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WCI speculative holdings rise as emitters add length for 2nd straight week
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 MoreTop
New banking regulations "unduly penalise" EU carbon trading, financial markets trade group warns
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 MoreTop
CN Markets: CEAs hold above 50 yuan, but volumes dwindle
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 MoreTop
Euro Markets: EUAs rebound after dip below €50, post 3.8% weekly loss
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 MoreTop
US Carbon Pricing and LCFS Roundup for week ending July 23, 2021
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 MoreTop
More London carbon traders on the move
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 MoreTop
Oil industry falls short of 1.5C goals, finds study that takes a hard line on offsets
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 MoreTop
EU’s carbon border levy to affect closest neighbours more than global players, experts say
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 MoreTop
NA Markets: CCA prices retrace further despite influx of V20 buying, RGGI stagnates on low demand
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 MoreTop
California natural gas generation rises in 2020 as power demand slumps
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 MoreTop
Euro Markets: EUAs slide to 7-week low amid pre-holiday "de-risking"
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 MoreTop
Quebec rejects LNG project over potential GHG impacts
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 MoreTop
EEX publishes EU carbon permit auction calendar for 2022, updates 2021 schedule
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 MoreTop
UK utility SSE sees power output fall 10% in Q2
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 MoreTop
