Cole Martin

Dec 28, 2023 | argusmedia.com | Cole Martin

Regional Greenhouse Gas Initiative (RGGI) CO2 allowances have hit record high prices to close the year, and updates to the power plant carbon market's rules could spur further increases in 2024.

Dec 7, 2023 | argusmedia.com | Cole Martin

Canada plans to cap greenhouse gas (GHG) emissions from oil and gas companies utilizing a carbon trading mechanism, which officials say will set the sector up to decarbonize by midcentury, while still upping production this decade. The program would set facility-specific caps on GHG emissions from mostly upstream oil and gas facilities, targeting a 35-38pc reduction in emissions from 2019 levels by 2030.

Nov 13, 2023 | argusmedia.com | Cole Martin

Environmental regulations will push the majority of coal-fired power in the Electric Reliability Council of Texas (ERCOT) to retrofit or retire in the coming years, according to a new study. While all four Texas coal-fired plants in the Southwest Power Pool are set to close by 2028, just two of the 10 coal-fired plants in ERCOT have plans to retire by 2030 according to the research paper from Rice University's Baker Institute for Public Policy.

Sep 25, 2023 | argusmedia.com | Cole Martin

North Carolina lawmakers have clinched a long-awaited budget agreement that includes language preventing state regulators from requiring power plants to join carbon trading programs, including the Regional Greenhouse Gas Initiative (RGGI). The budget provision effectively targets the state Department of Environmental Quality, which had been looking at joining the RGGI power plant CO2 cap-and-trade program through rulemaking.

Sep 20, 2023 | argusmedia.com | Cole Martin

A global initiative to steer money from the voluntary carbon market to help developing countries decarbonize their power sectors plans to release a draft program "framework" at the Cop 28 climate conference this year in Dubai.