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British Columbia launches consultation on methane offset protocol

Published 21:08 on June 7, 2021  /  Last updated at 22:58 on June 7, 2021  /  Americas, Canada, Voluntary Market  /  No Comments

The British Columbia government last week published a public consultation for its methane management offset protocol (MMOP), with several different project types included under the proposal.

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VCM Report: CORSIA-eligible offsets match record highs

Published 19:01 on June 7, 2021  /  Last updated at 19:02 on June 7, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reductions (VERs) eligible for the international aviation offset system CORSIA reached record highs this week, as traders maintained that a months-long trend of demand outpacing supply was providing support in the voluntary carbon market (VCM).  

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RFS Market: RIN prices log more record highs amid soaring commodity values

Published 17:44 on June 7, 2021  /  Last updated at 17:44 on June 7, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) values notched yet another all-time record on Monday, with Renewable Fuel Standard (RFS) market participants pointing to a continued acceleration in soybean oil and corn prices with no end in sight.

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Connecticut abandons TCI carbon market after legislature omits programme from budget

Published 15:07 on June 7, 2021  /  Last updated at 00:38 on June 8, 2021  /  Americas, US  /  No Comments

Connecticut will not participate in the Transportation and Climate Initiative Programme (TCI-P) after the legislature failed to authorise the proposed fuel sector cap-and-trade scheme, leaving the initiative with three jurisdictions.

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WCI speculative holdings hit new all-time high after Q2 auction

Published 21:46 on June 4, 2021  /  Last updated at 21:46 on June 4, 2021  /  Americas, Canada, US  /  No Comments

Speculators’ California Carbon Allowance (CCA) positions surged for the third consecutive week as the group took out a larger position on the current vintage contract, while compliance entities’ short position grew over the period, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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VER prices must rise 10-fold as credible supply seen limited -report

Published 18:20 on June 4, 2021  /  Last updated at 06:56 on June 5, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices must surge 10-fold this decade to drive meaningful climate action, otherwise buyers risk being accused of greenwashing by purchasing carbon offsets too cheap to deliver genuine GHG cuts, according to research published Friday.

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US Carbon Pricing and LCFS Roundup for week ending June 4, 2021

Published 17:39 on June 4, 2021  /  Last updated at 17:39 on June 4, 2021  /  Americas, Carbon Taxes, US  /  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 in California and Illinois.

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Retired California livestock offset project latest to propose LCFS pathway

Published 17:16 on June 4, 2021  /  Last updated at 17:16 on June 4, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

A California public utility has requested approval under the Low Carbon Fuel Standard (LCFS) for a dairy digester formerly registered under the state’s compliance offset programme, according to documents published Thursday.

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June RGGI auction settles within traders’ expectations as compliance buying returns

Published 15:54 on June 4, 2021  /  Last updated at 17:03 on June 4, 2021  /  Americas, US  /  No Comments

The Q2 RGGI auction settled at a slight premium to the secondary market, as the clearing price and healthy compliance buying aligned with market participants’ predictions prior to the sale, according to results published Friday.

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Virginia utility commission should approve Dominion’s RGGI rate request, hearing examiner says

Published 23:06 on June 3, 2021  /  Last updated at 23:06 on June 3, 2021  /  Americas, US  /  No Comments

The Virginia State Corporation Commission (SCC) should accept Dominion Energy’s nearly $168 million rate request to cover RGGI compliance costs, but the state agency may want to consider requiring further analysis on the utility’s long-term CO2 trends, according to a document filed this week.

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