Emitters and speculators keep California carbon positions steady ahead of Q3 auction
Compliance and financial entities held their California Carbon Allowance (CCA) positions mostly flat ahead of next week’s WCI auction, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreBC, Alberta CO2 pricing approaches less effective than EU ETS, WCI -study
British Columbia’s carbon levy and Alberta’s former output-based pricing system failed to stimulate GHG abatement over their respective histories compared to the success of the EU ETS and the linked California-Quebec WCI cap-and-trade programme, new analysis has found.
Read MoreRising power demand may minimise coronavirus impact on RGGI emissions, data shows
Northeast US electricity consumption returned to historic levels over the past several months as warmer weather increased residential usage, likely curtailing the impact of COVID-19 on RGGI compliance obligations, according to grid data.
Read MoreBrazilian legislators overturn Bolsonaro veto to slash RenovaBio credit tax
Income from the sale of Brazilian biofuel credits under the country’s RenovaBio programme will face a much lower tax rate after lawmakers on Wednesday quashed a veto by President Jair Bolsonaro.
Read MoreNA Markets: RGGI finds more compliance support, California prices inch up ahead of Q3 sale
RGGI allowance (RGA) prices rose on additional secondary market compliance buying this week, as California Carbon Allowance (CCA) values nudged higher ahead of the Aug. 18 WCI auction.
Read MorePennsylvania joining RGGI would cut in-state and regional emissions -study
Carbon emissions across Pennsylvania and the eastern half of the US would decline if the Keystone State were to join the RGGI ETS in 2022 under its proposed cap level, according to a study published Thursday.
Read MoreGlobal coal power generation drops 8.3% in H1 as renewables advance -analysts
Global coal power generation plummeted by 8.3% year-on-year in the first half of 2020 due to lower electricity demand and a rise in wind and solar generation, a study released on Thursday found.
Read MoreBusiness group calls for offset provisions, EITE protections in BC climate strategy
The British Columbia government should feature carbon offsets as part of the province’s climate strategy and include protections for emissions-intensive, trade-exposed (EITE) industries that other countries and jurisdictions incorporate in their CO2 pricing approaches, an association of some 250 businesses said in a report published Tuesday.
Read MoreWisconsin agency says waste facility caused violations at ARB-registered offset project
A Wisconsin environmental agency concluded that violations at a dairy farm stemmed from a waste storage facility, rejecting the California-registered offset project owner’s assertions that a feed storage area led to the elevated ammonia levels, documents show.
Read MoreCalifornia dishes out over 900k offsets as ARB tags more DEBs credits
California granted more than 900,000 new offset credits this week, with roughly a quarter designated as providing direct environmental benefits to the state (DEBs), according to data from regulator ARB released on Wednesday.
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