WCI Markets: CCAs record mild gains, WCAs continue to decline post-linkage signing announcement
As the market continued to digest news that California, Quebec, and Washington would sign linkage agreements on Thursday, California Carbon Allowance (CCA) prices settled above $33 through the week before dipping just below that threshold on the day, while Washington Carbon Allowances continued its decline from the week period.
Read MoreOcean CO2 removal company raises $12.5 mln in initial Series B financing
A California-based marine carbon dioxide removal (mCDR) company raised $12.5 million in the first close of its latest funding round, targeting application of its technology in other industrial markets.
Read MoreWashington, California, and Quebec to sign carbon market linkage agreement
Washington, California, and Quebec plan to sign a linkage agreement of their carbon markets in their respective regions, according to a market notice circulated Tuesday.
Read MoreAllowances on offer hold steady for Q3 WCI auction
The Q3 California-Quebec joint WCI auction will offer just 1% fewer allowances than the previous quarter, according to a Friday notice.Â
Read MoreWCI Markets: CCAs breach $32, WCAs drop to record lows
California Carbon Allowance (CCA) prices climbed steadily through the week to break past $32, while Washington Carbon Allowance (WCA) prices dropped over 8% week-on-week (WoW).
Read MoreForest carbon standard issues over 1 mln credits to Costa Rica, first removal units
A major certification body for jurisdictional carbon programmes issued just under 1.1 million credits to Costa Rica, a share of which are the first removals certified by the standard, it announced Wednesday.
Read MoreWashington cap-and-invest accounts, holdings steady in Q2
The number of participants and holdings in Washington’s cap-and-invest programme increased in Q2, according to a report published Wednesday.
Read MoreMajor oil and gas companies spent over $273 mln lobbying for favourable US carbon market rules, investigation finds
Oil and gas companies have spent over $273 million to bolster carbon credit use in California’s emissions trading scheme, as well as shape early governance of climate-related market risks at a US financial regulator, a report found.
Read MoreRGGI Market: RGAs hover above $40, market awaits new entrants and affordability measures
RGGI Allowance (RGA) futures largely settled above the $40 mark during the last week according to data on ICE, as traders expect relative price stagnancy in the absence of expected market interventions from Virginia’s re-entry and affordability measures signalled by the administrator.
Read MoreWCI Markets: CCAs back off from recent highs
Trading of California Carbon Allowances (CCAs) slowed following the high of regulator ARB’s recent vote on proposed Cap-and-Invest programme changes, while Washington Carbon Allowance (WCA) prices and trading activity dipped into the Q2 auction results.
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