UPDATE – The Nature Conservancy taking over large WCI forestry offset project
Environmental group The Nature Conservancy (TNC) will acquire a southeast US forestry project that has already generated several million California Carbon Offsets (CCOs) through the WCI cap-and-trade programme, with the organisation accumulating a majority of those credits in the process.
Read MoreNew Jersey board grants subsidies to three nuclear facilities
The New Jersey Board of Public Utilities (BPU) awarded zero emissions certificates (ZECs) last week to three nuclear plant reactors, bolstering the energy source ahead of the state’s entry into the northeast US RGGI carbon market in 2020.
Read MoreVirginia board signs off on final RGGI cap-and-trade regulation
Virginia’s Air Pollution Control Board approved a final cap-and-trade regulation from the state’s Department of Environmental Quality on Friday, bringing the state a step closer to joining the northeast US RGGI carbon market in Jan. 2020.
Read MoreCalifornia carbon bull run to continue as financials staking long-term claims -analysts
The price surge in California Carbon Allowances (CCAs) over the last month and a half is not likely to fade any time soon as new speculators bet that the WCI programme will tighten in the coming years, according to analysts.
Read MoreUS Carbon Pricing Roundup for week ending Apr. 18, 2019
A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including the approval of New York City’s climate bill featuring offsets and a possible carbon market, the launch of Hawaii’s first forest-based offset project, a planned hearing on a revised California offset bill, and movement on a proposal to increase Nevada’s Renewable Portfolio Standard (RPS).
Read MoreNA Markets: California allowances retrace before Easter holiday as RGGI stagnates
California Carbon Allowance (CCA) prices declined during the week as many traders were out of the office, while RGGI allowances (RGAs) failed to budge on the secondary market.
Read MoreVirginia GOP efforts to thwart RGGI, TCI entrance seen as unlikely to succeed
Virginia Governor Ralph Northam is likely to veto Republican budget amendments that would prevent the state from joining the RGGI and Transportation and Climate Initiative (TCI) programmes, a regulatory source said.
Read MoreLCFS Market: California futures notch another monthly volume record
A record amount of California Low Carbon Fuel Standard (LCFS) futures have already traded on ICE just over halfway through April, marking the second consecutive month to set an all-time high.
Read MoreMicrosoft doubles internal CO2 price, joins conservative climate group
US tech giant Microsoft announced Tuesday that it will nearly double its internal carbon price to further its GHG reduction goals, while also joining a Republican-backed organisation advocating for a nationwide CO2 tax.
Read MoreOntario emissions declined during first year of now-defunct ETS, data shows
All three of Ontario’s largest emitting sectors saw their GHG output drop during the first year of the Canadian province’s now-cancelled cap-and-trade programme, according to government data.
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