RGGI Market: Virginia county circuit court judge rules RGGI repeal unlawful, RGAs soar 10%
A Virginia county circuit court judge ruled the state’s withdrawal from the RGGI carbon market to be unlawful, siding with a trade group that challenged last year’s programme exit, sending RGGI Allowances (RGAs) in the secondary market rocketing higher by as much as 10.3% on the day.
Read MoreAdvanced nuclear tailwinds “have never been stronger” -US companies
Advanced nuclear companies are enjoying tailwinds pushing them toward technology deployment, according to new industry reports published on Wednesday.
Read MoreAdditional policy and fuel pathway considerations needed to drive US SAF growth -think tank
California and Washington rank as top supporters of sustainable aviation fuel (SAF) investments in the US, but overall growth looks grim absent improved policy frameworks and production pathway considerations, according to a think tank.
Read MoreCOP29: BRIEFING – Experts see rising chance of US CBAM, along with international challenges
There is an increasingly strong likelihood that the US will implement a carbon border adjustment mechanism (CBAM), but such a policy would likely come with challenges on the international level, according to experts speaking at COP29.
Read MoreCOP29: US foundation invests $10.9 mln in African energy transition solutions
A US philanthropic foundation will invest $10.9 million to advance African-led clean energy solutions, the organisation announced at COP29.
Read MoreNebraska sues truck manufacturers for backing California’s EV rules
Nebraska’s Attorney General (AG) alongside two industry groups on Tuesday filed an antitrust lawsuit against several US heavy-duty truck makers, alleging that their agreement with California to advance clean transition in the trucking sector is “nakedly anti-competitive”.
Read MorePREVIEW: ARB’s ETS rulemaking delays recast WCI Q4 auction sentiment lower, outsized ACP positions skew expectations
A larger cross-section of traders polled expect the last quarterly California-Quebec current vintage carbon allowance auction for 2024 to clear discounted to front-month California Carbon Allowance (CCA) prices after market sentiment soured with ARB delaying cap-and-trade regulatory updates, but unusual Auction Clearing Price (ACP) futures open interest (OI) could skew the outcome.
Read MoreLCFS Market: California lawmaker seeks LCFS repeal citing impact on gas prices
The Republican Minority Leader of the California state senate announced plans for new bills blocking ARB’s Low Carbon Fuel Standard (LCFS) regulation on Tuesday, pointing to a new study that projected an increase in gas prices beginning 2025 due to recent programme updates introduced in the state.
Read MoreNOAA unveils partnerships to advance ocean CO2 removal research, boost transportation’s climate resilience
The US National Oceanic and Atmospheric Administration (NOAA) on Tuesday unveiled new partnerships to advance research on using the ocean to remove and store CO2, and enhance climate change resilience in the transportation sector.
Read MoreBRIEFING: Experts ask Washington to streamline reforestation protocol baselines
Forest offset project experts last week asked the Washington Department of Ecology (ECY) to prioritise streamlining its reforestation protocol, as it is already economically unfeasible.
Read More