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PJM states should opt for carbon pricing over state-led RPS programmes -market monitor

Published 23:03 on September 18, 2020  /  Last updated at 23:03 on September 18, 2020  /  Americas, Carbon Taxes, US  /  No Comments

Members of the US’ PJM power grid should choose CO2 pricing mechanisms like RGGI to lower emissions and generate revenue, rather than relying on inconsistent and expensive Renewable Portfolio Standards (RPS) and subsidies to do the job, the regional transmission organisation’s market monitor said Friday.

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Compliance entities part with California carbon allowances again as financials build holdings

Published 22:05 on September 18, 2020  /  Last updated at 22:05 on September 18, 2020  /  Americas, Canada, US  /  No Comments

Emitters continued to reduce their California Carbon Allowance (CCA) holdings this week as prices rose on the secondary market, while speculators added to their collective position, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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November WCI current auction to offer 56.4 mln allowances

Published 21:32 on September 18, 2020  /  Last updated at 21:32 on September 18, 2020  /  Americas, Canada, US  /  No Comments

The Q4 California-Quebec carbon auction will feature 56.4 mln current permits in the final WCI quarterly sale of the year, slightly more than previous estimates due to the inclusion of some past vintage units.

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Top economist says South Australia should join California ETS

Published 11:51 on September 18, 2020  /  Last updated at 00:05 on September 19, 2020  /  Americas, Asia Pacific, Australia, Canada, US  /  No Comments

The state of South Australia should seek to join California’s emissions trading scheme or form a domestic carbon market in order to generate and sell offsets from greenhouse gases stored in soil or water, one of the nation’s most prominent economists has recommended in a government-commissioned report.

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NA Markets: CCAs rise to COVID-19 era highs, as RGGI ticks up

Published 22:54 on September 17, 2020  /  Last updated at 22:54 on September 17, 2020  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices this week climbed to their highest level since the COVID-19 pandemic inflicted bearish pressure on the secondary market this spring, while RGGI allowance (RGA) values inched up on thin demand.

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ANALYSIS: California refineries’ biofuel plans bring LCFS programmes into focus

Published 22:35 on September 17, 2020  /  Last updated at 22:35 on September 17, 2020  /  Americas, Canada, RINs & LCFS, US  /  No Comments

Oil majors’ plans to transition their California-based refineries to renewable diesel and other biofuels production are showcasing the impact of the state’s Low Carbon Fuel Standard (LCFS) and anticipated decline in petroleum-based fuel consumption, as momentum builds for a national version of the programme to replace or supplement the Renewable Fuel Standard (RFS).

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Quebec forestry offset protocol faces further delays

Published 16:12 on September 17, 2020  /  Last updated at 22:51 on September 17, 2020  /  Americas, Canada, US  /  No Comments

Quebec does not intend to complete its cap-and-trade forestry protocol this year, after delaying the timeline earlier this summer due to the coronavirus pandemic, a government spokesperson told Carbon Pulse.

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ANALYSIS: Standard opens door to voluntary offset use for company net zero goals

Published 23:08 on September 16, 2020  /  Last updated at 12:31 on September 17, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A popular corporate standard for net zero emissions goals has relaxed its previously hard line against the use of carbon credits, in a move that may fuel further growth in the voluntary offset market.

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California’s IEMAC calls for rigid ETS supply adjustment mechanism

Published 22:56 on September 16, 2020  /  Last updated at 01:33 on September 17, 2020  /  Americas, Canada, US  /  No Comments

Any allowance supply adjustment to California’s cap-and-trade scheme should be permanent or placed at a higher price tier, while the coronavirus pandemic may necessitate further evaluations of the WCI-linked scheme’s allocation methodologies, the state’s carbon market watchdog said Wednesday.

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Oregon Democrats will not advance WCI-modelled carbon market bill in 2021

Published 22:38 on September 16, 2020  /  Last updated at 22:37 on September 18, 2020  /  Americas, Canada, US  /  No Comments

Oregon Democrats will not attempt to pass a WCI-modelled cap-and-trade bill during the 2021 lawmaking session after two consecutive GOP walkouts thwarted action on ETS proposals, a legislator told Carbon Pulse.

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