Peak diesel deficits in Q3 shrink Oregon CFP credit bank
Record diesel deficit generation in the third quarter of 2024 significantly counterbalanced overall credit output under Oregon’s Clean Fuels Program (OCFP), according to state data published Tuesday.
Read MoreLegal pressure mounts against CO2 pipeline development in Iowa
A US non-profit this month moved to intervene in a legal challenge against the Iowa Utilities Commission’s (IUC) approval of a CO2 pipeline permit, amplifying opposition to the contentious decision.
Read MoreCFTC: Compliance slashes RGGI exposure, investors brave CCA price slump
Producers took a drastic haircut to their RGGI Allowance (RGA) long holdings, while investors raised California Carbon Allowance (CCA) net length even as prices faltered over the week, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: CCAs hover above $30 with limited upside
Benchmark California Carbon Allowance (CCA) prices found support around the $30-handle, but traders questioned whether this level would sustain ahead of the first quarterly permit sale in a few weeks, while activity in Washington Carbon Allowances (WCA) was limited.
Read MoreNorth American Clean Fuels Markets: Federal policy uncertainty looms over programmes
California’s Low Carbon Fuel Standard (LCFS) credit prices moved higher even as the programme’s surplus bank hit a new high in Q3 2024, but market observers remained cautious about the impact of ongoing political turbulence in the US and Canada on clean fuel schemes.
Read MoreRGGI emissions increase more than 7% YoY in Q4
Emissions under the US Northeast and Mid-Atlantic power sector cap-and-trade scheme rose some 7.3% year-on-year (YoY) in the final quarter of 2024, driven by an uptick in CO2 output in most of the participating states, programme data showed Monday.
Read MoreCFTC: Investors continue CCA, LCFS pullback
Financial entities continued to cool off from California Carbon Allowance (CCA) and Low Carbon Fuel Standard (LFS) futures and options holdings, while emitters increased longer-dated CCAs and LFS positions, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreWCI Markets: “Skittish” CCAs briefly sniff sub-$30
Benchmark California Carbon Allowances (CCAs) traded below $30 for the first time in nearly two years as rulemaking uncertainty continued to weigh on the market, while earlier-dated Washington Carbon Allowances (WCA) lost more ground this week.
Read MoreARB bi-weekly offset issuance cycle passes without new additions
California issued no new compliance-grade offsets for the second bi-weekly distribution of the year, data published by the state regulator ARB Wednesday showed.
Read MoreUS budget office reverts memo on federal funding freeze
The White House budget office on Wednesday withdrew its memo on the federal funding pause after a judge issued a stay on the order the previous day, but clarified that President Donald Trump’s executive orders (EOs) on spending freeze have not been scrapped.
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