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NA Markets: CCA prices retrace further despite influx of V20 buying, RGGI stagnates on low demand

Published 22:44 on July 22, 2021  /  Last updated at 22:44 on July 22, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices this week declined despite a surge in transacted volume, while RGGI Allowance (RGA) values edged down slightly across the week with limited buying interest.

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Quebec rejects LNG project over potential GHG impacts

Published 15:49 on July 22, 2021  /  Last updated at 21:27 on July 22, 2021  /  Americas, Canada, US  /  No Comments

The Quebec government declined to authorise a proposed natural gas liquefaction facility on Wednesday due to concerns that the project would not lead to a net reduction in global emissions.

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LCFS Market: California prices bounce back from 2.5-mth low as offers rise

Published 22:31 on July 21, 2021  /  Last updated at 22:33 on July 21, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) credit values lifted off recent lows this week, though market participants reported large offers were backing up in light of the uptick.

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Washington fire torches second-largest California offset project

Published 16:22 on July 21, 2021  /  Last updated at 16:22 on July 21, 2021  /  Americas, Canada, US  /  No Comments

A wildfire in Washington state has lit up portions of a forestry offset project that has generated the second most credits to date under California’s WCI-linked cap-and-trade programme, according to data and sources.

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Climate Action Reserve proposes forecast carbon credit methodology for forest fuel treatments

Published 22:30 on July 20, 2021  /  Last updated at 16:13 on July 21, 2021  /  Americas, US, Voluntary Market  /  No Comments

Offset registry Climate Action Reserve (CAR) on Monday announced it is developing an ex-ante crediting methodology for fuel treatments, including prescribed burns, in order to reduce the severity of wildfires in the western US.

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Global stimulus spending not enough to prevent record emissions by 2023 -IEA

Published 16:27 on July 20, 2021  /  Last updated at 01:20 on July 21, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, US  /  No Comments

The International Energy Agency (IEA) has warned that current government spending on post-COVID recovery measures isn’t targeting sufficiently clean energy investment, and that carbon emissions may climb to record levels by 2023 as a result.

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VCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand

Published 22:51 on July 19, 2021  /  Last updated at 22:51 on July 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.

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WCI emitters’ allowance length grows by largest amount in two months

Published 22:18 on July 16, 2021  /  Last updated at 22:18 on July 16, 2021  /  Americas, Canada, US  /  No Comments

Regulated entities boosted their California Carbon Allowance (CCA) length for the first time in 10 weeks over the most recent five-day stretch, while speculators kept their positions nearly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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US Carbon Pricing and LCFS Roundup for week ending July 16, 2021

Published 18:06 on July 16, 2021  /  Last updated at 18:06 on July 16, 2021  /  Americas, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in North Carolina.

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UPDATE – Virginia judge rejects industry group lawsuit of RGGI regulation

Published 01:16 on July 16, 2021  /  Last updated at 14:57 on July 16, 2021  /  Americas, US  /  No Comments

The Virginia Department of Environmental Quality (DEQ) did not violate state law when it amended its RGGI-aligned cap-and-trade regulation to include full auctions, and the programme does not constitute an illegal tax in violation of Old Dominion’s Constitution, a judge ruled Wednesday, refuting a manufacturer-led challenge.

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