Canadian hydrogen tax credit presents climate risks without proper design, green groups warn
Canada’s proposed investment tax credit for clean hydrogen could result in higher emissions and less energy efficiency, according to an open letter to Deputy Prime Minister Chrystia Freeland sent on Thursday and signed by 55 environmental organisations and 110 academics.
Read MoreJudge in Pennsylvania RGGI lawsuit favours arguments by power generators
The Pennsylvania Department of Environmental Protection (DEP) on Wednesday sparred with three natural gas-fired power generators in their lawsuit against the state’s RGGI-modelled cap-and-trade regulation, with one Commonwealth Court judge appearing to side with the fossil fuel companies’ argument that the power sector scheme will cause emissions leakage.
Read MoreRGGI Market: RGA prices find support following slight annual emissions climb
RGGI Allowance (RGA) values rose slightly for the second consecutive week even as transacted volume cratered, with market experts pointing to elevated 2022 CO2 output as one of multiple possible drivers.
Read MoreWCI Markets: CCAs bounce back from 2-mth low as February begins, as Washington programme outlook provokes debate
California Carbon Allowance (CCA) prices erased an entire week’s worth of declines on Thursday as traders wondered if fund flows had turned positive, while analysts provided insight behind the stagnant Washington Carbon Allowance (WCA) market and upcoming inaugural auction.
Read MoreUPDATE – Japanese conglomerate forms US forest carbon venture as part of $780 mln investment
The forestry arm of a Japanese global trading company on Tuesday announced the launch of a US-based investment firm focused on nature-based carbon credits, with an eye to potential expansion outside of North America.
Read MoreCanadian nature-based VER developer aims to generate nearly 30 mln credits
A Vancouver-headquartered carbon credit developer on Wednesday announced it plans on generating almost 30 million VERs from four rewilding and mangrove forest preservation projects.
Read MoreRGGI 2022 emissions top prior-year levels, despite Q4 decrease
RGGI-regulated power generators saw their total CO2 output for 2022 end slightly above year-ago levels, despite a small downturn occurring during the fourth quarter, according to official data updated Tuesday.
Read MoreRGGI Market: RGA prices tread water as traders look towards auction, emissions data
RGGI Allowance (RGA) values rose slightly last week, halting a slide in prices, on expectations that the upcoming release of Q4 emissions data and the March auction will revive trading in an otherwise stagnant market.
Read MoreSpeculators and emitters trim CCA holdings, add to RGGI positions
Both financials and regulated entities pared back their California Carbon Allowance (CCA) positions this week, while they slightly boosted their holdings of RGGI Allowances (RGAs), according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreWCI Markets: CCAs resume downtrend as regulatory uncertainty and auction weigh, Washington waits
California Carbon Allowance (CCA) prices retraced this week to continue a relatively weak first month of the new year, while Washington carbon market participants await further clarity on price developments from next month’s auction and as more entities register for the programme.
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