Oregon Senate Democrats will seek constitutional amendment after ETS bill failure
Oregon Senate Democrats will look to amend the constitution next year to prevent Republicans from denying the majority party a quorum to conduct legislative business, a feat that helped sink the US state’s WCI-modelled cap-and-trade proposal this summer.
Read MoreCalifornia LCFS stakeholders remain split on details of potential price cap, borrowed credits mechanism
California regulator ARB’s proposal to implement a firm maximum price and borrowed credits mechanism in the state’s Low Carbon Fuel Standard (LCFS) has generated further suggestions to treat multiple crediting pathways fairly and improve environmental integrity, according to public comments.
Read MoreConnecticut facing further delays to enshrine RGGI Model Rule changes
Connecticut’s revised RGGI regulation to implement the regional carbon market’s post-2020 Model Rule changes will not be heard as planned next week by a legislative committee and could face additional delays, a state official told Carbon Pulse.
Read MoreRINs continue bounce as Trump administration reportedly mulls biofuel waiver remedies
US biofuel credit prices (RINs) rose for a third straight day on Thursday on news that President Donald Trump’s administration was continuing to explore options to address the fallout from Renewable Fuel Standard (RFS) compliance waivers handed out this month.
Read MoreUS presidential candidate Sanders sets out energy decarbonisation by 2030, $200 bln GCF contribution
US Senator and 2020 Democratic presidential candidate Bernie Sanders unveiled Thursday his wide-ranging environmental plan modelled on the Green New Deal, aiming to decarbonise the country’s energy supply over the next 10 years and ramp up America’s international climate commitments under the UN Paris Agreement and Green Climate Fund (GCF).
Read MoreNA Markets: California allowances dip ahead of auction, RGGI units continue fall
California Carbon Allowance (CCA) prices declined this week ahead of the Q3 WCI auction, while RGGI allowances (RGAs) continued their bearish trend to remain at an 11-month low on the secondary market.
Read MoreCARBON FORWARD 2019 – EU renewable credit prices stumble ahead of France auction debut
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Read MoreSpeculators increased RGGI holdings in Q2 2019 -report
Speculators’ RGGI allowance (RGAs) holdings rose during the second quarter of 2019 as trading activity also increased in the Northeast US ETS, according to a new report.
Read MoreNew York set to finalise RGGI regulation this fall –source
New York is expected to finalise draft regulations over the next two months to implement the post-2020 Model Rule for the Northeast US RGGI carbon market, a regulatory source told Carbon Pulse.
Read MoreAnalysts lower near-term WCI price forecast on weaker fundamentals
More abundant hydroelectric power generation and stagnant fuel consumption should help depress WCI carbon prices in the near-term, but increased power demand from electric vehicle adoption could take allowance values higher over the next decade, analysts said.
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