RGGI programme review may be influenced by expansion, TCI development
RGGI’s upcoming programme review could be delayed as member states discuss the potential expansion of the power sector ETS and regulators also craft a new cap-and-trade scheme to cover fuel sector emissions across the region, regulatory sources said.
Read MoreUS Carbon Pricing Roundup for week ending Jan. 24, 2020
A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including developments in Massachusetts, New Hampshire, Rhode Island, California, and Arizona.
Read MoreCalifornia offset investigation could conclude this month -sources
California regulator ARB could decide by the end of January whether to invalidate offset reporting periods under review for regulatory compliance violations, three WCI market sources told Carbon Pulse.
Read MoreNA Markets: California carbon dips ahead of first 2020 auction, RGGI stays flat
California Carbon Allowance (CCA) prices continued dropping on the secondary market this week as participants looked to unload volume ahead of the February WCI auction, while RGGI prices stagnated on low liquidity.
Read MoreWorld Bank REDD programme adopts changes to align with CORSIA
The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.
Read MoreLCFS Market: California prices break above $210
California Low Carbon Fuel Standard (LCFS) credits surged to new all-time records on Thursday, pressing up against the clean fuels programme’s pending ceiling price.
Read MorePJM carbon price could ease state fears after FERC order -experts
US states in the PJM grid region could benefit from a carbon tax after a Federal Energy Regulatory Commission (FERC) order last month threatened clean energy and environmental goals, but the support for that CO2 regulatory policy is uncertain, experts said Wednesday.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreEU chief warns on CO2 border measures, praises California, China
European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.
Read MoreNew York’s timeline on revised RGGI regulation remains uncertain
New York will release a draft RGGI regulation shortly to implement the Northeast US carbon market’s post-2020 programme changes, but there is no timeline for the completion of that process, state and regulatory sources told Carbon Pulse.
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