CFTC: Producers axe CCA, WCA net length in favour of RGAs amid temperature rise in US Northeast
Producers reduced their California Carbon Allowance (CCA) and Washington Carbon Allowance (WCA) holdings, and instead boosted RGGI Allowance (RGA) net length in light of increasing temperatures in the US Northeast earlier this week, latest figures from the Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreCalifornia announces nearly $5 bln in road infrastructure, transit electrification
California Governor Gavin Newsom (D) on Friday announced nearly $5 billion of investment in state transportation infrastructure, including projects to increase infrastructure for zero-emissions vehicles (ZEV).
Read MoreLow staffing at DOE clean energy office created vulnerabilities in hydrogen hub programme -audit
A recent federal audit has found that staffing issues at the DOE’s Office of Clean Energy Demonstrations (OCED) could be negatively impacting the Regional Clean Hydrogen Hubs programme by making it more vulnerable to risks.
Read MoreCalifornia regulator ARB repeals zero-emissions locomotive regulation -media
Members of California regulator ARB unanimously voted on Thursday to repeal its In-Use Locomotive Regulation, which sought to phase out the use of diesel-powered locomotives and promote zero-emissions technologies.
Read MoreUPDATE – LCFS credit prices briefly soar 13% following approval of programme changes
California’s Low Carbon Fuel Standard (LCFS) credit prices briefly raced almost 13% higher on Friday after the Office of Administrative Law (OAL) signed off programme amendments, with updated carbon intensity (CI) benchmarks set to apply to fuel transactions beginning July 1.
Read MoreWCI Markets: Benchmark CCAs surpass $28 as market anxiety eases, WCAs extend gains
Benchmark California Carbon Allowance (CCA) prices rose above $28 amid fading fears of federal risks and bullish signals, while Washington Carbon Allowance (WCA) values recorded multi-year highs on constrained permit supply.
Read MoreUS environmental group sues EPA for allegedly withholding names of polluters seeking exemptions
A US environmental group is suing the Trump administration for allegedly withholding the names of fossil fuel companies and other polluters seeking exemptions from Clean Air Act (CAA) regulations.
Read MoreWashington ECY considers extending EITE free allocation beyond 2035
New documentation from the Washington Department of Ecology (ECY) suggested the oversight body would consider continuing to issue free allowances for emissions intensive, trade-exposed (EITE) facilities beyond 2035, inching closer to the 2050 goalpost called for by participating industries.
Read MoreUS House legislation seeks to repeal clean energy tax credits and vehicle emissions standards
Two Republican bills introduced in the US House this week seek to repeal major federal support mechanisms for clean energy development and motor vehicle emissions standards.
Read MoreUS management firm faces backlash for abandoning climate alliance
A large US environmental organisation has pulled more than $10 million in assets from a major financial institution following its exit from public climate commitments.
Read More
