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NA Markets: CCAs surge on strong speculative interest, RGGI climbs on thin volume

Published 22:31 on April 11, 2019  /  Last updated at 22:31 on April 11, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices rose significantly this week as new speculative capital continued to drive the WCI market’s recent bull run, while RGGI allowances (RGAs) saw minimal activity and small gains on the secondary market.

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California mints 646,000 new offsets as forestry issuances remain strong

Published 23:32 on April 10, 2019  /  Last updated at 23:32 on April 10, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California issued more than 646,000 California Carbon Offsets (CCOs) across six projects, and forestry projects made up a bulk of the new issuances, regulator data showed Wednesday.

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WCI compliance entities trimming net positions amid market bull run

Published 17:16 on April 10, 2019  /  Last updated at 17:22 on April 10, 2019  /  Americas, Canada, US  /  No Comments

Compliance entities in the WCI cap-and-trade programme appear to be cutting their long positions in the secondary market as California Carbon Allowance (CCA) prices have jumped over the past six weeks, according to US Commodities Futures Trading Commission (CFTC) data.

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Ontario set to release 2017 carbon market emissions data -ministry

Published 23:04 on April 9, 2019  /  Last updated at 01:00 on April 10, 2019  /  Americas, Canada, US  /  No Comments

Ontario will release 2017 emissions data for entities covered by the Canadian province’s now-defunct cap-and-trade programme in the coming weeks, an environmental ministry spokesperson confirmed to Carbon Pulse.

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Canadian government sets up independent climate watchdog

Published 23:01 on April 9, 2019  /  Last updated at 01:09 on April 10, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian government announced Tuesday the creation of an independent climate institute to deliver advice and analysis on clean growth and emissions reduction strategies, including carbon pricing.

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New entrant into WCI programme calls California carbon “underpriced”

Published 18:14 on April 8, 2019  /  Last updated at 18:14 on April 8, 2019  /  Americas, Canada, US  /  No Comments

Six additional general WCI market participant accounts were opened in California during the first quarter, including a New York-based fund that sees California Carbon Allowance (CCA) futures as underpriced.

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Shell, ClimeCo complete first exchange-traded California carbon offset deal

Published 17:55 on April 8, 2019  /  Last updated at 20:31 on April 8, 2019  /  Americas, Canada, US  /  No Comments

Shell Energy and ClimeCo traded the first California Carbon Offset (CCO) without any invalidation risk on ICE on Monday, the companies said, with the new offering seen bolstering credit transparency and activity in the WCI cap-and-trade programme.

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CORRECTION: California allowance oversupply should be advisory body’s top priority -aide

Published 23:23 on April 5, 2019  /  Last updated at 16:54 on April 8, 2019  /  Americas, Canada, US  /  No Comments

California’s Independent Emissions Market Advisory Committee (IEMAC) should focus its attention on the WCI programme’s allowance oversupply and provide concrete remedies if a problem if determined, along with examining the state’s current forestry offset protocol, a legislative aide said Friday.

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WCI allowance surplus approaches 200 mln during Q1 2019

Published 22:45 on April 4, 2019  /  Last updated at 22:52 on April 4, 2019  /  Americas, Canada, US  /  No Comments

California and Quebec entities continued to stretch the joint cap-and-trade programme’s vast permit surplus even further after picking up additional unsold allowances during the first quarter of 2019, according to WCI data.

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NA Markets: California allowances soar to seven-year high, RGGI resumes post-auction rise

Published 22:34 on April 4, 2019  /  Last updated at 22:34 on April 4, 2019  /  Americas, Canada, US  /  No Comments

New speculators are continuing to drive California Carbon Allowance (CCA) prices ever higher on the secondary market, while RGGI allowances (RGAs) found their own support after levelling off the previous week, numerous traders said.

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