WCI Markets: CCAs trade higher after rare auction delay, Washington uncertainty prolongs
California Carbon Allowance (CCA) prices have reversed their pre-auction slide after the ARB delayed the Q2 sale due to technical difficulties, while Washington Carbon Allowances (WCAs) falter through meagre activity.
Read MoreLCFS Market: Credit prices plunge lower as renewable feedstock tariff hopes sink, stakeholders renew calls for programme stringency
California Low Carbon Fuel Standard (LCFS) prices plunged to new all-time lows this week as federal tariff announcements that excluded renewable diesel (RD) feedstocks further pressured an already flooded credit market, market participants said, while the ARB fields renewed calls for higher programme stringency.
Read MoreAdvisors call on Oregon to clarify offset use, credit eligibility in climate protection scheme
Oregon’s Department of Environmental Quality (DEQ) must address existing ambiguity surrounding compliance instruments under the Climate Protection Program (CPP), including the use of offset projects, as well as a new emissions cap, an advisory committee told the agency Tuesday.
Read MoreCompliance players build length across North American carbon markets, speculators book V24 profits
Compliance entities have added to their holdings across North American carbon markets, while managed money continue to reduce vintage 2024 positions in most schemes in favour of longer-dated California Carbon Allowances (CCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreWCI Markets: CCAs edge down as Q2 auction nears, Washington’s scheme remains muted
California Carbon Allowance (CCA) prices showed signs of retreat heading into the Q2 auction despite amassing weekly gains, while Washington Carbon Allowances (WCAs) fetched higher prices on limited market activity.
Read MoreBiotech firm, gas producer call for ramp-up of CI stringency in California LCFS scheme
California must significantly ramp up the proposed carbon intensity (CI) target under its Low Carbon Fuel Standard (LCFS) to rid the market of its surplus, according to submissions to the market regulator’s ongoing stakeholder consultation process.
Read MoreUS Policy Roundup: Colorado cap-and-trade legislation runs out of time, some Western US states adopt CCS policy
Lawmakers in Colorado failed to implement a cap-and-trade programme as this year’s legislative session approaches its end on Wednesday, although the state joined its Western US neighbours in advancing several carbon capture and storage (CCS) bills.
Read MoreAlabama legislature approves CO2 capture bill addressing geologic storage
A bill that lays out provisions for geologic carbon capture and storage (CCS) in Alabama passed the legislature last week, and is now headed to the governor’s office to be signed into law.
Read MoreNew Jersey lawmaker introduces cap-and-trade bill to regulate state’s non-power emissions
A New Jersey legislator introduced a bill this week that would direct the state’s Department of Environmental Protection (DEP) to implement a cap-and-trade programme to cover most greenhouse gas emissions not regulated under RGGI.
Read MoreCFTC data reveals largest RGGI drawdown for producers so far this year
Compliance entities slashed RGGI Allowance (RGA) holdings and net length in California Carbon Allowances (CCA), while managed money built positions across longer-dated North American carbon market vintages, data from the US Commodity Futures Trading Commission (CFTC) on Friday showed.
Read More