Top

UPDATE – LCFS Market: California prices roar back despite quarterly credit build

Published 15:37 on May 6, 2021  /  Last updated at 22:54 on May 6, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) credits rebounded towards a one-month high this week even after the programme posted its highest quarterly credit surplus in four years.

Read More
Top

Weak benchmarks to limit Washington LCFS impact in early years, traders say

Published 22:44 on May 5, 2021  /  Last updated at 22:44 on May 5, 2021  /  Americas, RINs & LCFS, US  /  No Comments

More lenient carbon intensity benchmarks at the outset of Washington state’s recently passed low-carbon fuel standard (LCFS) will limit the impact of the programme until the latter half of this decade, traders said.

Read More
Top

IncubEx fundraise values environmental markets platform at $161 mln ahead of London IPO

Published 23:53 on May 4, 2021  /  Last updated at 00:27 on May 5, 2021  /  Americas, Bavardage, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, RINs & LCFS, UK ETS, US, Voluntary Market  /  No Comments

Environmental markets platform IncubEx has raised $11.7 million in its latest fundraising round, valuing the company at $161 mln ahead of an expected IPO in London later this year.

Read More
Top

RFS Market: US biofuel credits rack up new record as EPA seeks to vacate last-minute waivers

Published 17:40 on May 4, 2021  /  Last updated at 23:14 on May 4, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) values skulled to a fresh all-time high on Tuesday, as commodity prices continued to soar and the EPA sought to overturn several Renewable Fuel Standard (RFS) waivers given out in the final hours of former President Donald Trump’s tenure.

Read More
Top

California LCFS records largest credit surplus in four years during Q4 2020

Published 22:18 on April 30, 2021  /  Last updated at 22:18 on April 30, 2021  /  Americas, RINs & LCFS, US  /  No Comments

Credit generation under the California Low Carbon Fuel Standard (LCFS) grew by nearly 5% during the fourth quarter of 2020, with record volumes from biofuels and electric vehicles propped up by a fall in deficit generation from petroleum-based options.

Read More
Top

US Carbon Pricing and LCFS Roundup for week ending Apr. 30, 2021

Published 16:37 on April 30, 2021  /  Last updated at 02:45 on May 1, 2021  /  Americas, Canada, 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 in Illinois, Pennsylvania, and New Jersey.

Read More
Top

California LCFS credit surplus to grow by 2% in Q4 -analysts

Published 21:51 on April 29, 2021  /  Last updated at 21:51 on April 29, 2021  /  Americas, RINs & LCFS, US  /  No Comments

Fewer petroleum-based fuel sales due to COVID-19 restrictions and strong renewable diesel (RD) volumes will result in a modest California Low Carbon Fuel Standard (LCFS) credit surplus in the fourth quarter of 2020, analysts said Thursday.

Read More
Top

Policy and trust-building, not technological breakthroughs, viewed as key to scaling CCS

Published 22:48 on April 28, 2021  /  Last updated at 00:27 on April 29, 2021  /  Americas, Asia Pacific, Canada, Climate Talks, EMEA, International, New Market Mechanisms, RINs & LCFS, Switzerland, US, Voluntary Market  /  No Comments

Carbon capture and storage (CCS) of various types is technologically ready to be deployed at scale but needs streamlined permitting, increased tax incentives, and broad public outreach to do so, a conference heard on Wednesday.

Read More
Top

CORRECTION – Companies should immediately plan for 2050 GHG removals to secure supply -panel

Published 23:06 on April 27, 2021  /  Last updated at 00:21 on April 30, 2021  /  Africa, Americas, Asia Pacific, Canada, EMEA, International, New Market Mechanisms, RINs & LCFS, US, Voluntary Market  /  No Comments

Companies with net zero pledges set decades into the future should begin planning and implementing emissions removal strategies now, both to ensure long-term credit supplies for themselves and to generate demand signals for market benefit, a conference heard on Tuesday.

Read More
Top

RFS Market: RIN prices hit record high, while Supreme Court hears biofuel waiver appeal

Published 17:39 on April 27, 2021  /  Last updated at 22:50 on April 27, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credits set an all-time high in the decade-old history of the Renewable Fuel Standard (RFS) on Tuesday, coming as refiners appealed a lower court’s decision to the Supreme Court regarding the curtailment of compliance waivers under the programme.

Read More