CFTC: Producers add CCA net length, slash exposure in RGGI between auctions
Compliance entities increased their California Carbon Allowance (CCA) holdings on a net basis and reduced RGGI Allowance (RGA) exposure as the WCI second quarterly carbon permit sale concluded while that for the Northeast market neared.
Read MoreUPDATE – RGGI Market: Q2 allowance sale settles sub-$20, along market expectations
The second RGGI cap-and-trade auction of 2025 settled in line with RGGI Allowances (RGAs) in the secondary market the day before the sale, and below $20 as many market participants had expected.
Read MoreOregon CFP deficits on track to surpass credit generation in Q4 2024
Deficit generation under the Oregon Clean Fuels Program (OCFP) in Q4 last year surpassed total credit output, which dropped to the lowest levels since early 2023, according to state data published this week.
Read MorePREVIEW: Federal risks, programme fundamentals shape RGGI Q2 auction outlook
A majority of the traders expected the Q2 RGGI carbon permit auction on Wednesday to clear close to secondary market levels, with few anticipating a discount, as observers considered a mix of federal threats, regulatory delays, and programme fundamentals that could shape the outcome.
Read MoreRGGI Market: Benchmark RGAs slip below $20 as Q2 auction nears
Benchmark RGGI Allowance (RGA) prices settled below $20 for the first time in May as the market braces for this week’s Q2 auction amid federal headwinds and ongoing silence on programme review updates.
Read MoreUS Supreme Court limits scope of NEPA review
The US Supreme Court (SCOTUS) on Thursday curtailed environmental review mandates for infrastructure projects under the National Environmental Policy Act (NEPA).
Read MoreIowa lawmakers approve measure to establish SAF tax credit in the state
Iowa state lawmakers have passed a bill to establish a sustainable aviation fuel (SAF) tax credit to support production in the state.
Read MoreCanada moves to scrap carbon tax from law
Canada’s finance minister this week tabled a motion to remove the consumer carbon tax from law, formalising Prime Minister Mark Carney’s earlier move to zero out the levy.
Read MoreRGGI Market: RGA prices tumble ahead of Q2 auction
RGGI Allowance (RGA) prices dropped to the lowest levels thus far in May with the Q2 auction on the horizon and limited upside in the market, given ongoing programme risks and regulatory silence on rule revisions.
Read MoreCalifornia advisory body suggests tweaks to ETS extension, spending proposal
The California Legislative Analyst’s Office (LAO) this month outlined recommendations surrounding the governor’s proposal for cap-and-trade extension and the Greenhouse Gas Reduction Fund (GGRF) expenditure plan to better align the scheme with legislative priorities.
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