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Rebalancing, contract rolls frame weekly changes in CCA, RGGI holdings

Published 23:08 on December 9, 2022  /  Last updated at 23:08 on December 9, 2022  /  Americas, Canada, US  /  No Comments

Compliance entities and financials reduced their California Carbon Allowances (CCAs) over annual contract rolling and rebalancing activity, while RGGI Allowances (RGAs) were picked up by regulated entities ahead of the last allowance sale for the year, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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California industrial carbon allowance allocations tick up for 2023

Published 22:33 on December 9, 2022  /  Last updated at 22:33 on December 9, 2022  /  Americas, Canada, US  /  No Comments

California free carbon permit distributions to industrials increased slightly for 2023 as economic sectors likely saw their production bounce back after the earlier stages of the COVID-19 pandemic, according to data from state regulator ARB published on Friday.

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Gold Standard cites “unjustifiable” UK offsetting claims for new coal mine

Published 20:35 on December 9, 2022  /  Last updated at 20:35 on December 9, 2022  /  EMEA, UK ETS, Voluntary  /  No Comments

Gold Standard has dismissed the UK government’s statement that the standard body’s carbon credits could be used to mitigate a controversial new coal mine in the UK, branding the offsetting justification as “nonsense” and against its guidance.

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COMMENT: Sweep’s climate tech & business predictions for 2023

Published 19:08 on December 9, 2022  /  Last updated at 19:10 on December 9, 2022  /  Contributed Content, Other Content  /  No Comments

2023 is shaping up to be a year filled with climate action from businesses, as new regulations come into place and carbon data becomes key to meeting reduction targets. Rachel Delacour, CEO of Sweep, Europe’s leading carbon management and reduction platform, shares her insights to help businesses get ahead of the curve. 

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Senior Program Officer, Carbon, GGGI – Vientiane

Published 18:58 on December 9, 2022  /  Last updated at 18:58 on December 9, 2022  /  Job Postings  /  No Comments

The Senior Program Officer, Carbon will be the recognized focal point for the project in Lao PDR and will have overall responsibility for timely and high-quality project delivery. The position-holder will provide day-to-day technical and strategic guidance and management, as well as liaise externally to ensure impactful delivery of the project and its outputs.

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French bank launches exchange-traded commodity contract to track EU carbon

Published 18:19 on December 9, 2022  /  Last updated at 18:19 on December 9, 2022  /  EMEA, EU ETS  /  No Comments

A French investment bank this week launched an exchange-traded commodity (ETC) contract in Europe that tracks EU carbon prices.

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Canada meets pledge to end international fossil fuel subsidies

Published 18:17 on December 9, 2022  /  Last updated at 18:27 on December 9, 2022  /  Americas, Canada, International  /  No Comments

The Canadian government confirmed on Thursday that it would end new direct public support for the international fossil fuels energy sector by the end of 2022, in keeping with a pledge made at COP26 last year.

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Euro Markets: EUAs slip but still notch 3.1% weekly gain despite ‘fragility’

Published 17:50 on December 9, 2022  /  Last updated at 17:50 on December 9, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices dipped on Friday but still managed a weekly gain, as a supportive energy complex and options-related positioning eclipsed warnings that the recent rally to a three-month high is overdone.

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EU approves funding for cross-border energy infrastructure, including CCS

Published 17:29 on December 9, 2022  /  Last updated at 17:29 on December 9, 2022  /  EMEA, EU ETS  /  No Comments

Eight projects for energy infrastructure across Belgium, Croatia, France, Ireland, Italy, Austria, Poland, Romania, Slovenia, and Tunisia are set to receive a total of €602 million from the Connecting Europe Facility after gaining approval from Brussels on Friday.

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UPDATE – RGGI Q4 auction clears at lowest level since last September  

Published 16:36 on December 9, 2022  /  Last updated at 19:18 on December 9, 2022  /  Americas, US  /  No Comments

RGGI’s Q4 auction this week cleared at the lowest level in over a year amid weaker demand from compliance entities, according to results published Friday.

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