance sale settles far below
The second current vintage auction of Washington state’s WCI-modelled cap-and-trade programme sold all allowances above the scheme’s lower reserve tier trigger price, though the first advance sale settled well below that, according to results published Wednesday.
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