Pennsylvania Supreme Court appeals hearing of RGGI injunction centres on taxation issue
Pennsylvania’s attempt to enact its RGGI-linked cap-and-trade regulation faced another skirmish at the Supreme Court of Pennsylvania on Wednesday, as both the state and environmental groups appealed the Commonwealth Court’s preliminary injunction against the rule that opponents have painted as an illegal tax.
Read MoreXpansiv to launch California LCFS spot contract this summer
Carbon market exchange operator Xpansiv on Tuesday announced it is launching the first California Low Carbon Fuel Standard (LCFS) spot contract this summer, as the clean transportation market continues to grow in relevance.
Read MoreBrazil swapping Bolsonaro’s bottom-up climate decree for new carbon market approach -report
The first shift in Brazilian carbon market regulation under President Luiz Inacio Lula da Silva has begun after local media reported of an impending scrap of last May’s presidential decree from right-wing predecessor Jair Bolsonaro, while a Senate committee has scheduled a hearing on a related bill this week that could draw executive branch backing.
Read MoreBrazilian state to ink 250 mln REDD credit deal with Swiss energy trading firm
An Amazon-adjacent Brazilian state will sign a 10-year agreement to supply hundreds of millions of avoided deforestation carbon credits to a Swiss commodity trader, the subnational government announced Wednesday.
Read MoreAlaska lawmakers pass voluntary carbon offset bill for state forestlands
The Alaska legislature on Tuesday passed a bill to establish a statewide voluntary carbon offset programme for its forestlands, leaving only Governor Mike Dunleavy’s (R) upcoming signature standing in the way of the bill becoming law.
Read MoreMethane offset developer buys US-based orphaned wells remediator
A Pennsylvania company that has been plugging abandoned oil and gas wells in the Appalachian Basin for 50 years is selling a majority stake to a Florida-headquartered methane offset developer, the firms announced Tuesday.
Read MoreLatin America’s biggest investment bank buys minority stake in Brazilian offset developer
A Brazilian offset developer active in REDD+ projects has sold a minority stake in its company to Latin America’s largest investment bank, the firms announced Monday.
Read MoreRGGI Market: RGA prices inch up, while EPA power plant regulations could motivate membership
RGGI Allowances (RGAs) posted modest price gains this week despite a lack of clear market drivers and reduced volume, while traders said newly released draft federal CO2 regulations may incentivise additional states to join the cap-and-trade scheme in the future.
Read MoreSpeculators sell CCAs ahead of auction, producers continue to reduce RGGI net length
Financial entities sold off a significant chunk of their California Carbon Allowance (CCA) net length this week as they continued to pare down in RGGI, while compliance players continued to shed holdings across the board, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: California carbon slips to four-week low as auction approaches, WCA trade dries up
California Carbon Allowance (CCA) prices largely trended downward this week in the lead-up to next week’s joint auction, while Washington Carbon Allowance (WCA) trade came to a near halt as participants awaited further programme clarity from the scheme’s own forthcoming sale.
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