RGGI auction clears within market expectations as emitters’ share dwindles
The Q3 RGGI auction cleared within market expectations as it settled above the secondary market, with compliance entities procuring their smallest sale share since the Q1 2021, according to results released Friday.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending Sep. 10, 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 Illinois and California.
Read MoreNA Markets: CCA prices flutter around $25 level as RGGI finds bullish support before Q3 sale
California Carbon Allowance (CCA) rose week-on-week after seeing another volatile stretch, while RGGI allowances (RGAs) increased ahead of the Q3 auction that participants anticipate will settle at or above secondary market levels.
Read MoreLCFS Market: California prices drop to a five-month low on bearish outlooks
California Low Carbon Fuel Standard (LCFS) credits sunk to a five-month low this week, as participants said bearish outlooks for the market are putting downward pressure on the physical and futures markets.
Read MoreCalifornia offset issuances sink to lowest since June
California offset issuances slid to a more than two-month low this week, as regulator ARB doled out nearly 230,000 new credits mostly to ozone-depleting substance (ODS) projects, according to data published Wednesday.
Read MorePREVIEW: RGGI traders anticipate at or above market clear for Q3 auction
Traders are anticipating the upcoming Q3 RGGI auction to settle at or slightly above the secondary market, with compliance entities holding allowances close to current emissions through the first half of the year.
Read MoreThree California-registered projects apply for LCFS via book-and-claim pathway
Three Indiana-based offset projects are seeking to transition into the Low Carbon Fuel Standard (LCFS), with the new petition following similar efforts by dairy digesters over the past few years, according to documents published by state regulator ARB on Wednesday.
Read MoreNA Markets: CCAs see turbulent morning trading as prices crest $25 again
California Carbon Allowance (CCA) prices surged towards all-time highs Tuesday morning before retracing towards the previous day’s settlement, as participants said financial firms could be deploying additional capital after the quarterly sale.
Read MoreWCI compliance entities added to positions as CCAs surged after Q3 auction
WCI regulated entities reduced their open short positions over the past week as the front-month and current auction clearing price (ACP) index futures contracts expired, while speculators held holdings stagnate, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending Sep. 3, 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 Virginia and California.
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