Massachusetts initiates stakeholder process to operationalise Clean Heat Standard
The Massachusetts Department of Environmental Protection (MassDEP) on Tuesday published a stakeholder discussion document detailing its intent to implement a Clean Heat Standard (CHS) as quickly as 2024.
Read MoreGWSA March cap-and-trade auction clears at lowest level in three sales
Power generators regulated under Massachusetts’ Global Warming Solutions Act (GWSA) carbon market purchased allowances at the March current and advance auction at the lowest price since Q2, according to results published Thursday.
Read MoreLow initial demand to register federal Canadian offset projects due to overlapping protocol
The Canadian federal offset system has only received one project application since its publication in June because its first protocol is already covered by the provinces, according to the government agency tasked with running the programme.
Read MoreUPDATE – Financials opening more short positions in RGGI due to growing allowance bank -analyst
Investors have taken up greater short positions in the power sector RGGI carbon market because of its growing allowance bank, an analyst told the North American Carbon World (NACW) conference in Anaheim on Tuesday.
Read MoreVoluntary carbon demand to taper off for avoidance, ramp up for removals -analyst
Avoidance-based carbon offsets will be sold for “bargain basement prices” to companies practicing “corporate charity” by the end of the decade, while demand for carbon removals will exceed the current projected supply, an analyst said Tuesday.
Read MoreFuel producers support higher CI reductions, oppose avoided methane crediting phase-out in California LCFS
Clean fuel producers and one high-profile electric car manufacturer this week expressed their support for more stringent GHG reduction targets in an upcoming California Low Carbon Fuel Standard (LCFS) rulemaking, but industry groups opposed a proposed phase-out of avoided methane crediting, according to public comments.
Read MoreANALYSIS: Canada’s Clean Fuel Regulations to drive up demand for US renewable fuel
The Canadian Clean Fuel Regulations’ (CFR) first obligation period begins on July 1, triggering greater demand for US renewable fuel imports to satisfy compliance obligations, experts who spoke to Carbon Pulse agreed.
Read MoreCalifornia Senate committee advances two climate disclosure bills
Two climate disclosure bills which would compel corporations in California to publish their impacts on the environment passed the state’s Environmental Quality committee, pushing them forward to the Senate Judiciary Committee.
Read MoreTighter market, ease of account openings responsible for high Washington carbon auction clear -analyst
More aggressive GHG reduction targets and a simple process for California-Quebec market traders to open accounts resulted in the Washington cap-and-invest programme seeing a steep clearing price at its inaugural auction last month, an analyst said Tuesday.
Read MoreProducers lengthen CCA and RGA positions through mid-February, while financial players sell
Compliance entities added to their net long California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings over a two-week stretch last month and speculators offloaded permits, data from the US Commodity Futures Trading Commission (CFTC) showed this week as it continued publishing backlogged Commitments of Traders reports.
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