Top

California grants 1 mln new offsets, as wildfires near another forestry project

Published 21:09 on July 28, 2021  /  Last updated at 21:09 on July 28, 2021  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California minted almost 1 million new compliance-grade offsets over the past two weeks, but these issuances came as a new West Coast wildfire appeared to impact another existing forestry project registered under the WCI-linked cap-and-trade programme, state data and researchers reported this week.

Read More
Top

REDD developer Biofilica targets tenfold carbon credit growth following merger

Published 17:48 on July 28, 2021  /  Last updated at 18:05 on July 28, 2021  /  Americas, Aviation/CORSIA, Canada, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Brazilian offset developer Biofilica announced its acquisition by a multinational environmental management firm on Tuesday, with the purchase aimed at generating 10 times as many voluntary emissions reductions (VERs) compared to current volumes and expanding into more nature-based project types.

Read More
Top

RGGI speculative firm opens new account, eyes California offset market

Published 16:36 on July 28, 2021  /  Last updated at 16:36 on July 28, 2021  /  Americas, Canada, US  /  No Comments

A Texas-based hedge fund opened a RGGI CO2 Allowance Tracking System (COATS) account on Wednesday, with the firm having been linked to two previous speculative accounts under a different name.

Read More
Top

California gasoline consumption continues steadily rise toward pre-pandemic levels in April

Published 14:57 on July 27, 2021  /  Last updated at 14:57 on July 27, 2021  /  Americas, Canada, US  /  No Comments

California gasoline usage increased for the second consecutive month in April, as consumer demand continues to skew back towards pre-COVID levels amid fewer state-level restrictions, according to state data released this week.

Read More
Top

New service plans CO2 removal certification system mirroring I-RECs

Published 22:51 on July 26, 2021  /  Last updated at 22:51 on July 26, 2021  /  Americas, Canada, EMEA, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

A new joint venture is planning to launch a certification system for carbon removals, with the aim of addressing issues regarding transparency and trust that have affected the existing voluntary emissions reduction (VER) market.

Read More
Top

WCI speculative holdings rise as emitters add length for 2nd straight week

Published 21:28 on July 23, 2021  /  Last updated at 21:28 on July 23, 2021  /  Americas, Canada, US  /  No Comments

WCI speculative firms added to their California Carbon Allowance (CCA) position over the past week, as emitters slightly increased their holding over the period to mark the second consecutive week-on-week gain, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Read More
Top

US Carbon Pricing and LCFS Roundup for week ending July 23, 2021

Published 16:56 on July 23, 2021  /  Last updated at 16:56 on July 23, 2021  /  Americas, Canada, CBAM, International, RINs & LCFS, 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 in Washington state and federal legislation regarding a carbon tariff.

Read More
Top

California natural gas generation rises in 2020 as power demand slumps

Published 22:52 on July 22, 2021  /  Last updated at 22:52 on July 22, 2021  /  Americas, Canada, US  /  No Comments

California electricity consumption declined to a near-term low in 2020 as a result of the COVID-19 pandemic, but natural gas-fired generation still increased over the past year due to a drop in hydroelectric capacity, according to state figures. 

Read More
Top

NA Markets: CCA prices retrace further despite influx of V20 buying, RGGI stagnates on low demand

Published 22:44 on July 22, 2021  /  Last updated at 22:44 on July 22, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices this week declined despite a surge in transacted volume, while RGGI Allowance (RGA) values edged down slightly across the week with limited buying interest.

Read More
Top

Quebec rejects LNG project over potential GHG impacts

Published 15:49 on July 22, 2021  /  Last updated at 21:27 on July 22, 2021  /  Americas, Canada, US  /  No Comments

The Quebec government declined to authorise a proposed natural gas liquefaction facility on Wednesday due to concerns that the project would not lead to a net reduction in global emissions.

Read More