RGGI Market: RGAs set new records as sellers wait to secure higher profits
RGGI allowance (RGA) values reached new peaks for the third consecutive week amid market expectations of further rises until sellers lock in profits, with price stabilisation likely after the finalisation of programme changes.
Read MoreCanadian carbon offset investor reports big net loss amid falling credit prices
A Canada-headquartered voluntary carbon offset originator on Thursday reported an annual net loss of $35.5 million (C$48.1 mln) in 2023 amid halved credit sale prices, despite ongoing restructuring efforts to reduce operating costs.
Read MoreCanadian carbon credit financier sells CFR credits to undisclosed fuel supplier
A Vancouver-based carbon offset developer has announced a multi-year agreement to sell credits generated from Canada’s Clean Fuel Regulations (CFR), but did not disclose the purchaser’s identity.
Read MoreRenewable diesel fuels compliance across North American LCFS markets, but oversupply concerns persist
Low carbon fuel standards (LCFS) across North American markets will continue to see renewable diesel (RD) play a major role in helping fuel producers meet their carbon intensity (CI) targets, but regulators must continue to adjust stringency to maintain programme effectiveness in light of increased RD production capacity, experts said Wednesday.
Read MoreUtah’s largest coal plant to be compelled to continue operations amid weaning demand
Governor Spencer Cox (R) last week signed legislation that would allow Utah to purchase the state’s largest coal-fired power plant, originally scheduled for retirement in 2025, amid backlash from the operator citing a drop in electricity demand.
Read MoreRGGI Market: Observers anticipate permit values to hold strong as RGAs set fresh records
RGGI allowance (RGA) prices continued to soar past last week’s peaks amid heightened market strength, fuelled by the outcome of the first auction of the year and expectations surrounding the ongoing programme review.
Read MoreEmitters, speculators add to their holdings across North American carbon markets
Traders added to their overall net holdings across carbon markets in North America amid a recovery in allowance prices from last week’s rout, according to data published Friday by the US Commodities Futures Trading Commission (CFTC).
Read MoreCarbon market linkage may come at a price for Washington, analyst says
Washington’s linkage with the broader WCI market could hinder the state’s climate goals if it does not recalibrate its existing programme mechanisms, an analyst told conference participants Wednesday.
Read MoreWCI Markets: CCA, WCA prices rebound amid rulemaking updates from officials
Both California Carbon Allowance (CCA) and Washington Carbon Allowance (WCA) prices during the Mar. 14-20 period recovered from last week’s plunge, driven partly by additional information from regulators regarding the future of the schemes.
Read MoreCalifornia, Quebec agree to explore carbon market linkage with Washington state
WCI partners California and Quebec on Wednesday confirmed their interest in potentially extending their carbon market alliance to Washington, despite the voter-led ballot initiative that could upend the Evergreen State’s cap-and-invest scheme.
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