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EJ groups castigate Washington cap-and-trade bill, as House offers $15 carbon tax on fuels

Published 22:45 on January 19, 2021  /  Last updated at 22:51 on January 19, 2021  /  Americas, Carbon Taxes, US  /  No Comments

Environmental justice (EJ) organisations on Tuesday argued Washington lawmakers’ plans to implement a WCI-modelled carbon market will not address frontline communities’ concerns about exacerbating local pollution and giving a pass to emitters, while the House Democratic caucus proposed a rising carbon fee as part of a multi-billion transportation funding package.

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US federal court strikes down Trump administration’s power sector GHG rule

Published 16:14 on January 19, 2021  /  Last updated at 20:47 on January 19, 2021  /  Americas, US  /  No Comments

A federal court on Tuesday vacated an industry-friendly rule to lower US power sector emissions, saying the EPA did not act lawfully when adopting the policy to replace the Obama-era Clean Power Plan.

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ANALYSIS: California offset sellers see price rebound as others question future demand

Published 21:40 on January 18, 2021  /  Last updated at 21:45 on January 18, 2021  /  Americas, Canada, US  /  No Comments

California offset prices are seen rebounding this year after being pushed to historic lows by the pandemic and limited compliance buying, but some traders fear emitters may have already procured enough to stunt the market’s future demand.

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Carbon pricing, international credits can help curb methane emissions from oil and gas, IEA says

Published 17:08 on January 18, 2021  /  Last updated at 18:58 on January 18, 2021  /  Americas, Canada, Carbon Taxes, EMEA, EU ETS, International, Mexico, RINs & LCFS, US  /  No Comments

A robust global carbon price can help cut the oil and gas sector’s methane emissions together with other market-based mechanisms such as international credits, the IEA said on Monday.

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Biden administration unlikely to use carbon pricing to hit US climate goals -experts

Published 21:36 on January 15, 2021  /  Last updated at 21:36 on January 15, 2021  /  Americas, Carbon Taxes, US  /  No Comments

US President-elect Joe Biden (D) is unlikely to prioritise a federal carbon pricing plan despite the Democrats now controlling the Senate, while the executive and legislative branches may work in tandem to advance other decarbonisation policy goals, a panel heard Friday.

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WCI compliance entities cut California carbon holdings as financials boost position

Published 21:31 on January 15, 2021  /  Last updated at 21:53 on January 15, 2021  /  Americas, Canada, US  /  No Comments

Regulated entities unwound their California Carbon Allowance (CCA) holdings for the fifth straight week as speculators bolstered their positions by roughly the same amount, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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Two more RFS participants argue commodity trader failed to deliver biofuel credits

Published 19:12 on January 15, 2021  /  Last updated at 19:12 on January 15, 2021  /  Americas, RINs & LCFS, US  /  No Comments

Two participants in the US Renewable Fuel Standard (RFS) market have filed or sought to intervene in lawsuits that allege a Texas-based commodity shop violated contractual obligations to deliver biofuel credits (RINs), bringing the total number of involved parties to four.

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California watchdog urges state to adjust future cap-and-trade supply, alter free allocations

Published 18:45 on January 15, 2021  /  Last updated at 02:18 on January 16, 2021  /  Americas, Canada, US  /  No Comments

A California oversight committee urged regulator ARB to address the WCI carbon allowance surplus to ensure the state hits its long-term climate goal, while continuing calls to alter industrial allocation and the design of quarterly auctions.

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US EPA to solicit comments on RFS general waiver requests

Published 17:45 on January 15, 2021  /  Last updated at 17:45 on January 15, 2021  /  Americas, RINs & LCFS, US  /  No Comments

The US EPA indicated Friday that it will solicit public feedback on requests to waive or reduce 2019 and 2020 biofuel blending requirements under the Renewable Fuel Standard (RFS) brought forth by small refiners and oil-state governors last year.

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US-based investment bank hires former RGGI compliance trader

Published 15:48 on January 15, 2021  /  Last updated at 02:21 on January 16, 2021  /  Americas, Bavardage, Canada, US  /  No Comments

A New York-based environmental trader has joined a multinational investment firm after spending the past decade at a RGGI compliance entity.

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