CFTC: 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.
Read MoreMontana Supreme Court rules in favour of youth climate activists
The Montana Supreme Court ruled in favour of 16 youth climate activists on Wednesday, closing the group’s lawsuit filed against the state for its failure to account for GHG emissions from fossil fuel projects.
Read MoreUS DOE awards $200 mln for carbon recycling in ethylene production
The DOE has awarded $200 million to an ethylene plant slated for the US Gulf Coast that is expected to demonstrate a carbon capture technology in an ethylene production process, the companies announced.
Read MoreUPDATE – US pledges new 2035 emissions reduction NDC target
The White House released plans Thursday to reduce economy-wide emissions 61-66% by 2035 as part of its updated nationally determined contribution (NDC), in accordance with the Paris Agreement.
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