China thermal power increases in August, though slower than renewables growth
China saw its domestic thermal power generation expand last month from a year earlier with increased coal output, but hydro and solar power production continued to post stronger annual growth.
Read MoreCFTC: Financials stick with V25 CCA thesis, RGGI slides into shoulder season
Financial entities continued to bolster V25 California Carbon Allowance (CCA) holdings, reducing exposure to V24s over the week, while traders tempered RGGI net length as shoulder season weakness set in, according to data from the US Commodity Futures Trading Commission (CFTC).
Read MoreUS appeals court gives EPA go-ahead to justify interstate air pollution regulation
A US federal appeals court on Thursday instructed the Environmental Protection Agency (EPA) to respond to the concerns of the Supreme Court (SCOTUS) and petitioners who effectively halted the regulator’s scheme to reduce interstate air pollution.
Read MoreEPA issues violation notice to Illinois CO2 injection operation due to leak
The US Environmental Protection Agency (EPA) has notified a large-scale carbon injection project in Illinois it has violated its operating permit following a CO2 leak that occurred in 2023, according to documents shared with Carbon Pulse.
Read MoreCalifornia state Republicans propose bills to reform LCFS, cap-and-trade
California Republicans have introduced legislation to exempt gas from the state’s cap-and-trade scheme, as well as freeze impending amendments to the Low Carbon Fuel Standard (LCFS), with the overall aim to reduce retail gasoline prices.
Read MoreUS Democrats introduce legislation for carbon scoring, penalties for fossil fuel firms
Democrats in the US Congress introduced separate bills on Thursday that would require analysis of the effects on emissions from legislative proposals and charge fossil fuel companies for their historic CO2 output.
Read MoreANALYSIS: Voluntary, regulated carbon markets need each other, but solving the supply bottleneck will take years
Voluntary and regulated carbon markets need one another, international stakeholders told a World Bank-convened event this week, but creating the right investment conditions to scale supply and blur the lines between the two forms of pricing mechanisms will take years.
Read MoreEuropean utilities push back on “disruptive” electricity market reforms
Measures to lower electricity prices for European industry to drive their global competitiveness, could severely dampen the business case for investments in clean power, warned European electricity trade association Eurelectric this week.
Read MoreEuro Markets: EUAs hit new 7-week low, fall 2% on week but remain rangebound as gas awaits direction
EU carbon allowances fell for a fourth straight week, shedding a little over 2% from last Friday as prices spent the morning in positive territory, before falling to a seven-week low in the afternoon as they struggled to match a more resilient natural gas market.
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