California plans LCFS workshop on automatically strengthening CI targets
California regulator ARB on Thursday announced it will hold a workshop to gather feedback on a potential mechanism to automatically accelerate the carbon intensity (CI) benchmarks set by the transportation sector Low Carbon Fuel Standard (LCFS) programme.
Read MoreCalifornia approves intentional reversal of over 100k compliance offsets
A Virginia-based improved forest management (IFM) offset project must submit over 100,000 compliance instruments under California’s cap-and-trade programme to account for an intentional reversal, according to state data published Wednesday.
Read MoreRFS Market: Potential delay in ‘e-RINs’ pathway drives up D3 prices to 3-mth high
The price of D3 RINs jumped in recent days following a media report that the US EPA may delay a proposal that would permit electric vehicles (EV) automakers to earn Renewable Fuel Standard (RFS) credits by using renewable electricity produced from biogas.
Read MoreRGGI Market: RGAs plateau despite shrinking allowance surplus
RGGI Allowances (RGAs) posted modest price declines this week as a continued lack of news from the third programme review starved the market of a catalyst, even as a new report showed the power sector scheme’s permit glut fell last year.
Read MoreSpeculators reverse course on CCAs, compliance and financials shed RGGI
Financial entities built up their California Carbon Allowance (CCA) net length this week as they continued to pare down in RGGI, while compliance players shed length across the board, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: WCAs correct following emergency rulemaking, CCAs slip on banking failures
Washington Carbon Allowance (WCA) values tumbled this week in response to forthcoming emergency rulemaking provisions for the programme’s permit reserve, while California Carbon Allowance (CCA) prices declined on extremely light volumes amid numerous bank failures and ahead of the Q3 WCI auction.
Read MoreBrazilian Senate passes Bolsonaro-era voluntary carbon measure for public forest concessions
The Brazilian Senate on Tuesday voted in favour of legislation allowing the sale of voluntary carbon credits from public forest concessions, leaving only President Luiz Inacio Lula da Silva to sign his predecessor’s bill into law.
Read MoreFormer Shell VP joins carbon capture firm
The former Vice President of Energy Transition for Shell USA is joining an Illinois-based carbon capture company as Executive Vice President of Growth and Strategic Projects, the company said in a press release Wednesday.
Read MoreAmended New York budget eschews cap-and-trade design details, focuses on revenue investments
New York lawmakers dropped virtually all programme design-related elements for the state’s economy-wide cap-and-trade system in a revised budget package presented Monday, instead merely detailing how the Empire State will distribute allowance revenues via rebates or climate investments.
Read MoreWashington state argues power producer is not a utility, does not qualify for free carbon allowances
Washington Department of Ecology (ECY) filed a response on Friday in the lawsuit between the state and Chicago-based power firm Invenergy, where the ECY argued Invenergy is not similar to utilities receiving free allowances.
Read More