NA Markets: CCAs leap above $24 on renewed financial interest and lack of sellers
California Carbon Allowance (CCA) prices soared to new records over the first half of the holiday-shortened week as speculative interest remained robust and few sellers appeared, with several traders attributing some purchases to power sector emitters.
Read MoreWCI emitters push more allowances into compliance accounts ahead of Q4 deadline
WCI regulated entities increased the number of allowance transfers into their compliance accounts over the second quarter, with nearly half these permits coming from the most recent May current vintage auction, data released Tuesday showed.
Read MorePennsylvania won’t delay RGGI finalisation timeline as GOP lawmaker asks for postponement
The Pennsylvania Department of Environmental Protection (DEP) will not delay consideration of finalising its RGGI-aligned carbon market rulemaking at a committee hearing next week, as a Republican legislator said the item should be postponed until the fall.
Read MoreSpeculative CCA holdings eclipse 100 mln as additions slow
Speculative firms increased their California Carbon Allowance (CCA) positions over the week as their cumulative holdings rose above the 100-million mark, while emitters’ short positions increased at the futures expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending July 2, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in California, New Jersey, Rhode Island, Colorado, and Nevada.
Read MoreNA Markets: CCA prices retrace following Scoping Plan presentation as RGGI rises on compliance demand
California Carbon Allowance (CCA) prices edged down on thinner demand ahead of the US holiday weekend, while RGGI prices rose slightly as traders reported regulated entities sought out volume on the secondary market.
Read MoreCalifornia-registered CITSS accounts near peak as allowance prices remain near all-time highs
Thirteen general market participants opened Compliance Instrument Tracking Service System (CITSS) accounts over Q2 2021 as California Carbon Allowance (CCA) prices soared to all-time highs on the secondary market, data released by California regulator ARB on Wednesday showed.
Read MoreVirginia industry group asks court to void RGGI regulation, declare programme unconstitutional
A Virginia-based industry group advocated Wednesday for a court to void the state’s RGGI regulation and declare the programme an illegal carbon tax, while the state argued the final rule conformed to the specific directives of the state legislature.
Read MoreRGGI revenues could lessen burden to Pennsylvania coal communities -report
RGGI auction revenues could ease the burden on Pennsylvania coal communities that could see power plant closures in the coming years as more coal-fired generation becomes unprofitable, according to think-tank analysis published on Wednesday.
Read MoreWest coast heatwave spurring more carbon-emitting generation in California
California power demand is rising amid hotter weather on the US west coast this week, with natural gas-fired generation making up a larger share of the Golden State electricity output, according to grid operator data.
Read More