WCI Markets: CCA market awaits ARB as WCAs continue to rally on small volumes
California Carbon Allowances (CCA) saw a modest gain over the Mar. 28-Apr.3 period, as market participants await forthcoming developments on cap-and-trade rulemaking from regulator ARB, while Washington Carbon Allowances (WCA) continued to rally on small volumes.
Read MoreStakeholders grumble about limited voluntary carbon market access, other design flaws in BC’s latest draft forest offset protocol
Stakeholders have criticised the latest draft of British Columbia’s second forest carbon offset protocol (FCOP 2.0) over the prospects of limited interaction with the voluntary carbon market (VCM) and for other perceived design flaws, according to a report.
Read MoreMajor energy projections suggest carbon removal essential to limit warming, but full fossil fuel phaseout not required -report
Eight energy outlooks published in 2023, alongside historical data sources, see substantial fossil fuel consumption through at least 2050, implying a scale-up of carbon removal technologies will be required in order to meet international climate targets, according to a report published Tuesday by a US non-profit research institution.
Read MoreCanadian carbon offset financier sees project revaluation income boost but faces cash squeeze
A Toronto-headquartered voluntary carbon investor saw positive income in 2023 following a major revaluation of its only credit-issuing project to-date, but needs to raise more cash to fund planned operations for the next 12 months, it reported Tuesday.
Read MoreInvestment funds open new California cap-and-trade accounts in Q1
A range of investment funds opened accounts in California’s WCI-linked carbon market in Q1 according to state data published Friday.
Read MoreEmitters and speculators widen net length in most North American carbon markets
Traders largely widened their net length across North American carbon markets, with a preference for longer dated vintages, according to data published Friday by the US Commodities Futures Trading Commission (CFTC).
Read MoreWCI 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 MorePower producer defends lawsuit against Washington govt, claims discrimination under cap-and-trade
A gas-fired power producer has defended its motion for the Washington Department of Ecology (ECY) to either issue free allowances or prohibit the producer’s purchase of allowances that cover emissions associated with generation for non-Washington consumers, in an ongoing lawsuit.
Read MoreBC utility cannot provide 100% renewable gas to all new homes, faces separate greenwashing lawsuit
A British Columbia regulator rejected a provincial utility’s proposal to provide 100% renewable natural gas (RNG) to all new homes at subsidised rates, while an environmental non-profit took the company to court on Tuesday for alleged greenwashing.
Read MoreCemex says emissions cuts allowing it to stretch surplus carbon allowance inventories beyond 2026
Cemex continues to cut its Scope 1 and 2 emissions, allowing it to stretch the length of time it can rely on its surplus of European carbon allowances, the cement-maker said on Tuesday.
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