WCI Markets: CCAs gain ground amidst hushed market activity, wait for programme clarity
California Carbon Allowance (CCA) prices increased over the past week amidst a dearth of activity as market participants await a rulemaking package from regulator ARB.
Read MoreCalifornia’s LCFS changes would create decarbonisation ‘obstacles,’ ethanol producer says
Ethanol producer POET publicly criticised proposed changes to the Low Carbon Fuel Standard (LCFS) Tuesday when the producer’s senior attorney told a California ARB division chief that the changes would introduce “obstacles” to practical decarbonisation pathways.
Read MoreNova Scotia Liberals attempt to bring back cap-and-trade programme
The former premier of Nova Scotia introduced a bill that would re-install a provincial cap-and-trade programme, eying an end to the province’s compliance with the federal carbon levy.
Read MoreCanada succeeds to lower CO2 emissions in 2023 during economic growth –report
An independent estimate of Canada’s national emissions in 2023, published Thursday, showed a modest decline, relative to the year prior.
Read MoreCalifornia gasoline consumption declines at slower pace in June as diesel sales hit year high
California gasoline consumption continued its year-over-year decline -albeit at a slower pace – in June while diesel sales reached their highest levels of the year, state data published this week showed.
Read MoreBolivia moves to centralise newly legal voluntary carbon market -media
Bolivia is preparing a presidential decree that would require domestic carbon projects to transfer their credit issuances to the central government, national media reported this week.
Read MoreMore federal cash needed for research before marine CDR can scale in the US, Congress hears
A ramp up in federal funding is needed to boost research and development into the nascent marine carbon dioxide removal (mCDR) industry that will require robust public-private partnerships to scale and become commercial, a congressional committee heard Thursday.
Read MoreBRIEFING: Experts confident of voluntary carbon market recovery, but not in 2024
Experts have said that they are confident the necessary factors for the voluntary carbon market (VCM) to recover are in place – but that this may not take place for some time.
Read MoreEU, US beginning to see eye-to-eye on Article 6 standards, says bloc’s lead negotiator
The US is beginning to cede ground in long-running negotiations over Article 6 of the Paris Agreement, showing flexibility on the EU’s demand for strong minimum standards to govern international carbon markets, the bloc’s chief climate negotiator said on Thursday.
Read MoreEuro Markets: EUAs plunge to new five-month low as gas drops 6% on supply news
EU allowance prices fell steeply on Thursday afternoon, reaching a new five-month low after earlier grinding their way higher, as gas markets were roiled by reports that Azerbaijan may ship gas to Europe through Ukraine, allaying fears of a supply shortage this winter after Kyiv’s contract to ship Russian gas comes to an end.
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