Overview

Argus carbon markets services provide essential insight into global industry trends, policy changes, and regulatory developments. They include access to analysis and price for the green markets assessments, including renewable energy certificates, voluntary carbon credits, CO2 permits, EU Emissions Trading systems (ETS), SO2 and NOX.

Key markets covered

  • Europe
  • EUA (EU ETS allowances)
  • CER (certified emission reductions)
  • ERU (emission reduction units)
  • US & Canada
  • RECs (renewable energy certificates)
  • Carbon markets for California, RGGI (Regional Greenhouse Gas Initiative), and Canada
  • California and Oregon LCFS (low-carbon fuel standard)
  • Biofuel RINs (renewable identification numbers)
  • SO2 and NOX

Latest carbon markets news

Browse the latest market moving news on carbon markets.

News
15/07/24

Trump taps Vance as running mate for 2024

Trump taps Vance as running mate for 2024

Washington, 15 July (Argus) — Former president Donald Trump has selected US senator JD Vance (R-Ohio) as his vice presidential pick for his 2024 campaign, elevating a former venture capitalist and close ally to become his running mate in the election. Vance, 39, is best known for his bestselling memoir Hillbilly Elegy that documented his upbringing in Middletown, Ohio, and his Appalachian roots. In the run-up to the presidential elections in 2016, Vance said he was "a never Trump guy" and called Trump "reprehensible." But he has since become one of Trump's top supporters and adopted many of his policies on the economy and immigration. Vance voted against providing more military aid to Ukraine and pushed Europe to spend more on defense. Trump said he chose his running mate after "lengthy deliberation and thought," citing Vance's service in the military, his law degree and his business career, which included launching venture capital firm Narya in 2020. Vance will do "everything he can to help me MAKE AMERICA GREAT AGAIN," Trump said today in a social media post. Like Trump, Vance has pushed to increase domestic oil and gas production and criticized government support for electric vehicles. President Joe Biden's energy policies have been "at war" with workers in states that are struggling because of the importance of low-cost energy to manufacturing, Vance said last month in an interview with Fox News. Trump made the announcement about Vance on the first day of the Republican National Convention in Milwaukee, Wisconsin, and just two days after surviving an assassination attempt during a campaign event in Pennsylvania. Earlier today, federal district court judge Aileen Cannon threw out a felony indictment that alleged Trump had mishandled classified government documents after leaving office. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Panama clears $10bn biofuels project


15/07/24
News
15/07/24

Panama clears $10bn biofuels project

Kingston, 15 July (Argus) — Panama's government has approved the construction of a $10bn biofuels project owned by US firm SGP BioEnergy. The project is now waiting a final investment decision that the firm expects will be reached by the end of this year. Japan's industrial conglomerate Sumitomo Group will build the Ciudad Dorada biorefinery on 130 hectares (ha) in the Colon free zone, SGP BioEnergy said. The project will produce 180,000 b/d of sustainable aviation fuel (SAF) to be exported mainly to the US market and 405,000 t/yr of low-carbon hydrogen. "For the national government, it is important to promote fair and inclusive processes that lead us to migrate to systems dominated by renewable energy or energy from clean sources for the benefit of the country" Panama's commerce and industry minister Julio Molto said. The plant will be developed in three phases of 60,000 b/d each. The first phase is expected to be completed in the first quarter of 2027 and the following phases within 15-18 months each. By Canute James Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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France's Annecy Haute-Savoie airport will offer SAF


15/07/24
News
15/07/24

France's Annecy Haute-Savoie airport will offer SAF

London, 15 July (Argus) — Global airport operator Vinci Airports and TotalEnergies have partnered to provide sustainable aviation fuel (SAF) and electric charging stations at France's Annecy Haute-Savoie Mont-Blanc airport. TotalEnergies will supply SAF made from waste and residues such as used cooking oil (UCO) to be blended up to 35pc with conventional aviation fuel. It will also install an electric charging station for light aircraft with minimum power of 22 kW. The installation is expected to be completed by October. Vinci Airports first made SAF available to users of Clermont-Ferrand Auvergne airport in France in 2021. The SAF, produced from UCO, is supplied by Air BP under a refuelling contract with Vinci Airports. The company said five of its airports now offer biofuels. By Evelina Lungu Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

