Environmental commodities shop STX buys EU carbon brokers Vertis
Environmental commodities trading firm STX Group has reached an agreement to buy a majority stake in Budapest-based rival carbon brokers Vertis, the companies announced late Tuesday.
Read MoreCalifornia diesel consumption rises YoY in November as gasoline sales slump again
California diesel consumption eclipsed 2019 levels in November amid heavy port activity in the Golden State, while gasoline sales continued to languish during the COVID-19 pandemic, according to state data published Monday.
Read MoreUS EPA backs federal court decision curtailing biofuel waivers
The US EPA on Monday said it now supports a federal court ruling last year that reined in the agency’s granting of compliance waivers under the Renewable Fuel Standard (RFS), a reversal of its stance from the previous administration.
Read MorePennsylvania will advance RGGI regulation despite commission’s call for delay
Pennsylvania’s Department of Environmental Protection (DEP) will continue to advance its RGGI-modelled cap-and-trade regulation this year despite a state committee last week recommending that the agency delay the finalisation by one year.
Read MoreVCM Report: Market participants eye voluntary demand for California offsets
Voluntary emissions reduction (VER) values remained firm this week on persistent demand, while traders and project developers assessed whether more California compliance offset projects may seek higher values in the voluntary carbon market (VCM) going forward.
Read MoreSwiss initiative taps trading firms to steer growth in climate neutral commodities
A Swiss non-profit is developing a method for standardising climate neutral commodity transactions, attracting interest from major trading houses keen to align with the Paris Agreement.
Read MoreFinancials add to CCA length before WCI auction as emitters hold steady
Speculators bolstered their California Carbon Allowance (CCA) holdings this week ahead of the first WCI auction of the year, as compliance entities kept their length mostly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending Feb. 19, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments related to the national interim social cost of carbon (SCC), Connecticut, and Virginia.
Read MoreCapital Power opts for TIER fund payments over offsets at Alberta coal unit
Electricity generator Capital Power is choosing to pay the excess emissions charge under Alberta’s Technology Innovation and Emissions Reduction (TIER) for one of its coal-fired units rather than surrender carbon credits for its 2020 obligations, the company said Friday.
Read MoreWashington lawmakers alter GHG baseline, remove fuel supplier phase-in for cap-and-trade proposal
Washington state lawmakers tweaked the emissions baseline, offset utilisation limits, and phase-in of fuel suppliers in an amended WCI-modelled cap-and-trade bill this week, while making additional changes to address environmental justice and equity concerns.
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