WCI Markets: Continued CCA volatility as WCAs see rally
California Carbon Allowances (CCA) declined while Washington Carbon Allowances (WCA) rallied during the Mar. 21-27 period, as market participants remarked on the unexpected volatility following North American Carbon World (NACW) in San Francisco.
Read MoreCanada’s BC takes steps to ‘backstop’ provincial oil and gas emissions cap policy against federal inaction
British Columbia will introduce legislation to “backstop” current plans to impose an emissions cap on the province’s oil and gas sector in an effort to defend against the risk of weaker rules or complete inaction from Ottawa.
Read MoreCanadian carbon offset investor reports big net loss amid falling credit prices
A Canada-headquartered voluntary carbon offset originator on Thursday reported an annual net loss of $35.5 million (C$48.1 mln) in 2023 amid halved credit sale prices, despite ongoing restructuring efforts to reduce operating costs.
Read MoreLast coal plant in New England to close by 2028 amid pressure by green groups, regulators
The last coal-fired power plant in New England will close by 2028, its owner announced this week, handing environmental activists a victory.
Read MoreEuro Markets: EUAs ease back in thin range as market awaits verified emissions data
European carbon prices eased 1% moving in a thin range on Thursday, despite initial strength, as they tracked gas and coal markets lower over the session, while traders were said to be waiting for the publication of verified emissions data next week.
Read MoreTight cookstove emissions methodology wipes out cheap abatement under $10, finds report
Tightening the calculation of emissions from voluntary cookstove credits will almost wipe out abatement for under $10 per tonne, finds a report.
Read MoreCarbon insurer closes $10 mln investor raise
A US-based carbon credit insurance company has closed a $10 million investor raise, bringing several new firms on board and attracting the support of multiple angel investors.
Read MoreDemand ramping up in voluntary cookstove sector after pre-issuance credits snapped up, says financier
Nearly half of around 590,000 African voluntary credits from biomass improved projects were recently sold ahead of issuance, and above secondary market prices, a carbon financier told Carbon Pulse Thursday, after last week announcing a hefty investment into electric cookstoves.
Read MoreChile approves first offsetting projects eligible for paying national carbon tax
Chile officially approved the first eight carbon projects eligible for payment of its $5/tonne national carbon tax Wednesday, operationalising a new offsetting mechanism announced last year.
Read MoreCanadian project developer buys 25,000 tonnes of BECCS removals credits from UK energy firm
A UK energy firm announced Thursday that it has reached a five-year agreement for the sale of 25,000 tonnes of bioenergy with carbon capture and storage (BECCS) credits to a Calgary-headquartered project developer at $350/tonne, according to a Thursday press release.
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