WCI Markets: CCA prices gain momentum on wide intraday range
California Carbon Allowance (CCA) prices plunged to year-to-date lows before rebounding on Wednesday, with a surge in volatility that brought intraday spreads up to more than $2 in the absence of a catalyst to signal market direction.
Read MoreLCFS Q1 net credit output retreats from record highs
Net credit generation under California’s Low Carbon Fuel Standard (LCFS) trailed behind last quarter’s historic highs on lower renewable diesel (RD) and ethanol contribution to the total, according to state data published Wednesday.
Read MoreUS senators call for restriction on upcoming biofuels tax credit eligibility
A bipartisan group of US senators on Tuesday urged President Joe Biden’s administration to limit an upcoming biofuels tax credit to those produced from domestic feedstocks.
Read MoreClarity on quality needed to accelerate growth in the CDR industry -panel
Although buyer expectations surrounding higher quality carbon removal (CDR) credits have picked up in recent months, the lack of clarity on standards continues to hinder market participation, panellists at a webinar said Monday.
Read MoreProducers expand net length across most North American carbon markets, speculators continue CCA shift to 2025
Compliance entities built their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net positions this week, while speculators continued to favour 2025 CCA holdings, weekly data from the Commitment of Traders’ (CFTC) report released Friday showed.
Read MoreWCI Markets: CCAs contained below WCAs all week
California Carbon Allowance (CCA) prices stabilised on lower volumes this week in the absence of a market catalyst, holding below Washington Carbon Allowances (WCA) that registered a slight uptick in activity in an otherwise subdued market.
Read MoreCanadian apparel brand faces class action lawsuit over alleged greenwashing claims
A Florida resident this month sued a major Canadian athleisure brand alleging that the firm’s marketing campaign misled consumers regarding its environmental impacts.
Read MoreThe US may not meet its 2030 climate target despite an uptick in federal efforts, says research group
The US may fail to meet its 2030 climate pledges despite support from recently enacted policies that have accelerated the country’s decarbonisation pace, a New York-based research group said Tuesday.
Read MoreNY Governor announces $100 mln to decarbonise the Empire State Plaza
New York Governor Kathy Hochul (D) on Friday unveiled $100 million to decarbonise the Empire State Plaza, targeting a 20% GHG reduction in its operations.
Read MoreCanada pours another C$71 mln into 2 Billion Trees programme despite past shortfalls
Canada’s ministry of natural resources on Friday announced more than C$71 million ($51.7 mln) in additional funding to support its 2 Billion Trees (2BT) initiative, which was previously deemed unlikely to meet its target without significant changes.
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