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US Carbon Pricing and LCFS Roundup for week ending Mar. 5, 2021

Published 19:15 on March 5, 2021  /  Last updated at 19:15 on March 5, 2021  /  Americas, Carbon Taxes, 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 developments around a national clean electricity standard, a Washington state low-carbon fuel standard (LCFS), and an Hawaiian carbon tax study.

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RFS Market: RIN prices soar to near multi-year highs

Published 17:18 on March 2, 2021  /  Last updated at 21:08 on March 2, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) values under the Renewable Fuel Standard (RFS) surged on Tuesday to threaten records not seen since the last decade on continued strength in the bean oil-heating oil spread, though some market participants were confounded by the new heights.

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US Carbon Pricing and LCFS Roundup for week ending Feb. 26, 2021

Published 19:58 on February 26, 2021  /  Last updated at 21:28 on February 26, 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 social cost of carbon (SCC), Pennsylvania, Massachusetts, and California.

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RFS Market: RIN rally settles down, while future-year D3 credits transact

Published 18:32 on February 25, 2021  /  Last updated at 18:50 on February 25, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RINs) values rose during the first half of the week as the widening bean oil-heating oil spread propelled prices higher under the Renewable Fuel Standard (RFS), while next-year D3 credits traded on Thursday as entities potentially looked to hedge renewable natural gas project development.

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LCFS Market: California prices inch up into PG&E auction

Published 16:38 on February 24, 2021  /  Last updated at 19:37 on February 24, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) credit values ticked up this week as Pacific Gas & Electric (PG&E) held a credit solicitation, with market participants saying the movement bucked the usual price trend going into the utility’s auctions.

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California may fall short of 2030 GHG goal without steep fuel sector abatement, audit finds

Published 22:20 on February 23, 2021  /  Last updated at 22:20 on February 23, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

California risks missing its 2030 climate goal unless it can drive faster emissions reductions from the transportation sector, while regulator ARB may be overstating carbon abatement resulting from incentive-based programmes and its economy-wide cap-and-trade scheme, a government audit found.

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

Published 20:08 on February 19, 2021  /  Last updated at 20:56 on February 26, 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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Bankrupt US biofuel credit trader says it may reorganise

Published 22:54 on February 18, 2021  /  Last updated at 22:54 on February 18, 2021  /  Americas, RINs & LCFS, US  /  No Comments

A Houston-based biofuel credit (RIN) trader may reorganise and resume trading operations after a number of lawsuits led it to file for Chapter 11 bankruptcy protection last month, according to a court filing published Wednesday.

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Shipping industry advances progress on cleaner fuels as EU aims to tighten regulation

Published 16:14 on February 17, 2021  /  Last updated at 18:40 on February 17, 2021  /  EMEA, EU ETS, International, RINs & LCFS, Shipping  /  No Comments

Danish shipowner Maersk announced Wednesday that its first carbon neutral vessels could operate from 2023, a rollout far faster than previously planned and coming as the wider EU shipping industry urges Brussels to impose targets for cleaner fuels as part of its climate package due in June.

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