UPDATE – LCFS Market: California diesel benchmark to resume normal schedule in 2019 as prices approach $200
The carbon intensity (CI) benchmark for diesel-based fuels under the California Low Carbon Fuel Standard (LCFS) will revert back to its normal, more stringent schedule next year after state regulator ARB fulfilled a court order, while credit prices set a new record for the second time this week.
Read MoreSecond batch of RGGI offsets issued to Maryland project
A second batch of RGGI offsets have been issued to a Maryland project, the only facility to have received credits under the scheme.
Read MoreNYISO outlines final carbon proposal for wholesale power market
The New York Independent System Operator (NYISO) finalised a proposal Friday that would embed a carbon price in its wholesale electricity market, floating few changes to prior versions of the initiative.
Read MoreUPDATE- COP24: Voluntary carbon market explores new claims models for Paris transition era -ICROA
Voluntary market developers are exploring several new options for how to make emission reduction claims in host countries once the Paris Agreement begins and until trade rules are clear, industry group ICROA said Friday.
Read MoreRGGI auction clears at $5.35, continuing streak of above-market results
RGGI’s December auction settled at $5.35/short ton on Friday, clearing at a premium for the third consecutive time and falling outside of most market participants’ more bearish expectations.
Read MoreUS EPA reduces emissions standards for power plants
The US Environmental Protection Agency (EPA) released proposed rules Thursday that would relax the standard for new and modified power plants, while also removing a requirement that coal-fired facilities use carbon capture technology.
Read MoreNA Markets: WCI, RGA prices dip despite increased activity on secondary market
RGGI allowance (RGA) prices declined by double-digits ahead of the final 2018 auction and amid increased activity, while California Carbon Allowance (CCA) prices dipped as entities looked to shift positions across the curve.
Read MoreECOSYSTEM MARKETPLACE: In Katowice, indigenous leaders call for wider uptake of REDD+
“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).
Read MoreLCFS Market: California prices set new record as participants eye $200
California Low Carbon Fuel Standard (LCFS) credits traded at a new all-time high on Wednesday, drawing closer to the $200 mark as traders debated whether or not that level would be breached.
Read MoreCORRECTION – Canada’s BC unveils long-term climate strategy aimed at electrification, higher LCFS
British Columbia’s government outlined a long-term climate strategy Wednesday aimed at electrifying its transportation sector, increasing its energy efficiency from buildings, and reducing emissions from its industrial sector.
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