News

Japan’s Erex cuts biomass-fired power output in June


15/07/24
News
15/07/24

Japan’s Erex cuts biomass-fired power output in June

Tokyo, 15 July (Argus) — Japanese renewable electricity producer Erex reduced its biomass-fired power generation output in June compared with a year earlier, according to the company data. Erex's combined biomass-fired output across the 50MW Saiki, the 75MW Buzen, and the 49MW Nakagusuku power plant in June fell by 8.5pc from a year earlier to 108GWh. The company does not publish output data for its 75MW Ofunato plant, while the 20MW Tosa plant has been under periodic maintenances since March. Erex operates a total of 269MW of biomass capacity in Japan, including Ofunato, burning mainly imported wood pellets and palm kernel shells. The company aims to start coal and biomass co-firing generation at the 149MW Itoigawa plant that has only consumed coal so far. The company plans to start operations at two more biomass plants, the 75MW Sakaide Hayashida in 2025 and the 300MW Niigata Mega Bio around 2029-2030. Erex is also accelerating biomass projects in southeast Asia, aiming to build up to 19 generation plants in Vietnam and five in Cambodia that will burn mainly wood residue and chips, in addition to several wood pellet plants in both countries. By Takeshi Maeda Erex's biomass generation in June 2024 Capacity(MW) Generations(GWh) Start of Operations Tosa 20.0 0.0 Jun-13 Saiki 50.0 31.0 Nov-16 Buzen 75.0 46.0 Jan-20 Nakagusuku 49.0 31.0 Jul-21 Ofunato 75.0 - Jan-20 Total 269.0 108.0 Source: Erex Erex biomass generation (MWh) Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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New Mexico statute could make LCFS tricky


12/07/24
News
12/07/24

New Mexico statute could make LCFS tricky

Houston, 12 July (Argus) — US independent refiner Valero warned other New Mexico's low-carbon fuel standard (LCFS) advisers today that lawmakers may make the program uniquely difficult. The language lawmakers passed earlier this year appeared to require the state's Clean Transportation Fuel Standard to reduce the carbon intensity of blended transportation fuels, said Brian Bartlett, part of Valero's public policy and strategic planning group, in a presentation to fellow advisory committee members on the draft rulemaking. That could mean tougher initial targets for the program if the state sets requirements for finished fuels already blended with biofuels, in addition to requirements for neat gasoline and diesel common to other markets, he said. "We are looking at it from the definition that is in the statute, and that is a different definition than is in any other statute," Bartlett said. Regulators and some other advisers in the meeting did not agree with the interpretation as the only way to read the law. LCFS programs require yearly reductions to transportation fuel carbon intensity. Higher-carbon fuels that exceed the annual limits incur deficits that suppliers must offset with credits generation from the distribution to the market of approved, lower-carbon alternatives. New Mexico lawmakers earlier this year directed the state Environment Department to establish an LCFS by July 2026. The state is speeding toward a formal rulemaking this summer to establish a program on a faster timeline. California's LCFS exists almost entirely through agency rulemakings. The law that led to its creation directs the state to reduce emissions, but legislators did not prescribe a transportation program. Oregon lawmakers, in part building off of that model, referenced a low-carbon fuel standard (LCFS) in 2009 legislation but did not include blended fuels in its definitions. Washington's legislation, passed in 2021 and leading to a program that began enforcement last year, defined regulated fuels as "electricity and any liquid or gaseous fuel" used for transportation. The law explicitly directs reductions using gasoline and diesel baselines, similar to other states. Under the interpretation proposed today, New Mexico would be unique in needing to determine a baseline for blends such as 10pc ethanol gasoline, or 5pc biodiesel. Blended fuels, especially renewable diesel blends, have driven much of the recent credit generation and carbon intensity reductions in west coast programs. "I think that's a novel interpretation that you have presented, and the Environment Department will definitely consider it," the agency's environmental protection division director Department Michelle Miano said. Representatives of ExxonMobil and Phillips 66 suggested that the process may need more time to offer sufficient technical expertise to the department. The Environment Department is seeking to complete a technical report ahead of a planned August petition for a rulemaking establishing the program to the state's Environmental Improvement Board. The advisory committee will meet to discuss the technical report and hold public comment on 26 July. By Elliott Blackburn Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.