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WCI speculative holdings rise as emitters add length for 2nd straight week

Published 21:28 on July 23, 2021  /  Last updated at 21:28 on July 23, 2021  /  Americas, Canada, US  /  No Comments

WCI speculative firms added to their California Carbon Allowance (CCA) position over the past week, as emitters slightly increased their holding over the period to mark the second consecutive week-on-week gain, according to US Commodity Futures Trading Commission (CFTC) data published Friday. Read More
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New banking regulations "unduly penalise" EU carbon trading, financial markets trade group warns

Published 14:43 on July 23, 2021  /  Last updated at 12:31 on July 24, 2021  /  Americas, EMEA, EU ETS, International, UK ETS, US, Voluntary Market  /  No Comments

New European banking regulations could unduly hamper global carbon trading by assigning an excessive risk weighting and penalising allowance carry trades in the EU ETS, a major trade organisation representing financial market participants has warned. Read More
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CN Markets: CEAs hold above 50 yuan, but volumes dwindle

Published 10:11 on July 23, 2021  /  Last updated at 10:11 on July 23, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Allowance prices in China’s national emissions trading scheme have held firm above 50 yuan ($7.72) since the market opened last week, but trading activity has come down significantly as traders expect liquidity to remain patchy in the coming weeks. Read More
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Euro Markets: EUAs rebound after dip below €50, post 3.8% weekly loss

Published 18:30 on July 23, 2021  /  Last updated at 21:23 on July 23, 2021  /  EU ETS, UK ETS  /  No Comments

EUAs edged higher on Friday after testing major support at €50, as buying interest evaporated this week and participants speculated over reports that some EU member states had disbursed free allocations. Read More
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US Carbon Pricing and LCFS Roundup for week ending July 23, 2021

Published 16:56 on July 23, 2021  /  Last updated at 16:56 on July 23, 2021  /  Americas, Canada, CBAM, International, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in Washington state and federal legislation regarding a carbon tariff. Read More
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More London carbon traders on the move

Published 21:50 on July 23, 2021  /  Last updated at 12:06 on July 24, 2021  /  Bavardage, EMEA, EU ETS  /  No Comments

Gazprom’s trading arm has parted ways with its head of environmental products, while a London-based emissions trader at a carbon hedge fund appears to have left his role. Read More
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Oil industry falls short of 1.5C goals, finds study that takes a hard line on offsets

Published 22:56 on July 22, 2021  /  Last updated at 22:56 on July 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Voluntary Market  /  No Comments

The world’s oil and gas industry is set to vastly exceed emissions levels compatible with limiting global warming to the Paris Agreement's 1.5C goal, according to a study that gave no weight to the sector’s massive offset buying spree. Read More
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EU’s carbon border levy to affect closest neighbours more than global players, experts say

Published 17:51 on July 22, 2021  /  Last updated at 17:51 on July 22, 2021  /  Africa, Asia Pacific, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, South Korea, Switzerland  /  No Comments

The EU’s proposed carbon border adjustment mechanism will likely affect its closest neighbours much more than global trade partners, experts believe, despite an increasing number of countries across the globe expressing concerns over the 27-nation bloc’s plans. Read More
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NA Markets: CCA prices retrace further despite influx of V20 buying, RGGI stagnates on low demand

Published 22:44 on July 22, 2021  /  Last updated at 22:44 on July 22, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices this week declined despite a surge in transacted volume, while RGGI Allowance (RGA) values edged down slightly across the week with limited buying interest. Read More
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California natural gas generation rises in 2020 as power demand slumps

Published 22:52 on July 22, 2021  /  Last updated at 22:52 on July 22, 2021  /  Americas, Canada, US  /  No Comments

California electricity consumption declined to a near-term low in 2020 as a result of the COVID-19 pandemic, but natural gas-fired generation still increased over the past year due to a drop in hydroelectric capacity, according to state figures.  Read More
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Euro Markets: EUAs slide to 7-week low amid pre-holiday "de-risking"

Published 18:27 on July 22, 2021  /  Last updated at 03:18 on July 23, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs fell to their lowest in nearly seven weeks as traders cut long positions ahead of the summer holidays, with carbon outpacing declines in energy markets as de-risking took centre stage. Read More
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Quebec rejects LNG project over potential GHG impacts

Published 15:49 on July 22, 2021  /  Last updated at 21:27 on July 22, 2021  /  Americas, Canada, US  /  No Comments

The Quebec government declined to authorise a proposed natural gas liquefaction facility on Wednesday due to concerns that the project would not lead to a net reduction in global emissions. Read More
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EEX publishes EU carbon permit auction calendar for 2022, updates 2021 schedule

Published 19:24 on July 22, 2021  /  Last updated at 03:00 on July 23, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Energy exchange EEX on Thursday published the EUA and EUAA auction calendar for 2022, while updating the 2021 schedule to account for supply withdrawals by the MSR from September to December. Read More
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UK utility SSE sees power output fall 10% in Q2

Published 18:08 on July 22, 2021  /  Last updated at 18:08 on July 22, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

UK utility SSE saw its power output drop 10.4% year-on-year in Q2 as calmer, drier conditions curbed renewables while gas generation fell mainly on lower plant availability, the company said on Thursday. Read More
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Guangdong ETS reports 100% compliance for 2020 as power plants exit scheme

Published 11:15 on July 22, 2021  /  Last updated at 11:15 on July 22, 2021  /  China, China's National ETS, China's Pilot Markets  /  No Comments

All 245 companies covered by China’s biggest pilot emissions trading scheme surrendered permits in time this week to meet their 2020 obligations, marking the end of the last compliance cycle before coal-fired power plants accounting for around 40% of the scheme’s emissions transition to the national market. Read More