Pennsylvania will advance RGGI regulation despite commission’s call for delay
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.
Read MoreVCM Report: Market participants eye voluntary demand for California offsets
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.
Read MoreFinancials add to CCA length before WCI auction as emitters hold steady
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.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending Feb. 19, 2021
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.
Read MoreCapital Power opts for TIER fund payments over offsets at Alberta coal unit
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.
Read MoreWashington lawmakers alter GHG baseline, remove fuel supplier phase-in for cap-and-trade proposal
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.
Read MoreUPDATED — California power sector emissions fall in 2020, as fuel consumption dips in December
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.
Read MoreBankrupt US biofuel credit trader says it may reorganise
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.
Read MoreNA Markets: RGGI edges up on low liquidity, as CCAs sink before Q1 auction results
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.
Read MoreUS banking and finance groups call for price on carbon
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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