California power sector emissions drop in November to fall beneath 2019 levels
California electricity sector emissions declined in November to recede below 2019 levels, while also breaking a three-month trend of year-on-year GHG increases amid hotter weather across the Golden State, according to California Independent System Operator (CAISO) data.
Read MoreImpact investor takes majority share in Houston-based environmental commodity firm
A global impact investor has acquired a majority stake in a Houston-based carbon and biofuel credits trading firm, the two parties announced Tuesday.
Read MoreCalifornia nuclear power plant outage could yield higher emissions, traders say
California’s lone nuclear power plant could be offline for several months, potentially resulting in the utilisation of more carbon-emitting sources to cover electricity demand in the first half of the year, several market participants said.
Read MoreRGGI increases carbon allowance allocations in first post-2020 distribution report
RGGI has set aside slightly more allowances for free allocations in 2021, with an estimated 91 million carbon permits earmarked for quarterly auctions this year, according to data from the Northeast US carbon market.
Read MoreUS energy companies sue commodity trader over unfilled RFS credits
Two obligated parties under the US Renewable Fuel Standard (RFS) have filed separate lawsuits against a Texas-based commodity shop for failing to deliver biofuel credits (RINs) in fulfilment of contractual obligations.
Read MoreRGGI expected to announce programme review schedule soon, sources say
The Northeast US RGGI cap-and-trade scheme is expected to make a formal announcement soon about its upcoming programme review, kicking off the process to make further revisions to the power sector carbon market, regulatory sources told Carbon Pulse.
Read MoreSmaller snowpack could impact California hydroelectricity generation, as December power usage falls
California’s snowpack remains below historic averages and could limit future low-carbon hydroelectric generation, while overall power consumption dropped slightly in December across the Golden State as Governor Gavin Newsom re-imposed measures to slow the spread of COVID-19, data shows.
Read MoreCalifornia emitters, speculators kept CCA holdings firm in first few 2021 trading sessions
Compliance entities and speculators held their California Carbon Allowance (CCA) holdings mostly firm across the first several trading sessions of 2021, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreCalifornia emitters shift compliance instruments in Q4 ahead of carbon market deadline, data shows
WCI regulated entities shifted carbon allowances and offsets into compliance accounts during Q4 2020 ahead of California’s interim cap-and-trade true-up deadline, while the state moved nearly 23 million allowances into Allowance Price Containment Reserve (APCR) tiers, according to data published Thursday.
Read MoreNA Markets: RGGI surges to all-time high amid Democrat Senate victories, CCAs nudge above 2021 floor
RGGI Allowance (RGA) prices surged to an all-time high on thin demand this week as Democrats secured a majority in the US Congress, while California Carbon Allowance (CCA) values inched slightly above the programme’s 2021 floor price.
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