NA Markets: California carbon eclipses all-time high on heels of more speculative buying
California Carbon Allowance (CCA) prices soared to a new all-time high on Friday morning, with traders attributing the gains to additional speculative demand coupled with few sellers on the secondary market.
Read MoreNA Market: CCAs extend spring bull run with more speculative buying, as RGGI prices gain after auction
California Carbon Allowance (CCA) prices continued their months-long bullish trend on the secondary market amid further financial inflows, as RGGI Allowance (RGA) values also rose throughout the week after the Q2 auction settled close to the $8.00 mark.
Read MoreArgus set to bring back in-person US environmental markets conference, as others make plans
Price reporting agency Argus Media announced Thursday it will hold its Biofuels and LCFS Markets Summit in California this autumn, marking the first in-person environmental markets conference in the US since the COVID-19 crisis began last year.
Read MoreCalifornia’s 2022 carbon floor price expectations rise further as US inflation hits 5%
Surging US inflation has pushed California’s WCI-linked cap-and-trade floor price expectations further above $19, with the secondary market trading significantly above the estimated reserve level, according to federal data released Thursday.
Read MoreNew York ISO seeing increased power demand, higher generation from carbon-emitting sources
New York is seeing rising generation from carbon-emitting sources amid an uptick in electricity demand, with the trend coming as RGGI emitters ramped up allowance purchases at last week’s quarterly auction, data shows.
Read MoreCalifornia will not include state audit’s cost analysis recommendations in Scoping Plan process
California regulator ARB will not incorporate climate programme cost analysis recommendations from a recent state audit in its Scoping Plan update, with officials on Tuesday instead saying long-term GHG reduction goals and emissions trends would inform this process.
Read MoreCalifornia’s April power emissions rise to 2016 levels as hydro continues to lag
California power sector emissions rose for the fourth consecutive month in April amid an uptick in electricity demand as consumer behaviour shifts back to pre-pandemic levels, according to California Independent System Operator (CAISO) data released this week.
Read MoreANALYSIS: California offset prices lift, though discount to allowances widens further
California Carbon Offset (CCO) prices have risen recently amid an uptick of buying interest, but continue to lag behind significant price increases in the California Carbon Allowance (CCA) market.
Read MoreConnecticut abandons TCI carbon market after legislature omits programme from budget
Connecticut will not participate in the Transportation and Climate Initiative Programme (TCI-P) after the legislature failed to authorise the proposed fuel sector cap-and-trade scheme, leaving the initiative with three jurisdictions.
Read MoreWCI speculative holdings hit new all-time high after Q2 auction
Speculators’ California Carbon Allowance (CCA) positions surged for the third consecutive week as the group took out a larger position on the current vintage contract, while compliance entities’ short position grew over the period, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
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