British Columbia launches consultation on methane offset protocol
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.
Read MoreVCM Report: CORSIA-eligible offsets match record highs
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).
Read MoreRFS Market: RIN prices log more record highs amid soaring commodity values
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.
Read MoreConnecticut abandons TCI carbon market after legislature omits programme from budget
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.
Read MoreWCI speculative holdings hit new all-time high after Q2 auction
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.
Read MoreVER prices must rise 10-fold as credible supply seen limited -report
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.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending June 4, 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 in California and Illinois.
Read MoreRetired California livestock offset project latest to propose LCFS pathway
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.
Read MoreJune RGGI auction settles within traders’ expectations as compliance buying returns
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.
Read MoreVirginia utility commission should approve Dominion’s RGGI rate request, hearing examiner says
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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