New York’s ETS draft rules to be released “over the coming months”
New York Governor Kathy Hochul’s (D) 2025 State of the State report released Tuesday shed little light on when officials are expected to release full draft rules on the highly anticipated cap-and-invest programme that was expected to arrive last year.
Read MoreCalifornia’s cap-and-trade regulatory update “not imminent”, says official
An update to California’s cap-and-trade programme has been further delayed as the regulator grapples with wildfire issues and challenges to other climate policies, a state official told conference participants Tuesday.
Read MoreRGGI auction volumes drop 3.5% for first quarterly sale of 2025, CCR bucket refilled
RGGI states will offer 3.5% fewer permits at their Q1 sale compared to the prior quarter, along with a Cost Containment Reserve (CCR) restocked for 2025, according to a Tuesday announcement.
Read MoreForest management group launches data platform ahead of first US carbon auction
A US programme for improved forest management carbon projects has launched a platform through which carbon credit buyers can access data on carbon credits that will be offered during its first upcoming carbon auction.
Read MoreINTERVIEW: Ocean-based CDR firm secures major aviation-backed carbon removal deal
An ocean-based carbon removal (CDR) provider will sequester 200,000 tonnes of CO2 over four years under a new agreement that, according to a company executive, represents the largest deal of its kind in the industry, backed by an aviation-focused sustainability investment firm.
Read MoreCFTC: Specs trim carbon risk amid early year macro weakness
Producers added length while speculators took a step back from California Carbon Allowance (CCA), RGGI Allowance (RGA) holdings, while both groups made significant reductions to their Low Carbon Fuel Standard (LCFS) net length into start of year macro market weakness, according to delayed data released Monday from the US Commodity Futures Trading Commission (CFTC).
Read MoreRGGI Market: RGAs battered for second week of 2025
RGGI allowances (RGAs) in the secondary market continued to lose momentum for the second week of the year, with the benchmark plunging 13.5% since the close of December.
Read MoreHigh allowance prices to drive larger household savings, emissions cuts under New York’s new carbon market -report
New York’s new Cap-and-Invest (NYCI) programme could deliver significant financial benefits for households across the state, especially under a high allowance price scenario, while also advancing ambitious climate goals, according to a report released Monday.
Read MoreLCFS Market: Credit prices stabilise into 2025 after a turbulent year
US clean fuel programme credit values across West Coast schemes held steady heading into 2025 following a year marked by record surpluses and historically low prices.
Read MoreNew US alumina production nabs $8.7 mln federal funds to reduce CO2 process emissions
A California-based company specialising in industrial materials has received nearly $8.7 mln from a federal cost share award towards set up of a commercial demonstration plant to reduce the carbon footprint of the aluminium production process.
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