Dominion 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.
Read MoreUS carbon border adjustment bill could be non-WTO compliant -experts
A federal bill introducing a US carbon border adjustment mechanism (CBAM) may not pass WTO muster in the absence of a nationwide CO2 price, experts said Wednesday.
Read MoreCalifornia compliance offset issuances sink to a fresh three-month low
California offset issuances sunk to a three-month low as state regulator ARB distributed nearly 179,000 credits across 10 reporting periods, according to data published Wednesday.
Read MoreRFS Market: RINs dive beneath $1 on reports of multi-year biofuel quota cuts
US biofuel credit (RIN) values declined to seven-month lows on Wednesday after news outlets reported President Joe Biden’s (D) administration is mulling multi-year cuts to Renewable Fuel Standard (RFS) biofuel volumes.
Read MoreUS lawmaker sees need, pathway for CO2 pricing in budget reconciliation bill
Carbon pricing could help alleviate funding issues involved in US Democrats’ proposed $3.5-trillion budget reconciliation bill, while the mechanism could also ensure the US reaches the long-term climate goals laid out by the Biden administration, a panel heard Wednesday.
Read MoreCalifornia gasoline consumption edges down in July as demand narrows to 2019 levels
California gasoline demand per day declined slightly in July even as Governor Gavin Newsom (D) removed all COVID-19 restrictions, but the Golden State’s fuel consumption still narrowed against historic levels, according to federal data.
Read MoreGWSA September auction sets new all-time high as prices surge above RGGI levels
Massachusetts Global Warming Solutions Act (GWSA) allowance prices surged nearly 30% in the final auction of the 2021 compliance year, with the settlement eclipsing the most recent quarterly auction price in the Northeast US RGGI cap-and-trade programme.
Read MoreVoluntary offset taskforce names governance board, promises indigenous representation
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) announced its governance body on Tuesday, adding that it was on track to deliver next year standardising tools being designed to help dramatically increase the volume of carbon credit transactions.
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