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California grants five-month high in offsets as total supply breaks 200 mln

Published 16:45 on September 23, 2020  /  Last updated at 17:27 on September 23, 2020  /  Americas, Canada, US  /  No Comments

California Carbon Offset (CCO) issuances hit a five-month high this week, boosted by two large forestry projects receiving more than 8 million credits, as the total number of credits distributed by state regulator to date ARB topped 200 mln.

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Specified source emissions spike in Ontario during truncated final year of WCI participation

Published 15:17 on September 23, 2020  /  Last updated at 17:30 on September 23, 2020  /  Americas, Canada, US  /  No Comments

Ontario’s GHG emissions rose year-on-year in 2018 from specified sources as Premier Doug Ford yanked the province out of the WCI-linked ETS midway through the year, according to recent government data.

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Oregon wildfires trigger unintentional reversal in California offset programme

Published 14:48 on September 23, 2020  /  Last updated at 14:59 on September 24, 2020  /  Americas, Canada, US  /  No Comments

An Oregon-based forestry project registered under California’s compliance offset programme appears to have been affected by devastating wildfires in the American West, potentially triggering the WCI-linked cap-and-trade scheme’s credit buffer pool.

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California governor announces ban on gas-powered vehicle sales by 2035

Published 14:17 on September 23, 2020  /  Last updated at 17:04 on September 23, 2020  /  Americas, Canada, RINs & LCFS, US  /  No Comments

California will require all new vehicles sold to be zero-emissions by 2035, a move that will slash the state’s GHG emissions by an estimated 35%, according to an executive order signed by Governor Gavin Newsom (D) on Wednesday.

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Financial interest in RGGI continues to grow as 12th new speculator registers

Published 17:04 on September 22, 2020  /  Last updated at 17:16 on September 23, 2020  /  Americas, Canada, US  /  No Comments

The 12th new speculator of the year opened a RGGI CO2 Allowance Tracking System (COATS) account this week, continuing the flood of financial entities into the Northeast US power sector carbon market in 2020.

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California gasoline sales trend toward historic levels in July, though pace eases

Published 10:47 on September 22, 2020  /  Last updated at 17:21 on September 23, 2020  /  Americas, Canada, US  /  No Comments

California fuel consumption continued to skew towards historic norms in July after hitting record lows in April during the onset of the COVID-19 pandemic, though the rate of increase has eased, according to federal data released this week.

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Pennsylvania may look at LCFS to address transportation emissions

Published 17:15 on September 21, 2020  /  Last updated at 17:15 on September 21, 2020  /  Americas, RINs & LCFS, US  /  No Comments

Pennsylvania may explore a low-carbon fuel standard (LCFS) to reduce emissions from gasoline and diesel in the state, while the proposed 2022 start date of the Transportation & Climate Initiative’s (TCI) cap-and-invest programme is still feasible, a panel heard Monday.

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Michigan and Bluesource team up for voluntary forest carbon project

Published 17:13 on September 21, 2020  /  Last updated at 18:34 on September 22, 2020  /  Americas, US, Voluntary Market  /  No Comments

The Michigan Department of Natural Resources (DNR) last week announced it selected environmental firm Bluesource to develop the country’s first offset project on state-owned forest land, with the aim of supplying credits to the voluntary offset market.

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California’s ARB loses second LCFS branch chief in less than 18 months -source

Published 17:04 on September 21, 2020  /  Last updated at 18:35 on September 22, 2020  /  Americas, RINs & LCFS, US  /  No Comments

California regulator ARB’s Low Carbon Fuel Standard (LCFS) branch chief stepped down from his role last week, marking the second departure from the agency’s top spot for the clean fuels programme in less than 18 months, a regulatory source told Carbon Pulse.

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CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report

Published 17:00 on September 21, 2020  /  Last updated at 17:00 on September 21, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday. 

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