US renewable fuels producer to retire 19 mln RINs as part of bankruptcy settlement
A Texas-based renewable fuels company has reached a settlement in its ongoing bankruptcy case with the US government, agreeing to retire nearly 19 million Renewable Identification Numbers (RINs) to meet its previous obligations.
Read MoreCalifornia power emissions drop in November as renewables and natural gas recede, imports climb
California electricity sector emissions fell year-on-year (YoY) in November as the share of generation from renewables and natural gas decreased while imports increased, data published Thursday by the state’s grid operator showed.
Read MoreUS marine CDR bill would offer $2.5 bln across federal agencies
Four bipartisan members of the US Congress introduced new legislation focused on developing federal programmes for marine carbon dioxide removal (mCDR) over the next decade, which would appropriate more than $2.5 billion among various agencies.
Read MoreCFTC: Both producers and managed money dilute V25s across WCI, RGGI carbon markets
Producers and managed money narrowed their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net V25 length, even as the groups continued to build their open interest (OI) in the vintage year across both markets, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreWashington’s CFS won’t incentivise biomethane investments, industry warns
Dairy industry members were dissatisfied with Washington’s proposed revision to its Clean Fuel Standard (WCFS), arguing that the regulator’s considerations for biomethane fell short of incentivising investment.
Read MoreNew Mexico releases draft rules for clean transportation fuel programme
The New Mexico Environment Department (NMED) released Thursday a discussion draft of its future Clean Transportation Fuel Standard (CTFS), inviting public comments until mid-January.
Read MoreWCI Q1 auction sees allowances drop after Q4 rise
The California-Quebec joint WCI auction in February will offer a lower volume of allowances in the first quarterly allowance sale of 2025 than it did in the last of this year, according to a Friday notice from California regulator ARB.
Read MoreVoluntary carbon developer launches tool to sell offsets via e-commerce platforms
A Canada-based carbon credit developer has this week launched a tool allowing e-commerce shoppers to offset emissions at checkout from shipping.
Read MoreBRIEFING: Non-profits sue California ARB for approving LCFS amendments over environmental concerns
A group of non-profits this week sued California regulator ARB for its recent approval of amendments to the Low Carbon Fuel Standard (LCFS), alleging that the agency overlooked the regulation’s environmental harms.
Read MoreWCI Markets: Battle into year-end drives CCA volatility, WCAs stagnate
A battle for year-end positions in a thinning market heading into Christmas holidays pushed around California Carbon Allowances (CCA) futures through option expiry earlier in the week, while traders mostly expect Washington Carbon Allowances (WCA) to stagnate until the start of 2025.
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