California gasoline consumption stagnates near 1.2 bln gal, as diesel usage hits 10-year high
California gasoline usage dropped slightly month-on-month in June, while drivers’ usage of the fuel remained within recent trends compared to pre-pandemic levels, according to state data released Monday.
Read MoreUK-based fund opens RGGI account before Q4 auction
A London-based fund with a focus on global carbon markets opened a RGGI CO2 Allowance Tracking System (COATS) account on Friday, with the new speculative account aligning with a broad trend over the past several months.
Read MoreWCI emitters continue to add to cumulative short position, speculators hold firm
WCI compliance entities continued to add to their open short positions over the past week, while speculators’ holdings remained roughly static, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreGreen groups piloting methodology for assessing VCM project types, standards
An environmental NGO-led initiative is currently demoing a methodology for scoring voluntary carbon market (VCM) project types and programmes, and the group hopes that its financial independence from voluntary emissions reduction (VER) issuances or services will help differentiate it from other entities also seeking to grade credits in the booming sector.
Read MoreUPDATE – US Carbon Pricing and LCFS Roundup for week ending September 24, 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 in Oregon, New York, and Virginia.
Read MoreLCFS Market: California credits recede toward $160 as bearish factors weigh
California Low Carbon Fuel Standard (LCFS) credit values declined closer to the $160 mark on Thursday, recording multi-year lows as bearish factors continued to apply topside pressure.
Read MoreRepublicans express concerns about intervention in “wild west” voluntary carbon market through US ag offset bill
The US House Agriculture committee heard testimony Thursday on a bipartisan bill to boost voluntary carbon offset markets for agriculture, but some Republicans were concerned about the perceived “wild west” nature of current mechanisms and government intervention in the space.
Read MoreDominion seeks denial of RGGI proceeding reconsideration for lack of merit
Virginia utility Dominion Energy asked the State Corporation Commission (SCC) to reject a petition from an environmental group to reconsider approval of a rate request to recoup $168 million for RGGI-related costs, according to a regulatory filing.
Read MoreNA Markets: California carbon re-tests all-time high, RGGI inches to new record
California Carbon Allowance (CCA) values flirted with recent record highs this week after recovering from a brief dip, while RGGI Allowance (RGA) prices eked out their own fresh all-time high on lighter volume.
Read MoreDirectors dash from ICIS as analysis firm deals with mounting resignations
Two directors have resigned from ICIS, Carbon Pulse has learned, with the commodity market intelligence firm also losing at least two senior carbon analysts in recent months.
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