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EU Market: Cancelled auction tempers mood after EUAs hit 6-week high
EU carbon ended little changed on Tuesday as the first cancelled auction in 10 months tempered bullish sentiment after prices hit a six-week high. Read MoreTop
New UN Article 6 text emerges to raise hopes of emission trade deal this year
The UN produced a new draft text on rules covering international emissions trade on Tuesday, after governments broke a deadlock that some observers said raises the prospects for a deal later this year on the Paris Agreement’s divisive Article 6. Read MoreTop
Oregon Democrats shy of votes needed to pass ETS bill, Senate President says
Oregon Democrats do not have the votes to pass the cap-and-trade bill at the center of a Republican walkout, the Senate President said Tuesday. Read MoreTop
Australian minister warns states on “inappropriate” climate targets
Australian Energy Minister Angus Taylor has warned state governments about setting more ambitious emission reductions than the federal Coalition, arguing this would be inappropriate and likely to push up power prices. Read MoreTop
EU Allowance auction cancelled due to low interest
Tuesday's EU Common Auction Platform (CAP) auction was cancelled because the clearing price was significantly below the secondary market, sale host EEX said. Read MoreTop
NZ Market: NZUs rebound as buyers see good value
New Zealand carbon allowances climbed back up to NZ$23 ($15.28) as some buyers stepped in to take advantage of what they considered attractive levels. Read MoreTop
New speculators' holdings remain unchanged amid WCI price declines, govt data shows
New speculators trimmed some length off their California Carbon Allowance (CCA) holdings over the past week, but the group’s large position remained relatively unchanged despite significant price decreases in the WCI cap-and-trade market, according to US Commodity Futures Trading Commission (CFTC) data. Read MoreTop
LCFS Market: California prices approaching $200 mark
California Low Carbon Fuel Standard (LCFS) prices have continued their steady increase over the month of June as compliance buying has persisted, but some participants have questioned how much further the bull run will last. Read MoreTop
RINs jump on rumours of biofuel waiver review by Trump administration
Prices for biofuel credits (RINs) under the Renewable Fuel Standard (RFS) have climbed in recent days after a news outlet reported President Trump ordered a review of the EPA’s compliance waiver programme for refiners. Read MoreTop
