WCI Markets: CCAs sell off into auction, WCA volume high on rolling positions
California Carbon Allowance (CCA) values made new all-time highs on two occasions before sharply declining in the week preceding the fourth quarterly auction, while Washington Carbon Allowances (WCAs) prices dropped as positions were rolled, market participants said.
Read MoreUPDATE – Democrats win slim majorities in Virginia’s general elections
Virginia Democrats are on track to hold the state Senate and win back the House of Delegates following Tuesday’s legislative election, putting the brakes on Governor Glenn Youngkin’s (R) agenda.
Read MoreHow Virginia’s legislative election could affect its RGGI membership
Tuesday’s election to determine who occupies the 40 Senate and 100 House of Delegates seats in the Virginia General Assembly is too close to call, and could impact the ongoing battle to bring the state out of the RGGI trading bloc.
Read MoreUS dairy farmers get $22.9 mln to reduce methane emissions and sell carbon credits
A national dairy farmer cooperative received $22.9 mln for a project to cut down on methane emissions by implementing advanced feed additives in 50 operations, incorporating carbon credits sales into the product value chain, and demonstrating climate neutrality on dairy farms.
Read MoreAnalyst downgrades CCA outlook, puts WCAs at Tier 1, and leaves RGGI unchanged
A monthly report by a carbon market analysis firm revealed lower expectations for California Carbon Allowance (CCA) prices, with Washington Carbon Allowance (WCA) values also expected to slide, while the outlook for RGGI Allowances (RGAs) remained the same.
Read MoreBrazil increases NDC stringency
The Brazilian federal government has submitted stronger Nationally Determined Contribution (NDC) targets to the UNFCCC, increasing the country’s ambition to reduce emissions – the first official change to its national emissions plan since President Inacio Lula da Silva was elected in Oct. 2022.
Read MoreCCUS and DAC can’t bring down US power plant emissions due to EPA rules -Senators
The US EPA approvals process for state primacy over carbon capture utilisation and storage (CCUS) as well as direct air capture (DAC) are preventing their installation, potentially condemning fossil fuel power plants, US Senators told a committee hearing on Thursday.
Read MorePennsylvania court declares RGGI an illegal tax, voids regulations
A Pennsylvania court on Wednesday halted the state’s plans to join the Regional Greenhouse Gas Initiative (RGGI), ruling that it constitutes an illegal tax and that the state does not have the authority to collect revenue through the cap-and-trade scheme.
Read MoreIndigenous group drops Guyana REDD+ appeal over committee dispute
An Indigenous group appealing Guyana’s jurisdictional REDD+ programme said it was forced to give up on its appeal Friday, claiming the committee overseeing the complaint was stacked by the standard responsible for issuing the credits.
Read MoreCanadian hydrogen from natural gas labelled as CO2-free gets $10 mln for South Korea’s net zero goal
A Canadian hydrogen company announced Monday that it has secured $10 million in funding to develop a supply chain of CO2-free hydrogen and ammonia from natural gas for South Korea to meet its net zero ambitions, in partnership with a Korean energy company.
Read More