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Pennsylvania will advance RGGI regulation despite commission’s call for delay

Published 21:01 on February 22, 2021  /  Last updated at 21:01 on February 22, 2021  /  Americas, US  /  No Comments

Pennsylvania’s Department of Environmental Protection (DEP) will continue to advance its RGGI-modelled cap-and-trade regulation this year despite a state committee last week recommending that the agency delay the finalisation by one year. 

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VCM Report: Market participants eye voluntary demand for California offsets

Published 20:26 on February 22, 2021  /  Last updated at 20:26 on February 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) values remained firm this week on persistent demand, while traders and project developers assessed whether more California compliance offset projects may seek higher values in the voluntary carbon market (VCM) going forward. 

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Financials add to CCA length before WCI auction as emitters hold steady

Published 21:31 on February 19, 2021  /  Last updated at 21:59 on February 19, 2021  /  Americas, Canada, US  /  No Comments

Speculators bolstered their California Carbon Allowance (CCA) holdings this week ahead of the first WCI auction of the year, as compliance entities kept their length mostly 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 Feb. 19, 2021

Published 20:08 on February 19, 2021  /  Last updated at 21:54 on February 19, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US, Voluntary Market  /  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 related to the national interim social cost of carbon (SCC), Connecticut, and Virginia.

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Capital Power opts for TIER fund payments over offsets at Alberta coal unit

Published 19:46 on February 19, 2021  /  Last updated at 01:00 on February 20, 2021  /  Americas, Canada, US  /  No Comments

Electricity generator Capital Power is choosing to pay the excess emissions charge under Alberta’s Technology Innovation and Emissions Reduction (TIER) for one of its coal-fired units rather than surrender carbon credits for its 2020 obligations, the company said Friday.

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Washington lawmakers alter GHG baseline, remove fuel supplier phase-in for cap-and-trade proposal

Published 19:39 on February 19, 2021  /  Last updated at 19:39 on February 19, 2021  /  Americas, US  /  No Comments

Washington state lawmakers tweaked the emissions baseline, offset utilisation limits, and phase-in of fuel suppliers in an amended WCI-modelled cap-and-trade bill this week, while making additional changes to address environmental justice and equity concerns.

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UPDATED — California power sector emissions fall in 2020, as fuel consumption dips in December

Published 19:26 on February 19, 2021  /  Last updated at 18:52 on February 23, 2021  /  Americas, Canada, US  /  No Comments

California electricity sector emissions declined in 2020 due to lower overall consumption amid the COVID-19 pandemic, while federal data showed significant gasoline consumption reductions across the state in December.

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Bankrupt US biofuel credit trader says it may reorganise

Published 22:54 on February 18, 2021  /  Last updated at 22:54 on February 18, 2021  /  Americas, RINs & LCFS, US  /  No Comments

A Houston-based biofuel credit (RIN) trader may reorganise and resume trading operations after a number of lawsuits led it to file for Chapter 11 bankruptcy protection last month, according to a court filing published Wednesday.

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NA Markets: RGGI edges up on low liquidity, as CCAs sink before Q1 auction results

Published 22:47 on February 18, 2021  /  Last updated at 22:47 on February 18, 2021  /  Americas, Canada, US  /  No Comments

RGGI Allowance (RGA) prices inched up on the secondary market this week on thin volume, as California Carbon Allowance (CCA) values dipped slightly as traders expected Wednesday’s Q1 auction to settle at this year’s WCI floor price.

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US banking and finance groups call for price on carbon

Published 22:30 on February 18, 2021  /  Last updated at 22:30 on February 18, 2021  /  Americas, Carbon Taxes, US  /  No Comments

A group of 11 trade associations representing banks, asset managers, and investment and pension funds endorsed a CO2 price on Thursday as a strategy to transitioning the US to a low-carbon economy, with growing support for such a policy from the business and financial community.

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