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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.

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LCFS Market: California prices bounce back from 2.5-mth low as offers rise

Published 22:31 on July 21, 2021  /  Last updated at 22:33 on July 21, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) credit values lifted off recent lows this week, though market participants reported large offers were backing up in light of the uptick.

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Delta Air Lines won’t “spend good cash” chasing RIN prices -CEO

Published 17:28 on July 15, 2021  /  Last updated at 23:04 on July 15, 2021  /  Americas, RINs & LCFS, US  /  No Comments

Delta Air Lines is wary of purchasing biofuel credits (RINs) under the US Renewable Fuel Standard (RFS) due to transparency concerns, CEO Ed Bastian said Wednesday, giving credence to recent reports that the company’s refinery subsidiary has halted purchases amid soaring price levels.

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California needs deeper evaluation of cap-and-trade scheme, stronger sectorial reductions -comments

Published 23:05 on July 12, 2021  /  Last updated at 23:05 on July 12, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

California should further evaluate the contribution of its WCI-linked cap-and-trade programme to reach the state’s long-term GHG reduction goals, while state regulator ARB should also implement further climate policies to decarbonise the building and transportation sectors, stakeholders wrote in public comments.

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RFS Market: RIN prices drop to two-week low as corn weighs

Published 18:09 on July 7, 2021  /  Last updated at 22:40 on July 7, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) values fell to a more than two-week low on Wednesday on declining corn prices, while federal lawmakers introduced bipartisan legislation to negate a recent Supreme Court decision on Renewable Fuel Standard (RFS) waivers.

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LCFS Market: California prices recede to two-month low

Published 21:11 on July 6, 2021  /  Last updated at 22:53 on July 6, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) credit values last week stepped down to lows not seen since the spring, as multiple traders questioned the reason for the price movement.

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UPDATE – US Carbon Pricing and LCFS Roundup for week ending June 25, 2021

Published 18:58 on June 25, 2021  /  Last updated at 19:55 on June 25, 2021  /  Americas, Canada, 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 in federal methane regulations, California, and Iowa. 

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UPDATE – US Supreme Court overturns biofuel waiver ruling in victory for small refiners

Published 16:01 on June 25, 2021  /  Last updated at 19:58 on June 25, 2021  /  Americas, RINs & LCFS, US  /  No Comments

Small refineries regulated under the Renewable Fuel Standard (RFS) do not need to continuously receive compliance waivers to qualify for such relief in future years, the US Supreme Court ruled Friday in a split decision that overturned a lower court ruling.

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RFS Market: RIN prices bounce back on opened gasoline arbitrage

Published 17:48 on June 22, 2021  /  Last updated at 22:48 on June 22, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) prices pared back roughly half their losses sustained in recent days as market participants pointed to a higher soybean oil values and a reopened import window for gasoline.

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COVID claims life of “beloved and honourable” California carbon market economist

Published 12:49 on June 21, 2021  /  Last updated at 13:21 on June 21, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Bavardage, Canada, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, Other APAC, REDD, RINs & LCFS, South & Central, US, Views, Voluntary Market  /  No Comments

A respected and admired economist covering California’s carbon market has passed away after falling ill with the coronavirus.

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