CFTC: Producers boost holdings across North American carbon markets, investors hone in on V25s
Emitters built their net holdings throughout the North American carbon markets, while financial players continued to shuffle their positions in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs) in favour of V25s, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreRGGI Q4 auction clears more than $2 below secondary market, mild spec involvement
The last RGGI cap-and-trade auction of 2024 cleared at a $2.35 discount to RGGI Allowances (RGAs) in the secondary market the day before the sale, and at the low end of market expectations for a discounted settlement, with limited participation from financial entities, according to results published Friday.
Read MoreWCI Markets: CCAs sell-off ahead of option expiry, Q4 auction shapes WCA direction
California Carbon Allowance (CCA) future prices dropped over the past week as market participants positioned themselves ahead of option expiry, while Washington Carbon Allowances (WCAs) continued their decline heading into the final carbon permit auction of the year.
Read MoreStakeholders make final case for OCFP changes ahead of vote on approval
The final draft of Oregon’s Clean Fuels Program (OCFP) requires numerous refinements to better support businesses and drive investments for low carbon initiatives, industry voices told the state’s Department of Environmental Quality (DEQ).
Read MoreWashington finalises regulatory updates for imported power under carbon market
Washington state on Tuesday adopted amended regulations to establish obligations in future for emissions associated with imported power from centralised electricity markets (CEMs).
Read MorePREVIEW: Washington’s Q4 auction expected to trigger reserve sale
Washington’s final current vintage auction for this year is anticipated to prompt a reserve sale that would release additional volumes, driven by the market’s need for increased permit supply.
Read MoreCFTC: Traders bulk holdings in V25s across WCI, RGGI carbon markets
Both emitters and financial players continued to move their holdings in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs) into 2025 at the expense of 2024, delayed data from the US Thanksgiving holiday published Monday by the US Commodity Futures Trading Commission (CFTC) showed.
Read MoreMaine sues oil companies for climate change claims
Maine on Tuesday joined a growing wave of US states suing major oil companies with claims that the firms exacerbated climate change and misled consumers with greenwashing campaigns.
Read MoreUPDATE – WCI Markets: CCAs stage quick recovery after bearish sentiment from ARB’s rulemaking delays sinks Q4 auction clear
The Q4 California-Quebec current vintage carbon auction settled at nearly a $2 discount to secondary market prices and in line with a large cross-section of trader expectations, even as California Carbon Allowance (CCA) futures bounced quickly from the weak result.
Read MoreWashington releases updated CFS draft rules with book-and-claim, avoided methane provisions
Washington’s Department of Ecology (ECY) on Tuesday outlined changes to the state’s Clean Fuel Standard (WCFS) draft rules, including book-and-claim as well as avoided methane crediting measures.
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