PREVIEW: Traders largely expect Q2 Washington carbon permit auction to clear near floor
Traders anticipate Washington’s upcoming second quarter current vintage auction to clear near the scheme’s floor and well below front-month futures prices, expecting the sale to sell all permits despite the looming possibility of the carbon market’s repeal.
Read MoreAnalysts revise down near-term CCA forecasts amid workshop disappointment, predict low auction clear in Washington
Analysts lowered their California Carbon Allowance (CCA) price estimates in light of workshop letdowns, but nevertheless foresaw an uptick in values following clarity regarding programme adjustments, and also projected a low auction clear in Washington’s carbon market.
Read MoreCanada underscores CDR deployment to achieve 2050 climate goals
Canada must advance its study on CO2 removal (CDR) technologies to support its climate goals, a report published by the Environment and Climate Change Canada (ECCC) revealed.
Read MoreWCI Q2 auction clears well below secondary market, trader expectations
The delayed Q2 California-Quebec current vintage carbon auction settled at a discount to secondary market prices and well below trader expectations.
Read MoreUS court green lights oil major’s case against investor-driven climate action
A US federal judge on Wednesday dismissed a request from an investment advisory firm to halt an oil major’s lawsuit against shareholders over their calls for stronger climate targets.
Read MoreARB offset issuance retreats from year-to-date highs, DEBs-tagged units pick up
California regulator ARB issued compliance-grade offsets tagged with direct environmental benefits (DEBs) to the state after a two-period hiatus, but the overall distribution fell from the highs reached two weeks earlier.
Read MoreResearch finds only 35% of analysed ARR projects restore native ecosystem
Only 35% of afforestation, reforestation, and revegetation (ARR) initiatives within the voluntary carbon market (VCM) reviewed by a US-based carbon management firm was found to revert ecosystem degradation, the company said Tuesday.
Read MoreCO2 removal firm raises $50 mln, commences operations in its first DAC facility
A US-based CO2 removal company on Monday announced the closure of its series B funding following a $50 million raise, also revealing that its first direct air capture (DAC) facility is now operational.
Read MoreRGGI Market: RGAs soar past $22 on higher power demand forecast
RGGI Allowance (RGA) prices reached fresh highs late last week amid market participants’ anticipation of increased power demand this summer.
Read MoreARB under fire for rejecting EJAC proposals in proposed cap and trade programme updates
California regulator ARB at a meeting on Thursday dismissed the state’s Environmental Justice Advisory Committee (EJAC) recommendations to establish no-trade zones, as well as eliminate offsets and free allowances in cap-and-trade rulemaking amendments.
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