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Environmental commodities shop STX buys EU carbon brokers Vertis

Published 17:54 on February 23, 2021  /  Last updated at 00:29 on February 24, 2021  /  Americas, Bavardage, China, EMEA, EU ETS, International, Kyoto Mechanisms, US, Voluntary Market  /  No Comments

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.

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California diesel consumption rises YoY in November as gasoline sales slump again

Published 22:06 on February 22, 2021  /  Last updated at 22:06 on February 22, 2021  /  Americas, Canada, US  /  No Comments

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.

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US EPA backs federal court decision curtailing biofuel waivers

Published 21:15 on February 22, 2021  /  Last updated at 21:15 on February 22, 2021  /  Americas, RINs & LCFS, US  /  No Comments

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.  

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Pennsylvania will advance RGGI regulation despite commission’s call for delay

Published 21:01 on February 22, 2021  /  Last updated at 21:01 on February 22, 2021  /  Americas, US  /  No Comments

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. 

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VCM Report: Market participants eye voluntary demand for California offsets

Published 20:26 on February 22, 2021  /  Last updated at 20:26 on February 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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. 

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Swiss initiative taps trading firms to steer growth in climate neutral commodities

Published 09:46 on February 22, 2021  /  Last updated at 18:34 on February 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Switzerland, Voluntary Market  /  No Comments

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.

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Financials add to CCA length before WCI auction as emitters hold steady

Published 21:31 on February 19, 2021  /  Last updated at 21:59 on February 19, 2021  /  Americas, Canada, US  /  No Comments

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.

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US Carbon Pricing and LCFS Roundup for week ending Feb. 19, 2021

Published 20:08 on February 19, 2021  /  Last updated at 21:54 on February 19, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US, Voluntary Market  /  No Comments

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.

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Capital Power opts for TIER fund payments over offsets at Alberta coal unit

Published 19:46 on February 19, 2021  /  Last updated at 01:00 on February 20, 2021  /  Americas, Canada, US  /  No Comments

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.

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Washington lawmakers alter GHG baseline, remove fuel supplier phase-in for cap-and-trade proposal

Published 19:39 on February 19, 2021  /  Last updated at 19:39 on February 19, 2021  /  Americas, US  /  No Comments

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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